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joelbenedict
Kentucky
26 Posts |
 Posted - 09/18/2011 : 3:11:26 PM
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@Linda H: Yikes, a few hundred. Well, I guess it would be easier than getting that money from hourly wages. I haven't really been comfortable in aggressively pursuing more business, since I am still relatively new to the business.
@Renee: Do you know what department usually holds the public records of deeds? Maybe I should apply to work at a real estate agency for an entry level position, given that it's where the signings are moving towards. Not really sure what position notary experience would qualify me for.
Thanks for the advice, everyone! |
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LindaH
Florida
1754 Posts |
Posted - 08/28/2011 : 06:44:25 AM
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quote:
Originally posted by Doris_CO
This business has slowed down to a crawl for most people. Quite a few NP's that did this full time are now taking full or part-time jobs because they aren't making enough as a loan closer to live on.
That would be me...I did minimal work in July ... NO loan signings in August - one RESPA signing just yesterday for a whopping $85 - I took a full time job with a law firm two weeks ago -
To Joel: Look at the list of companies here and on Notary Rotary .... google them, look at their website and any that state they are "nationwide" - contact them - ask to be included in their database of approved notaries. But note: you'll need to contact more than a few - a few hundred would be more like it..
And I agree with Doris - review your fee schedule and what your market will bear. But, IMO, 7/week to me is a stretch in this market and if you really need that you may have problems - if you market aggressively you may pull off 3-4/week - but getting the fee you deserve ($100-$125/signing) you'd still make the money you need. Work smarter, not harder...:)
Good Luck.
Linda
http://www.notary.net/websites/LindaHubbell
http://www.columbiacountynotary.webs.com |
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Renee
Michigan
549 Posts |
Posted - 08/28/2011 : 04:12:01 AM
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You could look through public record and find out what title co's are busy, and the names of those working for them.
If you looked through Deeds, the title co is usually the entity shown under "prepared by" - since most purchases now are REO's, the name of the notary is most likely going to be an in-house person.
If you look through mortgages, the names of the notaries will give you an idea of who is doing the signings/closings in those counties. With that, you can further research your competition.
Louisville is a huge city, and I'd guess (just a guess) there's probably a lot more REO work going on than refi work, and in my area the majority of REO purchases are cash - which is why I suggest looking at Deeds, and not just mtgs.
So, that's one way to nail down who has the work, and who's doing it for them. Next you'll want to find out how much they're doing it for but at least you'll know who KNOWS.
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Doris_CO
Colorado
148 Posts |
Posted - 08/27/2011 : 8:57:18 PM
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How long has it been since you were active? This business has slowed down to a crawl for most people. Quite a few NP's that did this full time are now taking full or part-time jobs because they aren't making enough as a loan closer to live on.
And, by the way, your fee seems to be low if you're printing the loan docs and traveling to the closing. If you have experience, which it seems you do, you can charge more for your services and you should.
Search this forum, NotaryRotary and Notary Cafe for comments on the companies you've mentioned. There have been recent comments regarding FASS but I don't think I seen anything about the other two recently. |
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joelbenedict
Kentucky
26 Posts |
Posted - 08/27/2011 : 8:41:51 PM
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As the above title suggests, I do signings in Jefferson and Bullitt Counties, but more often out in the boonies in Shelby, Spencer, Oldham, and Nelson Counties. So who hires notaries for signings in those counties?
I asked a couple notaries in the area for sharing contacts, but communication is slow, so I thought I'd ask the network as a whole. I used to do a TON of signings with FASS when I was active, UDX is another one I've done a lot with, and Signature Settlement is the most recent one. I'm still very part time right now, but it would be nice to do it full time (I figure seven a week at $75/a signing is the minimum it would take to live on it).
If you could mention any other real estate related mini-jobs that I could get into with little training, I'd appreciate it. |
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