Posted by Calnotary on 7/28/09 4:08pm
Msg #297755

Some notaries here earn more than 100k,

but look on this website what some of the SS are making out of the notaries work.

http://www.manta.com/coms2/dnbcompany_f6yqdc


I wonder how accurate their info is.

Reply by Les_CO on 7/28/09 4:33pm
Msg #297760

Sounds like BS to me! They would have to average over 25 to 65 closings a day to gross that, and There is a BIG difference between gross and net in the SS business. JMO

Reply by jojo_MN on 7/28/09 4:38pm
Msg #297764

That is Nations Direct....

They charge XXX and pay the notary XX. If they have one notary closing one loan in each state each day, that would be 52 closings in one day. I wouldn't be surprised if they close 100 per day. They only have four employees according to the link.

Reply by jojo_MN on 7/28/09 4:39pm
Msg #297767

Sorry...meant Notary Direct n/m

Reply by Les_CO on 7/28/09 4:46pm
Msg #297770

Re: Sorry...meant Notary Direct

I don't think that this Co is Nations Direct...They could do that volume, a pretty big outfit. IMO

Reply by jba/fl on 7/28/09 4:58pm
Msg #297775

Re: That is Nations Direct....

"If they have one notary closing one loan in each state each day, that would be 52 closings in one day."

What are the other two states that weren't around yesterday? Why wasn't I notified? Are you using Obama's state count? I'm confused....

Reply by jojo_MN on 7/28/09 10:03pm
Msg #297807

Cuba and Puerto Rico? Oops! n/m

Reply by jba/fl on 7/28/09 10:35pm
Msg #297811

ROFLMAO! n/m

Reply by Stamper_WI on 7/28/09 10:44pm
Msg #297814

Optimist n/m

Reply by Bob_Chicago on 7/29/09 7:38am
Msg #297829

Washington DC for sure ,and maybe Puerto Rico n/m

Reply by ME/NJ on 7/28/09 4:36pm
Msg #297762

So I have one too. Listed on DNB in 2004 for lines of credit and business loans. Here is mine.

http://www.manta.com/coms2/dnbcompany_h98k82

Reply by Les_CO on 7/28/09 4:40pm
Msg #297768

Now yours I could believe.

Reply by Charles_Ca on 7/28/09 4:38pm
Msg #297765

I, perswonally know some notaries are making more than

$100K a year doing signings. They are busting their butt but they are making it. I am not surprised that Signing Services are doing well because based on the escrow fees paid notaries are getting the short end of the stick because there are many many more who make a pittance. those notaries who take the $40 signings re letting the Ss get the balance of the fee which is frequently about $160. We all know a few of those. for those we know there a lot omore who don't say anything and think they are creating a great business. There are none so blind as those who will not see.

Reply by Les_CO on 7/28/09 4:52pm
Msg #297773

Re: I, perswonally know some notaries are making more than

Some Notaries aren't just 'notaries' They are businesses, and often teams. And some do more than just 'signings'. I say it would be VERY difficult for a single notary signing agent to do the kind of volume necessary to even gross that kind of money, let alone actually make it. (in their pocket) JMO

Reply by Charles_Ca on 7/28/09 6:22pm
Msg #297783

I stand by my comments, Les! n/m

Reply by Les_CO on 7/29/09 10:34am
Msg #297869

Re: I stand by my comments, Les!

I’m not saying it’s not possible…Just IMO unlikely, given today’s market, and the logistics involved. If you know someone that’s doing this well, please give them my congratulations.

Reply by AngelTX on 7/28/09 6:39pm
Msg #297786

Re: I, perswonally know some notaries are making more than

i looked myself up and it said i made 100k, well, I guess someone must be taking my dinero, cause i am not making that! lol

Reply by Charles_Ca on 7/28/09 11:52pm
Msg #297821

Some laugh, and some laugh all the way to the bank...

I don't make anywhere near that much as a notary, so I'm not one of them but I do know some that do.

Reply by John_NorCal on 7/28/09 4:39pm
Msg #297766

***I wonder how accurate their info is.**

About as accurate as making $2,000 a signing in affluent areas I bet.

Let's play with some numbers:

$100,000 div into 12 months = $8,333 per month or $2,083.25 per week

working 40 hrs a week averaging 1.5 hours per signing = 26.67 signings per week divided into $2,083.25 = $78.11 per signing

Question is how many signings per week can the average SA realistically do even in the best of times?

