Signing Service Secrets Revealed: A Guide On How To Start Your Own Signing Service Service Company

By Gary Pierre-Louis

Signing agents are in high demand! If you are looking to start your own signing service company, you will need both dedication and education to succeed. Gary Pierre-Louis, owner and founder of GPL Mobile Notary Services Inc., finally reveals the secrets that helped him become a high-paid and in-demand signing agent in one of the biggest cities in the world! Whether you are looking to make part-time cash or run a full-time notary company, this book is your answer to achieving your personal and professional goals.

This book is your step-by-step guide on starting a signing business from scratch. You will learn:

What "Signing Services" Actually Are

How to Discover Your Why

How to Discover Your Market Niche

Identifying Your Target Audience

Producing Competitive Market Analysis

Self-Development in Your Career

There are too many great and ethical public notaries that don't move forward with their talent. This is not caused by a lack of passion but rather a lack of knowledge. So, if you have ever tried starting your own signing services company but didn't know where to begin, this book will motivate you to try again.Make your own schedule in a high-demand and high-paying industry that is looking for passionate people just like you to sign on the dotted line!

• Language: English
• Publisher: Boundless Butterfly Press
• Release date: Oct 22, 2021
• ISBN: 9781956526042

Book preview

SIGNING SERVICE SECRETS REVEALED

A GUIDE ON HOW TO START YOUR

-OWN SIGNING SERVICE COMPANY-

By

Gary Pierre-Louis

© Copyright 2021 All rights reserved.

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Published by Boundless Butterfly Press LLC, New Jersey.

Ebook ISBN: 978-1-956526-04-2

Paperback ISBN: 978-1-956526-05-9

Hardback ISBN: 978-1-956526-06-6

Library of Congress Control Number: 2021919510

Printed in the United States of America.

Dedication

To my Mom who devoted her entire life to giving back to others, and who always inspired me to dream bigger.

TABLE OF CONTENTS

INTRODUCTION

What is a Signing Service Company?

What about business?

What Are Mobile Notary Signing Services?

Benefits of Using Mobile Notary Services

WHAT'S YOUR SUPERPOWER?

Discovering your talents

Don’t chase the bag (money isn’t everything)

What’s your why?

WHAT’S YOUR NICHE?

Ask yourself questions

1. HOW LARGE OR SMALL DO YOU WANT YOUR COMPANY TO BE?

2. What states or regions DO you want to service?

3. Attorney states versUs non–attorney states?

4. What type of loans do YOU want your company to specialize in?

Quick recap

How do you identify and dominate a business niche market?

IDENTIFY YOUR TARGET AUDIENCE.

What is a Target Audience?

Why identify a target audience?

Top Tips to Identify Your Ideal Target Audience

Conduct competitor analysis

Make use of market research

Create User Personas

SELF-DEVELOPMENT

Why is Personal Development Important?

The Process of Self Development

Self-Development vs. Self-Improvement

Educating yourself about your industry and who the key players are.

Networking

Notary License

Loan Signing Certification course.

E & O insurance

BASIC STEPS OF FORMING A BUSINESS.

Choosing a company name

Write a business plan.

Assess your finances.

Choose the right business bank.

Determine your legal business structure.

Register with the government and IRS.

Purchase an insurance policy.

Build your team.

Choose your vendors.

Brand yourself and advertise.

CREATING YOUR SIGNING SERVICE COMPANY

Establish your pricing

Develop subcontractor agreements.

Preexisting Platforms

Developing a system

Virtual Assistants

Schedulers

Technology/Apps

Bookkeeping/Accounting software

Creating your notary team

Equipment

MARKETING AND SALES STRATEGIES

What is a sales strategy?

Marketing Strategies

KEY TAKEAWAYS

CONCLUSION

INTRODUCTION

Iam writing this book because I have successfully created my own signing service company, and in the process, I realized that there is not a lot of literature or information specific to this industry.

I have worked as a commissioned notary public in many sectors of the financial industry. I have also always been passionate about entrepreneurship from a young age, watching my parents manage and run several businesses. In the summer of 2017, I was refinancing my personal home mortgage loan, and a notary signing agent came to my home and assisted my wife and me with the closing. I was intrigued to find that you can use your notary commission in this capacity. It was at that point that everything clicked to me – I can combine my passion for entrepreneurship with this new skill set to help pursue my dreams.

