Mark Wills is absolutely slaying that blazer that matches every housewife’s almond milk-infused Starbucks drink.
My man wants to show you how to make $75 to $200 per appointment as a notary public loan signing agent. These appointments shouldn’t take more than an hour.
Meaning, you can make about as much per hour as a doctor or an attorney.
Too bad appointments are few and far between, huh?
Mark’s been doing the loan signing thing for 20+ years now.
Says he’s made millions from it. (But is he lumping course sales in with that? Who knows.)
Hundreds of thousands of students have taken Mark’s free training, thousands of which have enrolled in his Loan Signing System (LSS) paid programs.
If that’s the case, should we not be concerned about saturation? What if you join and there’s like 15 other members in your city? Will you be the bird at the resort pool, picking leftover crumbs outta the styrofoam container?
Just thinking out loud.
But anyways, what even is a loan signing agent?
First and foremost, you must be a notary public. Sounds scary, but it’s not. Eighty percent of states require nothing more than an application for that. The other states basically have you take the equivalent of an open book quiz.
Once you’ve got that checked off, whaddya do as a loan signing agent?
You walk borrowers through their loan documents, and have ’em sign by all those Xs below the legal mumbo jumbo they definitely didn’t read.
“And that’s all you do,” Mark laughs.
“Tell me this isn’t the most amazing job you’ve never heard of.”
“I know, it sounds too good to be true, but it’s not. Every mortgage transaction has to have somebody walk the borrower through the signing process, and for that, it’s $75 minimum,” he says. “But all the way up to $200.”
Now, if you’re wondering why the real estate agent or loan officer wouldn’t just do this part themselves and save the, let’s call it, $150, it’s because by law it has to be a neutral third party.
Okay, cool, what else?
You can do this on a very part time basis, around your schedule.
Nights and weekends are your most common appointment times. Why? ‘Cause borrowers are busy with their day jobs and their kids and so on.
Perfect if you wanna do this without quitting your 9-5.
And no, Mark says, you don’t need to know the first thing about loans. It’s all very easy to learn.
I beg to differ. Picture the Joneses asking you a refi question and you freeze, like Bambi caught in high beams. Sweating bullets, stuttering, trying to change the subject – not a pretty scene, is it?
I would think you’d have to deep dive into the minutiae of all that dreadfully dull paperwork in order to feel competent.
I could be wrong though.
Either way, is it hard to land these appointments?
Nah, Mark claims.
You just use a “signing service.” They’ll have partnerships with mortgage companies, title companies, lenders, and real estate agencies – meaning, plenty of work to refer you.
Somehow I don’t think it’s as easy as he’s making it sound.
Again, what about competition?
Or like right now, with interest rates up and the housing market cooling off, who’s really getting a loan? What if there’s hardly any appointments popping up near you?
And even if there are some – here and there – don’t you always gotta be on standby?
Maybe you’re okay with that. Fine. But you still have no control over future opportunities. They may come, they may not. Someone else may get to ’em first. How would you ever scale?
I think I’d rather do any internet business than this.