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Hey Everyone, I had a few friends and supporters from my YouTube channel ask me specifically about my experience with Mark Will's LSS course and asked if I could do a complete review of the Loan Signing System. I put together a video about this, which I'll link at the end of this post, but I wanted to go a bit more in depth about my feelings and take aways now that I've been on this journey for the better part of a year.
Please click below and we can talk about my personal, honest experience with the LSS.
My Review of The Loan Signing System
Ok, well before we dive in too deep, I have to let you guys know up front. I gave the LSS course a
5 out of 5 Stars
when I reviewed it on Google. I'll cover the reasons why as we move into this review. But I just want you to know, that this course is great. It enabled me to quickly learn the basics of how to do loan signings, gave me confidence to put myself out there, and has enabled me to quickly generate 2-5K per month consistently on a VERY part time basis.
Before you read any further, please click this affiliate link to find out about pricing for the course, and to support this website by helping me earn a commission at no extra cost to you.
How did I even find out about the LSS?
My husband told me he heard about the Loan Signing System a couple years back on Nick Loper's Side Hustle Nation podcast. He said that it sounded like something that I'd be interested in, and be good at doing.
But it wasn't until we refinanced our home recently, and I was asking the loan signing agent that came to our closing about how her business is, that I really thought that I could do it.
At that time, my husband pulled out the podcast and I listened to it, and then started researching on the website what the course is, and how it compares to other courses that are available.
What is the Loan Signing System?
So the LSS is a course that was developed by Mark Wills, who is a full time loan signing agent, and now a signing service owner, who is based out of Los Angeles, CA, or some suburb (I'm not exactly sure where).
I think that he made this course so that he could train a national pool of notaries, so that he could confidently hire them when he is trying to get documents signed in other parts of the county.
So he took all his years of experience and built the course to give someone with no experience all of the necessary steps it takes to be able to put yourself out there and start making money, in a very short amount of time.
How does the LSS prepare you for loan signings?
The LSS starts out by teaching you how to earn your commission through your state, so you can be a qualified notary public. Loan signing documents require multiple pages to be officially notarized by someone who is commissioned through the state where the documents are being signed.
Once you earn your commission, you are qualified to stamp your seal right on a document, and can get to work right away... but WAIT.
While this is true, Mark makes it a point to tell you that if you jump into the world as a notary signing agent without specific training, you're likely to make mistakes while completing the documents and the chances of you getting selected for another job start to dwindle...
How to Sound like You Know What You're Talking About
So the course then begins to prepare you to be a PERFECT signing agent.
One of the points that Mark makes in the course is that, if you can demonstrate that you know what you're talking about, sound knowledgable and professional from the outset of the appointment, you can breeze through the documents with the full trust of the client in no time at all.
In order to do it, you need to... know what your talking about, sound knowledgable and professional.
So the course gives you all of the tools you need to be able to do that.
It gives you flashcards so you can start memorizing real estate definitions and terms. Even though I'm familiar with a bunch of these, it wasn't until i started going through the flash cards that I realized I didn't have a solid foundation of these definitions.
It also covers the National Notary Association's Signing Agent Code of Conduct requirements and background check information which you will need in order to register for most signing servcices.
Then the course walks you through an entire loan signing document package, pointing out all of the important things you may need to know about each document, including where to double check that initials may be needed, signatures and dates.
He also teaches you how to know the specifics of each document, which end up being simpler than you would think.. that you need to read the document!
How are you supposed to know exactly what information you need to relate to the client, if you haven't spent the time to read and know what the document is communicating?
Thankfully, once you've read a document once or twice, you know what that document is, and it almost will never change. This is part of the key to working through a loan package easily.
If you know the document you can present the most pertinant information quickly. If you've established that you are a knowledgable professional from the outset of the appointment, almost every single signer will trust you, and won't need to read each page and paragraph.
Loan Document Sticky Points
Also, Mark has put together an extensive list of the most common problems that new Notary Signing Agents encounter when they're learning how to complete loan documents, and he covers these problems so that you don't have to be hung up on them too.
They include the notice of right to cancel form, preliminary change of ownership report, problems with signatures matching loan documents, and more.
He also covers printing documents on the right paper size quite a bit too, which is surprisingly a big problem for a lot of people in this industry. I was switching back and forth between legal size and letter size paper on my first signing, but then I got a dual tray laser printer.
