Did you know that signing services are commonly utilized in the notary industry and more specifically for real estate transactions?
Signing Services serve as a connecting party between notaries and title/attorney offices. They will typically have a pool of qualified notaries that service either a particular area or nationwide and when they receive work orders from their partner title companies, it is offered out to the notaries in the pool.
The Signing Service is paid a set amount with which to find and secure the notary, ensure the closing is completed successfully, and also pays out that notary.
Common Signing Services are Sunshine Signing, The Closings Exchange, and On-Time Notary. When you are looking to start working with signing service, be sure you have all of your notary credentials ready for the onboarding process including notary commission, background check, E&O insurance and completed W9 to name a few.
Most signing services will typically pay with Net30 terms which means you will receive payment 30 days after you complete the closing. This is important to note for financial management purposes. Waiting 30 days may seem like a long time for the beginning notary but just remember if you consistently work after the first 30 days you will be receiving payment almost every day going forward depending on how often you work. Signing Services are a great way for notaries to get started conducting loan closings before they start working directly with title companies.
We have a list of 50 signing companies to sign up within our Notary Signing Agent Training.