Posts taken from #131581 - applies to all areas in the USA.
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help in michigan
Posted by rhonda whaley of MI on 7/7/06 5:39pm
Msg #131581
how do i get started in michigan as a loan signing agent are there alot of jobs in the michigan area like wayne oakland and macomb conties please help
Re: help in michigan
Posted by Dorothy_MI of MI on 7/7/06 5:58pm
Msg #131588
Rhonda, It will be very hard to get started in Michigan as a loan signing agent. Read todays newspaper about the real estate business in Michigan and the refi business is not far behind it. Four and one half years ago when I started really all you needed was a seal, a car, a cell phone, a fax and still breathing to get work. Today is a whole other story. Usually the last week of each month and the first week of each month are good bread and butter times for me. Not this past month. In fact, I'm leaving here shortly to go on my first signing of this whole week and it's already Friday. I got one from one of my regulars for tomorrow, Saturday and that is all the work so far for July and Monday will be the 10th, 1/3 of the way through the month.
You don't say if you have any experience at all in loan signings. If not, this definitely would not be the time to break into this business. Thanks to the NNA and their wonderful seminars telling people how easy this business is and how lucretive, we now have a very large pool of notaries chasing a rapidly deminishing pool of work. If a signing service can choose between an experienced loan signing agent and someone who has never done one before in their life, who do you think they will call. I'm not trying to be mean or hateful, just telling the realities of this profession. And if you are thinking that you will be able to just do this nights and/or weekends and supplement your income, I can tell you it will probably be a NEGATIVE cash flow.
To really make a success of this business you need to be available 24/7, willing and able to accept last minute assignments, be willing to almost eliminate all social life, work every waking hour that you are not doing signings, preparing for signings or preparing docs for shipment on marketing, marketing, marketing. Do you have any background in this field? And be prepared to go 3 to 4 months before you get your first call.
I live in the center of Oakland county and there are over 200 notaries within 20 miles me and that doesn't even cover Oakland County. Do you have a reliable car because if you go into this you will put a LOT of miles on your vehicle and gas is still in the $3.00 gallon range. There is a lot to consider before you even think seriously about going into this profession at this time. The first few months I can guarantee that you will be shelling out a lot more money than what will come in your mailbox.
Re: help in michigan for dorothy
Posted by rhonda whaley of MI on 7/7/06 6:06pm
Msg #131590
I have been a notary for 5 years just never really thought about the loan signing business until recently, my sister lives in Knoxville TN. and she makes alot of money there and only been doing it for about 6 months I just thought the same opportunity was in michigan since michigan was a bit larger than knoxville. but thanks for the input
Re: help in michigan for dorothy
Posted by Dorothy_MI of MI on 7/8/06 10:02am
Msg #131736
Rhonda, although the Detroit Metro area is a LOT larger than Ktown, it also means that it was very attractive for the NNA to set up seminars here. That perhaps has not happened in Knoxville (not enough population to make it that profitable for them). Go to "Find a Notary" button and put in your own zip code and it will tell you how many members of NotRot are within 20 miles of you; then type in your sister's zip code and see how many are in her area. This will give you an idea of the amount of competition you will be facing. Of course, that does not list every signing agent in the area, just the ones who've signed up with NotRot.
I understand that you've been a notary for 5 years, but unless in that 5 years you've done at least some loan documents you are still a newbie. Notarization is just a very small part of the job we do, albeit an extremely important part. Can you read and understand a HUD? Can you understand an adjustable rate note or heaven forbid a "pick a payment plan"? Do you know what a 1003 is? Can you explain the TIL and the difference in the interest rate? Do you have a business plan? Do you have reliable transportation? Do you have a computer with high speed internet access? Do you have a fast laser printer? Cell phone, Fax, etc.? Do you have a credit card with a decent available balance because unless you have a nice nest egg you will be needing it to purchase your tools of the trade. Are you willing to make the sacrifices to make this business a success? OR, are you just looking to pick up some "pin money" doing this evenings using your employers phones, time, computers, printers, paper, etc.? If your answer to the final question is yes, then you really are not serious about this business or profession and are just viewing it as another get rich quick scheme and we won't be seeing yuur name on the board very much in the future.
Those of us who have been here for any length of time, see people come on all the time. They post or reply to almost everything, really gung ho and when the reality of this business sets in, they move on to something else. To be a success in any business, the most important ingredient is tenancity! And patience! And being able to take rejection and let it roll off your back!
As I said earlier, these are just some of the points to ponder.