This book was written with the intention of easing the process for anyone aspiring to start their own signing service company by sharing my experiences with them.

Before we dive into the steps of starting a signing service company, let's define what a signing service company is.

What is a Signing Service Company?

Simply sit and wait for a call, text, or email asking if you have time for a loan signing session, and you'll get paid $100 (on average) for work that takes about an hour.

As a result, the question inevitably arises – how is this possible? What's more, how does it all work?

A signature service, commonly known as a signing service company, makes it feasible to get business in the method I outlined. Companies that advertise themselves to escrow, mortgage, and real estate brokers to fill loan signing appointments are known as signing services.

After receiving orders from these respective companies, signing services then distribute them to notary loan signing agents.

That notary loan signing agent is the one who receives the job and completes the assignment.

Easy money!

The signature service may be thought of as a broker, acting as a link between those who need loan signings (escrow officers, mortgage officers, and real estate brokers) and those who can execute loan signings (notary public loan signing agents).

This service is perfect for a newer notary that needs the guidance of an experienced person familiar with executing these Real Estate closings without asking the title company or lender directly. It is also ideal for even a more senior notary looking to diversify and supplement different ways to get loan signing work. The signing service takes roughly a third of the signing fee and distributes the remainder to the notary loan signing agent. For example, if a signing fee is $150, the signing service will keep $50 and pay the loan signing agent $100 as commission. But keep in mind that this is an average; some people earn more while others earn less.

A company that hires notary signing agents to execute loan closings for a company or individual looking to finalize real estate deals, i.e., title firms, legal offices, lenders, and other signature service companies, are examples of these businesses. The most common type of company that signing services get their business from are title companies.

The signature service firm acts as a liaison, coordinating the services of a notary signing agent to execute the real estate transaction for which your company has been hired.

Here's How The Signing Service Business Works:

Title companies and lenders contact the Signing Service company via email or phone to find a notary signing agent that can facilitate the loan closing for their client.

The Signing Service company then locates a notary signing agent utilizing their database system. The signing service uses a signing agent database to locate a notary loan signing agent who resides nearest to the signing.

The first available loan signing agent receives the job.

It truly is that easy.

Between title/lender businesses and the notary, signing companies act as a middleman. However, it is reasonable to question why, given that the notary has a phone like the signature service, we shall guess for the time being. The signing service's sole responsibility is to locate a notary for that title business, collect a portion of the earnings, and distribute the remainder to the notary. They accomplish this by utilizing a notary database scheduling platform system, allowing them to take on several tasks and quickly locate notaries for the lender/scheduler or by creating their own unique internal systems (that we will discuss in a later chapter).

What about business?

To understand why title companies, use Signing service companies, it's important first to understand what they do. Title companies, simply put, verify that the title to real estate is legitimately given to the homeowner. They spend most of their time preparing settlement-related documents for their clients (lenders). In addition to that, they are also tasked to find a notary that can conduct the closing for their client – this can be very time-consuming! So, what does that mean for you? Title companies mainly use Signing Service Companies to help secure a professional and reliable notary signing agent to close the loan for their client (lender). The title company isn't required to use a Signing Service Company unless their policy or the lenders require it. So, the easier you make their job for busy title companies, the more they can concentrate on doing their other task.

Another thing to consider is, would a notary signing agent use signing services when they can go directly to the title company and get more of a fee? There are two factors to consider here: 1) Loan signing agent work comes from multiple sources, in addition to title companies, lenders, and signing services. Some of these sources are through platforms. A platform is a website that acts as an exchange, where hiring companies find notary profiles and can reach out to them for services. Also, title and lending companies can gain business through law offices. In addition (though not as common), loan signing work can come directly from a real estate agent. So, suppose the notary signing agent's goal is to make as much money as possible. In that case, it's certainly valuable to them to increase those odds by diversifying the different ways they can get business.

2) For less experienced notaries, having the signing service company help guide them through these closings can be instrumental in building their confidence as they grow their business and reputation. They may not be ready