Reply by Lee/AR on 7/28/09 4:59pm
Msg #297776

Well, first--no $78.11 signings. Do the math at $125/pop x 4/day X 5 days/wk. X 52 weeks is $130,000--gross. Possible, yes. Probable, no. But I know a few who do it. If you can make $150-$175/pop, it gets better still. The 4/day and 5 days/week is the hard part, but getting more than $60 - $90/signing is just a matter of saying "No".... You control that--or not.
And that $2,000 figure? I'm sure that was what an LO makes, low end--she was a bit confused by the HUD, I'd guess.

Reply by mwm143 on 7/28/09 5:23pm
Msg #297777

$2000 for closings..

That's what the notary class instructor was telling the students. "But only if you were lucky enough to get closings in affluent areas." It was absolutely appalling, to say the least. I can only imagine that her classrooms were filled at each session!!

Reply by jba/fl on 7/28/09 5:24pm
Msg #297778

This message # ending 777

is akin to 666 almost - lol

Reply by mwm143 on 7/28/09 5:25pm
Msg #297779

Re: This message # ending 777

OR. 777 like on a slot machine!!

Reply by John_NorCal on 7/28/09 6:49pm
Msg #297787

Agree Lee, I just wanted to point out the

ridiculous scenario.

Reply by sue_pa on 7/28/09 8:32pm
Msg #297794

"reconfiguring" your math

$100,000 a year divided by $150 per order = 666.67 orders a year divided by 52 weeks = 12.82 orders a week x the 3 hours per order used in prior examples = 38.46 hours a week of work ... naturally these are gross figures.

Reply by Teddog/CO on 7/29/09 7:17am
Msg #297827

Well low-ball notaries let that be a lesson to you. SS get the mine and notaries get the shaft. Think of those numbers when you take some crappy $65 signing.

I will never believe that one notary working alone can make 100K a year being a notary. Ha! Do you realize how many signings that is. Plus you can only be in one place at a time. You would need to have a staff of xxx people and also be located in an area that tends to get more business then others. Places like Colorado and other states with a lot of rural areas the distance alone makes it impossible. Somes states are just not as busy as others.

I promise you all when I make 100K doing this "The drinks are on me."

You all have a great week and keep the shiny side up

Reply by Bob_Chicago on 7/29/09 7:44am
Msg #297830

"when I make 100K doing this "The drinks are on me"

Next time you are in ChiTown, Ted, look me up.
I will buy you a drink, and maybe give you a peek at
my Schedule C

Reply by Teddog/CO on 7/29/09 10:46am
Msg #297871

That's a deal Bob! haven't been to ChiTown in years. n/m

Reply by MW/VA on 7/29/09 8:29am
Msg #297845

Now we know where the NNA gets the grit for their marketing campaign & notaries who EXPECT to earn 6 figure incomes. I'm not saying it's impossible. I know that I don't have the physical capabilities of doing those kinds of ###s. That's fine, and I've more than exceeded the goal I set when I got started.
Again, KUDOS to those who are doing so fantastic. I raise my glass to toast you (even if it's iced tea).
Happy Signings!

Reply by 101livescan on 7/29/09 9:07am
Msg #297853

It is possible to make $100K a year at this business. Not like the old days, however. one will work harder, for less money, just like the rest of the industry. Gotta put more out there, advertising, grit, and answering your phone when it rings. If you don't pick up your phone and a caller goes to your voice mail, you'll likely miss it, they'll dial up the next name on their screen. I will say most of my calls come from two sites, primarily, this one and one other I can't name due to NR policy.

Car Signs! Sure has boosted my business. Since I am on the road most of day, this is better than most other advertising in my local area.

Reply by JanetK_CA on 7/30/09 2:59am
Msg #297984

Another way of looking at it...

If we start from the assumption of $100,000 per year and divide that by 50 weeks (assuming two weeks vacation), that equals $2,000 per week. How doable you think that is has a lot to do with how much you receive per signing. If you assume an average of $125 (some more, some less - not at all unrealistic if you're working direct), that's an average of 3.2 signings per day. If you average $150 per signing, it's even fewer appointments on average.

I have no doubt it can be done in urban areas. (I have to admit this is still theory for me. I've often done 3 or more appointments in a day, but *every* day? And with that average per signing? Not quite there yet!) That would require someone to be very well established, either with companies that will allow you to schedule your own appointments or enough volume to allow for requests for the same time slots. Of course, there are lots of other things required, as well. But getting to that point is going to take some serious hard work over a very long period of time. I'm talking years, not weeks or months. And that means investing lots of time marketing and promoting in addition to all the time spent in actually carrying out appointments and dealing with all the admin that goes along with it.

It seems to me that XYZ is promoting that income level as a reasonable expectation for the average NSA, rather than a possibility for the exceptional few. Big difference!