Learn how to start your own notary business!
March 21, 2022, 8:26:15 PM
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Step 1: Create a Business Plan
This will function as a guidebook to take your startup through the launch process and maintain focus on your key goals.
Step 2: Register Your Business
Registering your business is an absolutely crucial step, it’s the prerequisite to paying taxes, raising capital, opening a bank account, and other guideposts on the road to getting a business up and running.
Step 3: Get Your Notary Commission From Your State
The first step in becoming a successful notary loan signing agent is to have an active notary license (commission). The best part about being a notary public loan signing agent is you don’t need any degrees or experience. You simply need an active notary commission from your state.
Step 4: Learn How to do a Basic Signing Appointment with Confidence
Your next step to becoming a successful notary loan signing agent is to be sure you can do a quality loan signing with confidence. You should know where the borrower signs, what the documents mean, and how you complete a loan signing appointment prior your first appointment.
Step 5: Learn How to do a Loan Signing to Escrow Standards
As a notary loan signing agent, you are the extension of the escrow officer. It’s your job to be sure the borrower feels comfortable signing and filling out the loan documents. In other words, you need to be sure they fill out the loan documents to escrow standards. If you learn this, you will be better than the vast majority of loan signing agents and you will get repeat business.
Step 6: Register for Taxes
The final step before you’re able to pay taxes is getting an Employer Identification Number, or EIN.
Step 7: Apply for Licenses/Permits
Starting a notary business requires obtaining a number of licenses and permits from local, state, and federal governments. You need to complete training and take a test to be licensed as a notary in your state.
Step 8: Build Your Team
If you’re starting out small from a home office, you may not need any employees. But as your business grows, you will likely need workers to fill various roles.
Step 9: Get Business Insurance
Business insurance is an area that often gets overlooked yet it can be vital to your success as an entrepreneur. Insurance protects you from unexpected events that can have a devastating impact on your business.