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Hi Everyone! I've had a few friends ask me specifically about my experience with NotaryGo, which is a loan signing service, and whether or not to use them as they begin their notary signing agent careers.
Well today I'm going to talk about my real experiences with NotaryGo, why I've used them so far and I'm going to give some tips and tricks on how to get assigned to MORE signings and even better, get MORE MONEY for each signing you accept with them!
Why Wouldn't I use NotaryGo?
Honestly this is a simple question to answer, and it all boils down to money. Many discussions I've been involved with that centered around this signing service all had a similar theme; don't work for them, they don't pay anything, your time is more valuable than what NotaryGo will pay.
One of the jokes I heard is that NotaryGo is the Wal-Mart of signing services.
Okay, it's true. Each signing that I've been offered from NotaryGO has started at $60 for the signing, regardless of distance or loan type.
I completely understand the perspective that this is too little money for the time and effort it takes to bring me to a closing table.
Why I Have Worked for NotaryGo
Yes, I completely understand that the money is so small compared to other signing services, or direct business. My husband has NOT signed up for NotaryGo, and the least he has been paid is $100 for a signing.
I know that I am well educated, that I know how to put the client at ease and thoughtfully and confidently work through a closing packet, not missing any information and getting everything that escrow and the lender need to complete a closing on time.
But what I don't have is... experience! I have only done a couple of signings at this point... and I know that until I get to 20-25 signings I'm going to probably make mistakes, like I already have. I also don't feel like I have the experience to demand a higher rate of pay.
My goal with this business, in these beginning months is to reach that 20-25 signings completed goal, so that I can feel comfortable with the process, and I can become a GOOD loan signing agent.
Because just like in any job, there's a BIG stretch between being well educated, and actually knowing what you're doing out in the field.
So, thinking about long term goals.. I know that I don't want to keep working for signing services forever. I know that I want to earn direct business from escrow or title companies. But I feel like I can't do that until I get experience.
As I mentioned, I know that I'm going to make mistakes in the beginning, it's the nature of learning anything. No matter how educated you are, you have to get used to working with the loan documents, you have to get used to how different lenders want the documents completed.
Although I know that I'm well educated, and well prepared, my first signing was exciting... but it was scary!! But then during my second signing, i felt a little bit better, and during my third I felt a little bit better again but during those signings I made mistakes!
I didn't know that the letter of explanation needed to be signed, but I made that mistake, and now I know I will never make that mistake again!
That's really the point I'm trying to get across to you guys, In the beginning I WANT to work with a company like NotaryGo who is willing to work with new notary loan signing agents, and expects that we're probably going to make some mistakes, and who is willing to walk through that process with me.
That's what I feel right now. Even though NotaryGo offers a small amount of money, at this point in this business, I'd even go out and do signings for FREE! I need the experience, and the ability to get experience from NotaryGo is really valuable!
How to Get More Signings from NotaryGO
There are a few simple things you can do to definitely get more signings from this loan signing service. First, you can adjust the distance you're willing to travel for signings. If you're willing to go farther, you definitely have an edge up on the competition.
Next, every time I've gotten a signing notification that I'd really like to do, like a signing that is really close to home.. as soon as I clicked accept, I dialed the number and called NotaryGo! At this point I've talked to the agency quite a bit on the phone, and I can tell you, they're super nice!
For one of my recent signings, after I clicked accept I got a notification that said I wasn't experienced enough to do this signing. So I called right up, and I just explained to the nice lady who I was, that I was well educated, and explained why I was qualified for the signing, and asked if I could please do the signing. She said yes, and assigned it to me right then!
I totally want to encourage you, pick up the phone! You definitely don't need to be afraid of calling NotaryGo they're just people, just like you and me and they're really nice and friendly to work with!
How to Get More Money From NotaryGO
Another thing that some people have pointed out is that, once you get some experience with NotaryGO, you can often successfully negotiate with them. If you see a signing offer come through that is just too little money for the time you'll invest, you can counter offer. If they really need you they'll pay!
When you register with their loan signing service, you'll need to provide several sets of documentation, such as your commission, your background screening and insurance. Another requirement that NotaryGo has is that you complete a signing agent agreement.
In this agreement there are several key items discussed that NotaryGo says if you do these things, you'll get boosted in their system for future signings!
Each of the things that they ask are simple to do, and they will send you reminders when you're doing the signing. Some examples include calling or texting right after you confirm the appointment with the client. Or calling to let them know when you've arrived at the signing, and calling when you've completed the signing.
All of those steps add up to give you positive marks within their system. If you do 5 signings with positive marks within their system, it gives you that boost, so that you can get more signings, and get more money!
What About You?
So I hope after reading this article you'd understand why I have worked with NotaryGo and why I would recommend any new notary signing agent working with them.
Although NotaryGo has a reputation for paying a very small fee to the signing agent, we all need experience when we're starting out in a new business and that experience is invaluable!
Have you successfully negotiated with NotaryGo for a signing? What was the process like? Please leave a comment below!