Once you've earned a commission, studied all of the information about how to complete a perfect signing, earned your certification and gotten your NNA background check; you're ready to start marketing yourself.
How do you get loan signings?
This is another great part of the course that Mark covers heavily, and shows that you can do it different ways, and still be a successful loan signing agent.
If you're introverted and just want to put your name on a list, and have calls and texts and emails show up offering you work, he talks about how to sign up for Loan Signing Services.
At this point, I've signed up for a LOT of them, done a LOT of work for them and they are mostly great! I regularly get work from Notary Go, Notary Dash, Bancserv, Signing Order, Snapdocs and MORE.
But he also teaches about what he did to market himself directly to escrow agents, real estate agents and mortgage officers. He points out that if they know you do good work, they will consistently use you because your skills can make or break an on time loan closing.
After being in this industry for the better part of a year, this is where most of my work comes from on a consistent basis now. I work with 2-3 escrow agents in my local area that I marketed myself to EXACTLY how Mark says to in the course.
My Loan Signing Schedule
Now, at the beginning of the week, I sent my favorite escrow agent my availability for the week, and she gives me signings throughout the week that match our schedules.
I'm able to fill in signgings from my other escrow agents, and take signing service offers if I need them to meet my weekly earning goal.
This has become the ultimate part time job that fits my BUSY mom schedule. It allows me to make enough money to pay for things that I want to, like kid's private school, and be there to pick up kiddos from dance class or horse riding lessons.
But Do You Really Make Money as a Loan Signing Agent?
You've probably seen the YouTube videos advertising 5-15K per month earnings as a Loan Signing Agent and are pretty doubtful... I know I was. So this is probably a pretty important question for you... so here's the honest answer:
Truthfully, my highest earning month was close to full time work, and I did almost 5K, but, it was when I was pretty new as a loan signing agent. I was driving longer distances because I wanted to get the experience of actually completing packages done, and I was taking pretty much any price that a signing agency offered me.
5K is amazing money! But it was a lot of hard work to juggle my life as a mom, wife, home school teacher and house work, and honestly after that I felt burnt out.
But now my situation has changed drastically!
First, I've scaled back to meet my actual monthly goals of the income I need after taxes to put my highschooler into a private school; I know if I earn that much for the month, I'm fine and that I don't need to chase more money just to have more money.
Second, I now have the experience that I'm comfortable negotiating my fees, whether a signing service takes it or leaves it. Today, I don't leave the house for less than $100. My escrow agent always offers between $150 and $300 per signing and I love getting this amount of money!
Third, I don't drive so far anymore. There have been times in the past that I've driven up to 2 hours one way to get a signing done, but those days are over!!! It's extremely unlikely that I'll drive more than 30 minutes one way, and my town is surrounded by other towns all within a 30 minute drive of my home. The other day I had an offer for $150 for a signing that was 1.5 hours away, I countered for $300 and didn't hear back... and that's okay with me!
Fourth, competition is different where I live. I live about 50 minutes outside of Portland, Oregon which is the biggest population center in the state, but I don't want to drive up there very often. I continually have notifications for signings in Portland, but the competition is more fierce to be quick to pick them up, AND the pay is less consistent. In the urban center, sometimes they pay more, but sometimes they pay less... it's a gamble!
In reality, my average numbers look like this;
$150 for a signing
about 30 minutes driving one way
30 minutes for signing
and 30 minutes driving back
It's about $50 an hour, maybe less if the signing takes twice as long... but that doesn't happen often.
I've averaged about $1800 earnings per month for the past 5 months, and worked about 8 hours per WEEK.
If I wanted to work more, I could work WAY more, I've seen the fruits of marketing to escrow officers, I've seen it work. If I wanted to continue to call signing services and get more and more calls and texts from them, I KNOW I could do that. These are all techniques that I just followed straight out of this loan signing course.
I"ve earned a TON of money from my investment into this course (about $18K part time so far this year!)
I have to recommend this course.
I HAVE recommended this course. My husband, aunt, and two friends are all earning money from taking this course.
I will continue to recommend this course.
Yes, there are parts that aren't ideal or perfect. If you don't like them, you should build a better course after you become a loan signing pro... I just might :)
Thanks for your time reading this. If you're interested in the LSS course please use this affiliate link to make your purchase. It'll help out my channel and this blog.
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