On Lowball Fees for Notary Signing Agents 

I will not blame new notaries or newly-trained notary signing agents for taking lowball offers. Some money and some experience beats none of either. The thing is so many companies look at us as commodities, as if a newly-certified NSA is equal to one who’s been in the business for 10 years or longer. That’s a matter of the more experienced NSA not marketing the value of their experience and not bothering to find better clients.

We can’t all have the same clients then be surprised when a signing service gives the work to the lowest bidder. Raise your standards, find better clients, do the marketing. The days of making a living from low-hanging fruit are over. Snapdocs stuck a knife in it and remote closing is speeding toward the corpse in a big rig to run it over.

We all have to realize that this is a business. Learn how a business works or you will fail.

Go to sba.gov and read everything there. Then use that site to find the SCORE chapter closest to you and/or the Small Business Development Center nearest you and go take some in person classes in business.

Or go to Amazon and get some books on being a notary signing agent. Buy Laura Vestanen’s book on marketing your non-loan notary services; read it and learn what you need to know.

Visit my site at notarymemphis.wordpress.com and read the Notary Tips and the For Notaries category. Read the blogs and forums on 123notary, NotaryRotary, NotaryCafe, gogetnotary, the National Notary Association , American Association of Notaries, the American Society of Notaries,  and other sites.

There’s a wealth of information available for those who take the time to learn. Asking questions on Facebook will get you a range of answers. Some may be spot on. Some may apply only in that other notary’s state. Some may sound rude. Do.not.take.it.personally.  It is business. 

New or part-time notaries are not scabs stealing your job. They’re people looking to meet their obligations.  If you do your marketing, prospecting,  research, and ongoing skills development by taking classes and other methods,  no one can keep you from making money. Stop blaming your fellow workers for the low pay. They aren’t setting the fees any more than employees determine what a boss will pay them. We all need to recognise that this is a business and treat it as one. Stop blaming your competitors for your failure to adapt to changing circumstances.

Blaming the “newbies” puts the focus on people who have no power to change the circumstances of the marketplace AND it makes you powerless to do anything about it.

IT IS YOUR BUSINESS. Take control and make of it what you want. Recognise that business must adapt to changing circumstances. Life ain’t fair. Expectations are frequently not met. Failure is always a possibility.

Blaming other people who are trying to work and pay their bills because the bosses figured out how to squeeze more profit from workers is just a waste of time.

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About Tim Gatewood

55+, male, widowed/single. Customs Broker, Notary Public, Signing Agent, Writer, and Ordained Minister. Willing servant to cats. Science fiction and fantasy fan, avid reader, Founder of the Darrell Awards. Author of _Getting Started As A Notary Signing Agent_ (available from https://notarymemphis.wordpress.com/books). Please be kind to one another.
This entry was posted in Business, For Notaries and tagged , , , , , , , . Bookmark the permalink.

6 Responses to On Lowball Fees for Notary Signing Agents 

  1. Pingback: Where’s the List of Good Clients?  | Notary Memphis

  2. Good Post! I’ve heard so many crying about the agencies paying low ball fees, when in all actuality the signing agencies cost themselves money when faced with inexperienced notaries making errors. The notaries can fix these issues at their own expense but the reputation of the agency is always at risk.

    You can win the battle by the volume of low Ball appointments, direct business or both.

    Liked by 2 people

    • Tim Gatewood says:

      The thing about doing business directly with title companies is they aren’t stupid. Many/most of them are aware that NSAs are taking assignments at $100 or less. So, why would they pay us $150 or more? Sure, some do, but the days when most title companies paid us the full fee that they would otherwise pay to a signing service is over. Our only hope to make a good income is to find firms that are not already using signing services and have never done so. I have to believe they exist, but marketing to them is going to be much different than marketing to firms that are already on the lists that everyone knows about.

      Liked by 1 person

  3. Cinnia Sanders says:

    Thank you so much for the advice.

    Liked by 2 people

  4. Joey Maita says:

    Well said Tim.

    Liked by 2 people

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