TX- Notary starving for work

@notarybyangela16

FYI: Here is the direct url Notary Cafe link to your previous thread =>

:swan:

yes,yes and actually yes. That and if ya’all live in Texas? Invest in the or a power company not run by anybody with a political agenda.

Thank you!! That one was a doozy-whew!

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Hi there- my experience with E&O is that, it won’t make a difference 85% of the time. You’ll need $100k to become Fidelity Approved and to sign for Old Republic and Chicago Title, but going through a signing agency automatically gives you $1 million under their policy. I just renewed mine at $25k and saved myself a few hundred dollars.

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Well, that settles it then. And I quite agree with all that has been said by Angela. It’s the reality check about this business that I’ve also stated in a different way elsewhere on this forum. While I will always vigorously pursue GNW, I’m cranking up some other avenues to make money. We’re all in for a rough time when the recession hits this fall.

Pay off your credit cards, kids!

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@notarybyangela16 Agree :100: percent!

I’ve also stated a similar perspective on another thread (see below direct Notary Cafe url link) wherein I said: “maintain appropriate expectations; i.e., there are already more than sufficient tales about Santa Claus, the Easter Bunny, the Tooth Fairy, etc.,

:swan:

Angela!! Great response with tact and valuable information. I rather prepare than hope for a miracle, LUCKLY this is my secondary form of income (income is big word since nothing has been coming in) but I will start reducing my expenses on this and just continue to market and work with the least amount of capital I can.

I have seen some income come in from GNW so at least plan to get my investment back with this and hopefully continue to get some experience with other branches on Notary work. I have seen some work doing Apostilles and Wedding officiant but also a bit saturated.

As someone said earlier, I was 59 sec too late to get into this. I kept seeing this “Social media” coaches talk about how much money there was here. I should have done more research, but not all is lost I have enjoyed my journey and I don’t easily get discouraged AND THANK GOD I didn’t let go of my job!

Oh my word, YES. Thank God you kept your primary job!! That is EXACTLY why I keep posting this post-there are a lot of slimy and crooked “coaches” out there and I have actually run into a few of the folks who took their rotten bait, LOL.

As I mentioned, the ONLY reason I did this full-time for 2 1/2 years was because I wanted out of the industry anyways, and initially it was a temporary thing for me. YES, it was absolutely lucrative-i just did my taxes and made $112k last year, but as is typical of real estate that came crashing down starting around December.

I do want to encourage you to keep doing it on the side!! Even if you do only 3 a week at $75 each (which is the average rate in my area) that adds up! I still make between $600 and $900 a month and that’s PRETTY COOL if you ask me…

I wanted to ask you, are you signed up on SigningOrder.com and Snapdocs?? These 2 platforms have been very successful for me-Coast 2 Coast uses Snapdocs and while they don’t pay the highest rate, it’s consistent and they always pay. If so, and you still aren’t seeing any orders, drop an email to Coast 2 Coast at office@c2csignings.com or to the owner, Lisa Bittner lisa@c2csignings and introduce yourself! They are really super great to work with, truly, especially if you are brand new and they will give you orders-promise!!

Also, Snapdocs does track your availability and though I saw somewhere here (not sure if it’s this thread) where someone said it doesn’t matter, that’s actually not 100% correct (I know this because I’ve spoken to Lisa about this). Having a good response rate on Snapdocs will push you to the top of the list of signing agents in your zip code so even if you can’t take a signing make sure to respond to every request that you can. I try to maintain 85% or better if possible, even if I’m only declining them.

Which brings me to this…A word about how these orders get assigned…this was driving me nuts so, of course, I found out the answer LOL. I actually had schedulers that I was friendly with that work with each platform do a “Zoom” meeting with me so they could share their screen in order to show me how they assign, so I’ve seen this with my own eyes. And, First IS your response rate - this applies to SigningOrder.com as well. The platforms use algorithms and the higher your response rate the more frequently you’ll show at the top of the list - Even if you decline them! SigningOrder doesn’t show your response rate, but it matters because when a scheduler submits the order, they will indicate how many results (signing agents) they would like the order to be texted to. Could be 5, 10, etc. and the higher your response, the more requests you’ll receive. If no one bites, they’ll push it to 10 more and so on until they get a bite. And, the signing company also has the ability to mark YOU as preferred for them which means you are automatically included in their initial requests sent to your area. So, for example, if they mark that they want 10 signing agents to receive their request, you will ALWAYS be in their top 10 regardless of your response rate. If they only want 5, you’ll ALWAYS be one of them. Also, once you are preferred, any order you accept will automatically be assigned to you-The schedulers won’t even have to manually select you. If there are multiple preferred notaries responding to one order, the first response gets it so try and be quick. If there are more than 10 preferred agents and they indicate they want 10? Well, that’s when your response rate also counts - The preferred notaries are once again selected by response rates (algorithms).

