Is it worth it to become a signing agent?
Is it worth it to become a signing agent?
Getting certified as a signing agent is a great way to increase your earning potential, and it offers numerous other benefits. It provides you the flexibility to work part time for extra income or fully commit to the career and launch your own thriving business.
How much do loan signing agents make in Colorado?
$28,184 is the 25th percentile. Salaries below this are outliers. $57,308 is the 75th percentile.
Can I make money as a loan signing agent?
So why is being a loan signing agent such a great side hustle? First of all, it’s great money! You can make $75 to $200 in a single signing, and a signing takes about an hour. Part-time loan signing agents generally do one to three signings per week, which is about $300 to $500 dollars extra a week.
Is it hard to become a loan signing agent?
You simply need an active notary commission from your state. Some states don’t even require a test to get your notary commission… you just fill out an application. One of the hardest parts of becoming a notary loan signing agent is already taken care of and you can skip to Step 2!
Do loan signing agents pay taxes?
If you are a self-employed Notary Signing Agent, IRS Publication 17 states that you must pay self-employment tax if you had net earnings of $400 or more from fees for services other than notarizing documents (for example, traveling to a signer’s home, delivering completed loan document packages, etc.).
How do you become a signing agent in Colorado?
To become a Notary Public in Colorado, you must complete the following process:
- Make sure you meet the state’s qualifications (see below).
- Take a Notary training course from a state-approved provider.
- Pass the state-required exam.
- Take your oath of office and get your affirmation notarized.
How much does a notary in Colorado make?
The average salary for a notary public is $14.83 per hour in Colorado.
Can you make 6 figures as a loan signing agent?
Yes, you read that right. To make six figures as a notary public loan signing agent, you only need to do 13 loan signings a week. That’s 3 hours per loan signing from front to end — and in this case, a total of 6 hours of work time per day, 6 days a week, in order to be a six figure loan signing agent.