I am thinking about becoming a notary and want to know how much they make per loan signing. Is it based off the loan amount? Total Closing Cost? Revenue Amount? Is it going to be a set price everytime I do a signing? I'm in California, not sure if that helps.
2007-08-03 10:37:16 · 3 answers · asked by Anonymous in Business & Finance ➔ Other - Business & Finance
I would be notorizing Mortgages...
2007-08-03 10:46:00 · update #1
Let me tell you it is not as much as you think. I am a notary in Illinois mostly because I do a lot of estate and trust tax returns and those generally require a notary at some point.
We in Illinois are allowed to charge $1.00 for each time we sign our name to something + travel expenses, if we travel away from out home to the location where we need to notarize the documents.
I think the most I ever made from a single notarization was $125.00. My hand hurt for three days after signing all those documents. Oh by the way I have been a notary going on 12 years.
2007-08-03 11:01:58 · answer #1 · answered by mikeae 6 · 4⤊ 0⤋
This is a complicated answer, depending on how you would get your business. By law you can not charge more than $10 per signature but there is no law on how much you can charge on moble loan docs signing service. You yourself set the price. Of course you have to stay somewhere around where other notaries charge to be competetive. depending on the area but just to give you an idea. anywhere between $150 to $200. per signing. is normal
2007-08-03 10:54:07 · answer #2 · answered by moose 4 · 1⤊ 0⤋
No clue. I'm a notary for my job at a bank but I don't make money for what I'm signing, I just make my hourly pay. I don't notarize loans I notarize releases, so I guess it would also depend on what you're notarizing.
2007-08-03 10:41:57 · answer #3 · answered by BlackDahlia 5 · 0⤊ 0⤋