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| Messages in this Thread |
|  Almost everything you need to know to become successful - Dorothy/MI on 4/22/05 11:00am |
|  Good job, Dorothy-MI! n/m -  Brenda Stone on 4/22/05 11:07am |
|  Thank you again, Dorothy and Brenda, et al!! - Mary Mantz on 4/22/05 4:42pm |
| further evidence of a slow down - anon on 4/22/05 11:48am |
| Loan Signer Training - Anya/LA (CA) on 4/22/05 1:04pm |
|  Re: Loan Signer Training - MaggieMae_CA on 4/22/05 3:23pm |
| Re: Loan Signer Training - Mary Mantz on 4/22/05 4:45pm |
| Added to thread #33325-Counter-point View- NSA training - BrendaTX on 7/13/05 9:06am |
| Re: Loan Signer Training - Carlos/CA on 12/10/10 12:10pm |
| Re: further evidence of a slow down - Stephen_VA on 4/22/05 2:51pm |
| Re: Almost everything you need to know to become successful - chelleCA on 4/22/05 2:11pm |
| Re: Almost everything you need to know to become successful - Knotaree DC on 4/22/05 3:49pm |
| Re: ALMOST everything you need to know to become successful - JanetK/CA on 7/18/05 12:33am |
| Details and Accuracy are Important - adding to #33325 - BrendaTX on 7/14/05 11:00am |
| Re: Almost everything you need to know to become successful - Laura_NH on 4/22/05 10:50pm |
| Re: Almost everything you need to know to become successful - Sansan7 on 5/18/05 9:11pm |
| Re: Almost everything you need to know to become successful - David Woodul on 5/30/05 5:30pm |
| CA-Almost everything you need to know to become successful - Elda Garibay on 6/1/05 2:17pm |
| Re: Almost everything you need to know to become successful - sweetpea, al on 6/1/05 5:50pm |
| Re: Almost everything you need to know to become successful - nkroyall on 6/7/05 4:17pm |
| Additional information - Not an entitlement - Dorothy/MI on 6/13/05 8:57am |
| Bookmark 'em - BrendaTX on 6/13/05 9:32am |
| Re: Additional information - Not an entitlement - Judith_VA on 6/13/05 3:00pm |
| Re: Additional information - spell check - SamIam_CA on 6/13/05 3:27pm |
| Recommended Reading: As a new NSA..here is my perspective - BrendaTx on 6/13/05 9:32pm |
| Re: Recommended Reading: Added Nicole to #33325 thread n/m - BrendaTx on 6/13/05 9:33pm |
| Re: Additional information - Not an entitlement - NJDiva on 9/29/10 10:00pm |
| Adding to "Success" thread #33325 - Here's eDoc practice. - BrendaTx on 6/13/05 9:36pm |
| HP Printers/Printer Command Language (PCL) by PAW_Fl - BrendaTX on 6/17/05 8:51am |
| Re: Adding to "Success" thread #33325 - Here's eDoc practice. - katsr_CA on 8/31/05 2:40pm |
| Re: Adding to "Success" thread #33325 - Here's eDoc practice. - DTNotaries on 3/16/06 6:59pm |
| Re: 2nd link doesn't work any longer - Jodith/WA on 1/2/10 6:25pm |
| Jodith, this is a very old thread (4 years) - BrendaTx on 1/2/10 6:31pm |
|  Re: Jodith, this is a very old thread (4 years) - Jodith Allen on 1/2/10 6:39pm |
| Re: More advice from Brenda/TX - Dorothy/MI on 6/16/05 9:55pm |
| Beginner's FAQs (Compliments of AngelinaAZ) - BrendaTX on 6/17/05 5:13am |
| Making the Confirmation Call...by Iris-WA - BrendaTX on 7/12/05 2:56pm |
| What Ernest CT says about the Confirmation Call - BrendaTX on 7/12/05 2:58pm |
| Why people are reluctant to post TC info from Nd_WA - BrendaTX on 7/21/05 8:10am |
| Re: Why people are reluctant to post TC info from Nd_WA - tfarmertx on 7/23/05 8:02pm |
| Acronyms regarding loans by Brian/CA - BrendaTX on 7/21/05 9:07pm |
| Re: Acronyms regarding loans by Brian/CA - linda/ca on 7/23/05 9:51pm |
| Re: Acronyms regarding loans by Brian/CA - linda/ca on 7/24/05 3:19am |
| End of Month - Bonnie/FL Explains - BrendaTX on 7/24/05 12:48pm |
| Accepting an Assignment / Quoting Fee / EOM (+ to #33325) - Brenda Stone on 7/26/05 4:13am |
| Small claims court for #33325 by Nicole & by Melody - BrendaTX on 7/26/05 5:05am |
| Quoting your fee to SS's...ASK like THIS - TCMN on 7/26/05 5:19pm |
