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September 1, 2014

$30 loan signings. Is it worth it even in the best of circumstances?

Believe it or not, there are companies out there offering signings for $30 and $35. Can you believe this? The nerve of some people to offer a notary such a small amount of money for such a huge headache. Even if you are signing only one document, the headache of trying to send documents back, invoice, get paid, and schedule is simply not worth it.

I remember that when I was a notary I did an assignment for $30. It was a single document. I actually got a few assignments like this. When I did regular mobile notary work for offices, I would charge about $35, but they would pay me cash on the spot. There was no waiting for payment or wondering if I would get paid. It was immediate gratification.

Back when I was first starting out in 1999, Nation’s Direct gave me signings for $30. But, I was not expected to walk the borrowers through the loan. One of their staff members did it over the phone. All I had to do was notarize a few signatures and wait for their phone call to end. It was not the best pay, but this is how I got started in the business, so I don’t regret it. But, if I was offered this type of pay now, I would have a fit!

Even if a $30 signing is within a mile and is only a single document, is it worth it? Maybe if you are really hungry. Maybe it is better than not getting any offers at all, but most notaries would rather that the phone just doesn’t ring.

Tweets:
(1) Believe it or not, there are companies out there offering signings for $30!
(2) The nerve of people to offer a notary $30 for a signing!
(3) Most notaries would rather that the phone just didn’t ring

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