In today’s age, mobile notaries are asked to perform all sorts of different mobile notary signings. As more laws come into play, and identity theft is at an all time high, more companies are requiring more types of documents to be notarized.
And that is before we consider the growing amount the influence, amount of work and new laws that are going to be involved in online notarizations. This has to be in thought, as most businesses will need both remote notaries and online notaries.
If you ask most mobile notaries what type of signings they perform, the majority are going to say Real Estate transactions.
Now, if you ask the successful notaries what types they sign, their answer is “all of them”.
One thing I have noticed as a scheduler for a signing service is a lot of notaries say they will ONLY do Real Estate closings. That’s fine if you have established yourself with some companies as their preferred notary and they keep you busy enough. For the rest of the notaries, there are other options besides real estate closings to supplement your income.
Small Jobs are Usually Easier
Some of these jobs you may get called on, you may not be familiar with, and that’s okay. Let me tell you, these are the EASIEST ones to do, and my personal favorite. Now most of these types of signings don’t pay as much as a refinance or purchase closing, but for the time spent and the job at hand, it equals about the same or more.
I know some of you are thinking, “I’ve been offered these before and they only pay $45, that’s not worth my time”.
Well actually lets break this down.
Here is the Math
I will use an average for an example, some take more time and some take less time. We will compare a refinance at $100 and a smaller assignment at $45.
For example, let’s say the signing is at the same location. The average drive is 15 minutes, with some being more and some less. Costs for printing (paper and toner) is about $.07 per page. Let’s say it cost a total of $3 in gas.
So for the REFI, average page count is 120 pages, plus a borrower copy. Total cost of printing is $16.80. Plus the $3.00 in gas. Total Cost to perform job, rounded up, is $20.00. Leaving you a total of $80. Then, the average time to complete a refinance is about an hour, with some going faster and others taking longer. Total time including drive would be 1 ½ hours for $80. Not bad money for the time.
Now, let’s look at the smaller assignments. Average page count would be around 20 pages without a borrower copy. Printing cost is $1.40. We will add the $3.00 in fuel, totaling $5.00 if we round up. That leaves you $40. The average time to complete this type of signing is very quick and would be around 15 minutes. Some will take more time and others you will finish way before that. Total time to complete job including drive is around 45 minutes for $40.
So, comparing the 2 average jobs, they actually equal out to the same amount of money made for your time spent working.
What About Remote Online Notaries?
Remote Signings only add to the ease of math. Since travel time is cut out of the equation, the potential to complete more signings in a limited time is available. The question is how much will be made for each signing, which will most likely be less than a mobile notarization.
Mobile signings will remain the gold standard for professional notaries, but remote signings will have their own appeal, especially based on the circumstances involved. There is no mileage or risk of accident when work is done remotely. There are no costs associated with doing a job mobile, no wear and tear, no road rage.
As you can see, remote work is another tool to fit in more signings to maximize your time and resources.
Get Steady Work
Most people don’t look at it this way and miss out on a lot of work. If you want to be a successful notary that is able to do this work full time don’t pass up on these opportunities. Not only does it help you earn more money, at the end of the day it will earn you more business as well. Signing services take note of the people that complete these type of signings for them as they are harder to schedule. The schedulers take note of your name because they know they can count on your services regardless of what type of signing it is. So when the refi’s and purchases come in, you’ll end up being their first call.
Not worth your time? Hopefully this has helped change your view. Next time you get a call for a $45 job, remember that’s $45 added to your income that you didn’t have before. So before you pass up on these smaller jobs, remember, the small jobs add up to big bucks.
In case you were wondering about some of the signing options we perform, check out our services pages for both mobile and remote notaries. Sunshine performs just about any documents that need to be notarized, but those lists are a brief synopsis.
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