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| Clues to spotting a Signing Services to void by Charles_CA - Iris Grayson on 9/19/05 4:11pm |
| Pricing and Fees by NorCalDar on 10/7/05 - BrendaTX on 10/7/05 1:47pm |
| Re: Pricing and Fees by NorCalDar on 10/7/05 - Nathan Ellsworth on 10/19/05 11:19pm |
| I disagree - the $10 @ is justified - ALL SONOMA MOBILE NOTARY - Judith Neeley on 2/19/08 9:13pm |
| Required Reading - NSA 101-Orientation by Roger OH - BrendaTx on 11/14/05 3:56pm |
| Required Reading - NSA 101 - UPDATE to #33325- by Roger OH - BrendaTx on 5/17/06 5:24pm |
| Adding #76283 to the thread of Message #33325 - BrendaTx on 1/27/06 12:21pm |
| Jersey Boy's 2 cents... Adding to #33325 - BrendaTx on 2/3/06 10:21am |
| Re: Almost everything you need to know to become successful - Brenda Stone on 2/5/06 3:50pm |
| For Income Tax starting place, see Msg #94550 - BrendaTx on 2/5/06 3:52pm |
| A Lesson on Attitude for New SAs... - BrendaTx on 2/9/06 3:00pm |
| A Lesson on Attitude for new SA's .... by JanetK_CA - TitleGalCA on 2/9/06 8:27pm |
| above post by JanetK_CA, not TitleGal N~M - TitleGalCA on 2/9/06 8:28pm |
| Posted from msg 95364 - Brenda_TX - Newbie Msg for Today - Dorothy_MI on 2/10/06 2:37pm |
| Re: Posted from msg 95364 - Brenda_TX - Newbie Msg for Today - lulu on 2/10/06 3:11pm |
| Msg List - Going Mobile - adding to #33325 (From BeccaFL) - BrendaTx on 2/13/06 10:20am |
| Mobile Office - adding to #33325 (From BeccaFL) w/ Keywords - BrendaTx on 2/13/06 10:25am |
| From CharlesCA - Adding to 33325 - True Professional Society - BrendaTx on 2/13/06 3:07pm |
| Tina of MA re: Fees - When to renegotiate a fee - BrendaTx on 3/28/06 4:06pm |
| The Other Side of the Coin (back by popular demand) - BrendaTx on 3/28/06 5:04pm |
| Discussing the title company solicitation....added to #33325 - BrendaTx on 3/31/06 2:55pm |
| No HUD with the package from PAW-FL //added to #33325 - BrendaTx on 4/2/06 12:59pm |
| Signing errors through the lenders eyes by Renee Kovacs - TitleGalCA on 4/5/06 11:31pm |
| Re: Almost everything you need to know to become successful - Anonymous from 71.66.111.249 on 4/30/06 6:24pm |
| Deed of Trust/Mortgage by Atty - Kevin/CT added to #33325 - BrendaTx on 5/2/06 12:28pm |
| Re: Deed of Trust/Mortgage - PAW - Added to #33325 - BrendaTx on 5/2/06 12:30pm |
| Notary Certifying Copy - See Thread beginning w/Msg #117135 n/m - BrendaTx on 5/2/06 12:32pm |
| Additional Info -- especially if you live alone - Dorothy_MI on 5/5/06 1:28pm |
| Manufactured Homes / Finding Info by Lawrence OK - BrendaTx on 5/7/06 7:55pm |
| Adding to #33325 - My First Signing & Marketing by eboughey - BrendaTx on 5/11/06 7:43am |
| Adding to 33325 - StamperWI - Standard Fees Calculation - BrendaTx on 5/12/06 9:18am |
| Msg to New Signing Agents from Sylvia_FL added to #33325 - BrendaTx on 5/17/06 11:44am |
| Demand for payment letter - adding to 33325 by droman_IL - BrendaTx on 5/18/06 7:22am |
| New Signing Agents-Read This First! Adding to #33325 Marlene - BrendaTx on 5/19/06 9:24am |
| Signing prior to printed date ReneeK - added to 33325 - BrendaTx on 5/19/06 9:32am |
| Re: Signing prior to printed date BarbaraL-CA added to 33325 - BrendaTx on 5/19/06 9:37am |
| How to get help on this forum - CaliNotary added to 33325 - BrendaTx on 5/19/06 4:48pm |
| About Backdating... by ReneeK adding to 33325 - BrendaTx on 5/22/06 1:59pm |
| Professionalism and Responsibility - BrendaTx on 5/27/06 2:22pm |
| Apostille (or apostilles) Adding to #33325 [by Gerry VT] - BrendaTx on 5/31/06 5:55pm |
| Addition to 33325 - First & Second by ND-WA and CMS-NY - BrendaTx on 6/1/06 10:39am |
| By BrendaTX 5/26/06: *...for those who understand business* - Ndwa on 6/2/06 4:20pm |
| Id on the Amish - Stamper/WI - adding to 33325 - BrendaTx on 6/6/06 7:04pm |
