The signing companies are really struggling for loan signers inc CA and that' because we
are down to 159,900 notaries and there are just not enough of us that know how to
do loan signings.
I teach notary classes and we have lost almost 140,000 notaries in the last 4 years and we have almost put no one into the notary/loan signing industry in those years.
Approx 6 months ago I was teaching a notary class and one of the students said they were going to start a signing company and I asked what they were going to pay and they $65 total.
I told her she might be able to get some notaries outside of CA to work for that price but
CA doesn't have enough loan signers and all she will get is the "notaries who have no idea of what he/she is doing.
This company has since posted about notary errors costing them business. DUH.
I had another experience about a month ago at a notary class ( while I was checking in students) I could hear a woman comfirming 5-6 appointments on her cell .
I joked with her that she seemed to be as busy as I am and I asked her who she worked for?
She works for the 3 companies that give notaries a lot of signings in the $60-$75 range and pay without a problem with a lot of fax backs.
I asked her why she works for them and she said she get volume and at this point she doesn't have to do fax backs which tells me she is a very good loan signer.
I was impressed with her ( she knew her stuff) and I finally understood who works for these companies; she just doesn't know how to market herself and she is comfortable with the volume.
I told her go sign up with Notrot as premium member and sign up with all the 4-5 star companies.
I told her in CA no one needs to work for less than $100 with her experience.
She is doing 6 signings a day to make $300 -$400
I am doing 4 signing tomorrow and making $575
I know some other states have a too many notaries and it's difficult to get the fees that a CA notary can receive.
She had her son in the notary class.
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