How To Become A Notary In California

How To Become A Notary In California Video

How To Become A Notary In California Video Transcript

I'm mark and I teach the loan signing
system I'm frequently asked how come
loan signing agents make anywhere
between $75 and $200 per employment now
this is a multi-faceted answer so allow
me to answer it as succinctly as I can
let's first talk about the range of 75
to $200 per signing that loan sending
agents get you will see on every closing
statement that the signing fee has it's
very own line item which is typically a
150 to $200 per employment now whether
it's a hundred and fifty 175 or $200
it's set by what the escrow company
allows signing agents charge now the

amount that you make off of the 150 to
200 is determined by where you get the
loan sending appointment if you get the
signing through a loan signing service
you end up splitting it with the loan
signing company making 75 to $100 the
logic of the signing service is they got
you the business so we're in turn they
split the signing fee with you think of
the signing service as a broker the good
news though is it's very rarely do
signing services pay less than $75 in
the better news it's more frequently
closer to $100 per appointment I don't
like to over promise my advertising

that's why you'll constantly hear me say
$75 but the industry average is $100 now
if you get direct loan signing business
meaning you didn't get assigning through
a signing service you got it directly
from an escrow officer loan officer real
estate agent you keep every penny you
see on the closing statement whether
that be 150 175 or $200 just so you know
150 is using an industry norm but 200
does happen this is why you can make a
range between 75 and $200 per trip or
appointment as a loan signing agent the
second part of the answer is why do loan
signing agents make as much as attorneys

physical therapists or even
chiropractors to understand why alone
sending agent makes so much you need to
understand the mortgage industry long
story short there's a lot
on a perfectly executed loan signing a
hundred and fifty dollars ensures that
they're hiring a skilled and
knowledgeable loan signing agent you
also need to understand that every
single loan has some type of deadline
attached to it
whether that's a rate lock a purchase
contract or simply it's the end of the
month loans of the fund in time for

these deadlines to be met a poorly
executed loan signing a missed signature
missed eight forms not filled out etc
can delay a funding costing escrow
officer or mortgage officers thousands
of dollars in rate lock extensions close
of escrow penalties or lost Commission's
or even worst case a buyer can lose the
home they're trying to buy 150 to 200
dollars ensures an escrow officer or
mortgage officer that they are hiring a
professional the skill of being able to
guide a borrower through loan documents
without missing signatures dates
initials and having all the forms filled
out and this has a value that's a
hundred and fifty to two hundred dollars
per hour appointment once again
understand one mistake can hold up a
whole funding having a borrower sign in
the wrong place can cancel an entire
loan while walking someone through loan
documents incredibly easy it is not
without responsibility and that is why
we make $150 per appointment if making
all 75 to 200 dollars per hour interest
you watch my course the loan signing
system I'm mark and I teach the loan
signing system