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March 23, 2019

To do well with a high placed listing, you need 6000 loans signed

If you want to purchase a high placed listing, I recommend it. However, to do well, you need experience, good communication skills, reviews, and knowledge. In short, you need a package of skills to do well on our directory. But, how much experience do you need?

In my opinion which may or may not add up in today’s world, your knowledge takes precedent over your experience. I would rather hire someone with 500 loans signed who can answer my hardest questions. Someone with 20000 loans signed who knows nothing and has been winging it all these years is less valuable because I think they are incompetent. I do not hire notaries, but those that do have their own standards. they want experience, but when I ask them “how much” experience, the answers are very wishy-washy. Generally people ask for two years of experience. But, when I interview Notaries with two years of experience they often have not signed a single loans.

Expressing experience in terms of loans signed is better than years in my opinion because it is a more accurate reflection of what you have actually done. However, people lie on their number of loans, or fail to update their number for years on end which leads to inaccurate information.

What I learned crunching numbers is that the Notaries who do well in high spots on our site typically have a median of about 6000 loans signed. 6000 real loans, not a fake number you input into your profile when you login. I am assuming that our # of loan data is roughly true for the most part although there are always liars.

This is not to say that those with less loans will not do well with a high spot. But, if you have less experience, you need to compensate for that by doing a lot of studying. Test results matter more for newer Notaries than for more experienced Notaries on our site according to my number crunching. Notary Public 101 is a nice course on our blog where you can learn the basics of Notary procedure, acts, vocabulary, real life scenarios, and loan documents. It is a very popular course and comes highly recommended.

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2 Comments »

  1. Let’s assume you have work 300 days each year (truly unrealistic) but makes for easy math

    To reach that 6000 total you would have to do (on each of the 300 work days per year).
    20 a day in one year
    10 a day in two years
    5 a day in four years
    1 a day in twenty years

    Better eat your Wheaties

    Comment by Kenneth Alan Edelstein — March 23, 2019 @ 9:05 pm

  2. How about 5999 signings, would that be just as good?

    Comment by admin — March 24, 2019 @ 7:02 am

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