As far as marketing to title companies, well…heck, why not?? As I mentioned, there will be times the EO can’t do the signing and those pay very, very well. I’d still target a few if I were you! :blush:. Just don’t anticipate many and be pleasantly surprised when you get one!

One final thing (promise) is to pay attention to what day of the month it is. The refi’s have a mandatory 3 day right of cancelation…so for a loan to close, the signings have to occur at least 3 business days before the end of the month. For this reason, there is usually a surge in orders right around the third week of the month (I always see posts during that time from excited signing agents saying “WOW THINGS ARE REALLY PICKING UP, YAHOO!!!” and no…they aren’t. It’s just a surge for about 5 or 6 days and even these surges will go away soon. However, you’ll have better chances at snagging a few during that time so keep your phone close to you. And most companies are fine with you moving the time a bit-if I get one for 3:00 and I can’t do it until 5, I’ll snap it up. Just be aware of when your last FedEx pickup is, so you can still have time to drop them the same day. Anything after 4, they do not expect the packages back the next day, so grab the ones after 4 even if you need to move them out. The folks are already home and won’t mind pushing it back at all. I will probably get some pushback about this-but I have never had problems moving the time around, personally. They just want them signed so the clock starts ticking on the ROC.

With all of this being said, I wouldn’t say you wasted money at all…you will for sure recoup your investment! While I’ve been typing this I snagged 2-one at $100 and one from C2C for $75…shazaam! You will recoup, Just not as quickly as if it were the same time last year.

Let me know if I can help you in any other way, I hope I shed a little light on the whole ballgame for Ya!

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Notary work? Nahhhh, I shot a 44/44 this morning, maybe puts me in the money. Retirement golf–it’s what’s for dinner!

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Angela, thank you very kindly for your generously offered insights. At last, someone who knows what they are talking about and is willing to share the mechanics of how this crazy order assignment maze actually works. I am very grateful to you for sharing this hard-earned information. Tip o’ my cap to you.

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It Seems most of us here are seasoned and all comments appear to be accurate

I think this occupation going forward will only support part timers. I don’t believe going you can make a full time living anymore. Besides UPS here in AZ only charges 10 per stamp and the word is out they notarize.

I did quite well 8000 signings over the last few years and now very poor. Some may become busier as many notaries purge out of this so-called career. I would advise to all nebbies, drop this idea and look for a stable job. If your retired maybe pick up a few bucks. But frankly it’s over. Even most title companies are performing their own RON signings. Good luck to all and God Bless

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My signing today was with a Realtor and she confirm that Titles are using using in-house closers. She said she doesn’t like it but it is what it is. Makes sense why most of my signings are HELOcs and Sellers/Buyers packages. I personally knew better that to make this a full time thing for me but there are others that have made it work! I think location and experience is key. Also, branching out into other markets are helpful.

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Well may it help you to pick up additional signings. You are very welcome, ask me anything. I am happy to share!

By the way, I have to admit that I am really super hoping that the signing agent who insisted that escrow officers do not do their own signings because it would be a conflict of interest (remember her from the thread above??). Reads this thread and Posts here… Because, I went ahead and I emailed the vice president of Old Republic title using the information on the screenshot that she posted. I didn’t mention where I got her information, but I did email her and she did respond. I am saving that email for the next time I run into my “hater.”. LOL

There will always be a need for mobile notaries even when title officers do their own closings. There are rural areas or areas where its more convenient for the signers to do it from the comfort of their homes. Areas like my area service the elder population so although slow its a service that will in my opinion will survive.

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Once upon a time when I was a banker, my old boss used to say two things to me that I still remember to this day.
1: If you go to lunch with co-workers who are negative and complain about their jobs and their pay, stop because you’ll start hating your job too.
2: If you want to move up in the company, focus on learning everything about your current job and do it well.

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I agree with that.
It’s not about, talking about the problem.
It’s about how do we solve the problem.

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No, it will support full timers (but not the noobs). I hope you put away (in savings) most of the 8000 signings dollars. In 2020 I put away in my saving $180k, I made $240k that year, just doing loan signings.
I paid cash for a rental in Pittsburgh, generating me $900. clear every month. I say stick with it, and use this time to sign up with more companies. And get those honey-doos done now.

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