Signing Services Could Make You More Money

It has long been thought that title companies are the holy grail for the loan signing agent. They pay the most money, so naturally you are going to want to concentrate your time and effort on these contacts. Lacey Horton, posted an interesting blog on her ActiveRain site: http://activerain.com/blogsview/232810/When-you-can-Work. She lays out the actual costs of a title company job versus a signing service job. What she discovered in this scenario, that the signing service was a higher hourly wage than the title company. Granted, this was based on several variables that likely will change from job to job, but here analysis brings up a good point. Many times notaries do not look at the bottom line profitability of an assignment. Instead they look at the income only. It is a good idea to create cost estimation of each of your services, such as cost per page printed and cost per mile driven. Once you know how much these items cost you, you will know what to charge and whether to accept an assignment or not.