| Newbies - a lesson on attitude by Janet K - adding to 33325 - BrendaTx on 6/8/06 10:54am |
| Date Clarification - Roger OH - adding to 33325 - BrendaTx on 6/23/06 2:52pm |
 | Considerations for getting started/Dorothy MI /add to #33325 - BrendaTx on 7/9/06 1:15pm |
| For the Newbies.. Things to carry with you/ADDING TO 33325 - Brenda Stone on 7/17/06 1:24pm |
| More Things to carry with you/ADDING TO 33325 - BrendaTx on 7/17/06 1:41pm |
| Re: More Things to carry with you/ADDING TO 33325 - BrendaTx on 7/17/06 1:55pm |
| Re: More Things to carry with you/ADDING TO 33325 - Brad/AZ on 4/3/07 2:30pm |
| Slow down in Business - Surfers or Signers - add to #33325 - BrendaTx on 7/19/06 2:11pm |
| Adding to 33325 - From One Newbie to Another - Great advice - BrendaTx on 8/12/06 12:05pm |
| Re: Adding to 33325 -Check list of compter needs for working - hcampersFL on 10/30/06 7:10am |
| From one Newbie to another…Sharon Nunley - BrendaTx on 2/9/07 6:43am |
| Re: From one Newbie to another…Sharon Nunley - BrendaTx on 2/9/07 6:44am |
| History of the loan industry and how it affects NSAs today - Laura Vestanen on 3/18/07 6:36pm |
| If you're a newbee and take $50 signings, PLEASE read - Laura Vestanen on 4/2/07 7:54pm |
| Update to Famous Message 33325 - Tim_Mphs/TN on 4/28/07 3:02am |
| Re: Almost everything you need to know to become successful - Stella Gonzales on 5/3/07 7:23pm |
| Dressing Professionally - by kcg/IN - adding to #33325 - BrendaTx on 5/4/07 12:12pm |
| All of the VA Crespa questions - by Shannon Va- +'d to33325 - BrendaTx on 5/28/07 9:18am |
| First, learn the basics of signing. Added to #33325 - BrendaTx on 9/4/07 6:41am |
| Important for NSAs in Illinois, Maryland, So Carolina, Mass - Laura Vestanen on 11/11/07 5:35am |
| Before you think about starting - by CJ in CA - add to 33325 - BrendaTx on 11/15/07 2:47pm |
| NSA Professional Standards - MistarellaFL on 8/16/08 11:36am |
| The Client/Vendor Relationship -- a MUST see video!! - Marian_in_CA on 5/31/09 4:28pm |
| True skinny: Notary advocate / presentment / honor-dishonor - Laura_V on 10/1/09 5:54pm |
| Re: True skinny: Notarial protest / certificate of dishonor - Robert/FL on 11/12/09 11:51am |
| Believe in yourself! - John_NorCal on 10/24/09 10:22am |
| Forgot to add..... - John_NorCal on 10/24/09 12:52pm |
| Our fees + their relevancy to state of industry - Laura_V on 10/29/09 11:25am |
| Re: What is a good rate to set and keep? - Laura_V on 11/25/09 11:57am |
| A perspective on our business Posted by JanetK_CA 1/5/10 - Laura_V on 1/5/10 6:34pm |
| Post by Les CO re the current state and probable future of.. - Laura_V on 1/12/10 10:05am |
| Better is not always cheaper & Cheaper is not always better - Moneyman/TX on 12/4/10 1:11am |
| You are an Independent Contractor...not an employee... - Lee/AR on 4/12/10 8:16am |
| Buddy's Lessons - For New Notaries 101 - BrendaTx on 6/2/12 9:03am |
| SS&TC Research Our Industry-We are Certified for God's Sake - bygrace/PA on 6/21/12 6:33pm |
| Decide if you are a Checker, Poker or Chess Player - bygrace/PA on 6/21/12 6:37pm |
| Tipsabout using signing central and NR forum from NJDIVA - SheilaSJCA on 8/23/12 11:07am |
| Please send information to... - Olivia Mosley on 1/13/15 11:56am |
| Olivia Mosley - you are in old files - jba/fl on 1/13/15 8:05pm |
| Sequence of events - Lender to NSA by Deborah Breedlove - BrendaTx on 9/27/12 10:15pm |
| Re: Almost everything you need to know to become successful - Janice Stephens on 10/19/12 12:36pm |
| Don't work for Low Ball, No Pay Companies - BrendaTx on 10/20/12 1:46pm |
| Sample Loan Document Package - BrendaTx on 11/25/12 3:58pm |
| Re: Sample Loan Document Package - HisHughness on 11/25/12 4:23pm |
| LOL~! n/m - BrendaTx on 11/25/12 7:45pm |
| Key Tools for Maximizing NSA Success (adding to 33325) - BrendaTx on 2/4/13 6:32am |
