The procedure of having a notary public witness the signing of loan documents is known as loan signing. Although the loan signing sector has been around for a while, it has recently become more well-known as a result of the rising demand for notary signing agents (NSAs). Many individuals remain dubious about the legality of the loan signing sector, despite the fact that it appears to be a lucrative possibility for those looking to make some additional money. You may determine whether the loan signing business is a legitimate opportunity or a con by reading this article.
Those looking to work as NSAs have a legitimate chance in the loan signature sector. The position entails acting as a go-between for the lender and the borrower. The NSA’s responsibility is to watch the loan documents being signed and ensure that everything is done properly. The amount that NSAs are compensated for their services varies depending on a number of variables, including the location and complexity of the loan signing. Who are the rivals of Snapdocs?
NSAs frequently utilize Snapdocs to look for loan signature gigs. NSAs can still utilize other platforms to look for employment, though. NotaryCam, Notarize, and Pavaso are a few of Snapdocs’ rivals. These websites provide Snapdocs-like services, and NSAs can utilize them to obtain employment and supplement their income.
Snapdocs isn’t entirely cost-free. NSAs can create a free account, but to access all of the platform’s capabilities, they must subscribe to a commercial plan. Access to the platform’s mobile app, priority assistance, and other advanced features are all included in the subscription plan. NSAs have the option of purchasing a monthly or yearly plan, depending on their requirements. Has Notary Assist a mobile app?
A platform called Notary Assist provides notary signing agents with a number of tools to assist them in running their businesses. NSAs can access Notary Assist on their mobile devices even if the platform doesn’t have a mobile app. Features like appointment scheduling, billing, and document management are available with Notary Assist. How Much Do Notaries Get Paid?
The pay that notaries receive varies depending on where they work and what they accomplish. The National Notary Association estimates that the typical notary signing agent earns between $75 and $200 per signing. However, this sum may change based on a number of variables, including the signing’s difficulty, location, and the notary’s background.
In conclusion, anyone looking for a legitimate way to supplement their income could choose the loan signing industry. Despite a few scams in the business, most loan signings are legitimate. Platforms like Snapdocs, NotaryCam, and Notarize can be used by NSAs to get employment and make money. A portal called Notary Assist provides NSAs with a number of tools to assist them in running their businesses. Depending on a number of variables, the average notary signing agent earns $75 to $200 every signing.
Depending on your state of residence and its notarial laws, the fee to become a notary signing agent may change. The cost, which covers the cost of the notary application, training programs, background checks, and other required costs, can typically range from $100 to $500. It’s crucial to keep in mind that being a notary signing agent could necessitate further education and certification, which might raise the entire cost.