By Mark Wills - Course Instructor of Loan Signing System, Forbes Real Estate Council Member, and Best Selling Author
I’m frequently asked, “what are the exact notary supplies you need to be a notary public loan signing agent and where can I get them?”
If you're just starting out your notary loan signing agent career, or just interested in what it takes to get started, understanding your start-up costs is important.
In this article, I’m going to share with you the exact notary supplies you need to start your notary public signing agent business....
I’m so excited to share this list with you, because there is not a more lucrative business that has lower start up costs than being a notary loan signing agent!
As a bonus I’m also going to share with you the best way to save tons of money on your notary supplies!
Loan Signing System has partnered with Staples and their Staples Advantage Corporate Discount Program to get you the lowest prices on notary office suppliesbecause we’re always trying to help you build the very best signing agent business possible!
Lower Expenses Equals More Profit:
My best piece of advice on getting your notary supplies is understanding that fancy notary supplies aren't going to win you more business but controlling your expenses will always make you a more profitable signing agent. If you choose to get your notary supplies outside of the Staples Advantage program make sure you are not over paying!
Speaking of controlling costs-here is the absolute minimum you need to get your signing agent business off the ground.
And remember-ALL notary supply costs (including the cost of the Loan Signing System) necessary to run your business are tax deductible!
GET INVITED TO THE STAPLES MEMBERSHIP
Start Up Costs to Become a Notary Public
Start up supplies for a signing agent should be divided into supplies needed to be a notary public and then supplies needed as a loan signing agent.
The supplies needed to be a notary public are so minimal (if you are already a notary most of these do not apply!)
- Notary Stamp-$15
- Bond (if required by your state) $40-$50
- Notary Journal (if required by your state) $16
- Thumbprint (if required by your state) $8
As you can see, less than $100 bucks on average! (Except for the bond these are staples advantage pricing)
Start Up Costs to Become a Loan Signing Agent
Once you have your supplies as a notary public, you can get your supplies as a notary loan signing agent. There are a few more items to invest in, but the start-up costs are still extremely low compared to other small businesses!
- Messenger Bag - $21
- Letter Paper - $12 (cost goes drastically down as you buy more)
- Legal Paper - $9 (cost goes drastically down as you buy more)
- Blue Pens (dozen) - $2.50
- E and O Insurance - $20 per month (payment plan)
- Dual Tray Laser Jet Printer *fluctuates depending on brand
- Multi Page Scanner *fluctuates depending on brand
See How Much You Can Save!
download the savings brochure
Now, the biggest notary “start-up” supply cost will be a dual tray printer and a scanner.Click here to read why you need a dual tray printer. These costs will fluctuate depending on brand and how fancy you want to get.
In fact, some students of mine buy their printer and scanners on the secondary market (Craigslist, facebook marketplace, offer up, or Ebay) and find absolute steals on these electronics lowering their start-up costs.
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Start Up Costs Are Lower if You Get Business Directly From the Source
If you get signings directly through mortgage professionals they will print docs for you and no scan backs are needed-meaning, no need for a printer or scanner!
However most new signing agents will work with signing services to start so I do highly recommend getting a printer and scanner.
Get a Laser Jet Dual Tray Printer
While brand does not matter-obtaining a laser jet printer is an absolute must, remember inkjet printers do not work for signing agents. . Your printer does not have to “dual tray” it can be a single tray but since most loan docs come over as legal and letter size papers it is my strong recommendation to get a dual tray as it will automatically print the size it needs. If you choose to go a single tray you will need to readjust the paper tray size to print the 2 different sizes. I also recommend a multi page scanner-again getting a single page scanner may be less expensive but will take you an hour to scan back a set of docs.
And there you have it! A bag to carry your loan docs, a couple reams of paper, pens, E and O insurance, printer and scanner and you are set for your first signing! Now the only thing that I don't buy on Staples is my errors and omissions insurance. I recommend $100k of coverage as that is what title companies require. I get my E & O Insurance through Notary Rotary.
Again, as a value add to your business I negotiated the rock bottom prices with Staples for all of your signing agent supply needs.
SIGN UP TO START SAVING ON YOUR NOTARY SUPPLIES
Click below to join staples advantage program for FREE-whether you’re an LSS student or not! www.loansigningsystem.com/staples
You can now save time and money while growing your business!
Once you sign up through this link, it will take 2 to 3 business days before you get your login information and after that you’ll be ready to rock and roll with those Staples discounts!
So there you have it… the complete list of supplies you need to get started as a notary loan signing agent, as well as how to save a ton of money as you start your business.
I’m Mark, I teach the Loan Signing System and I’m looking forward to helping you become a top loan signing agent!
Click the link below if you're ready to start learning how to grow a successful signing agent business:
