In my quest for multiple streams of income, I became a notary in the state of Florida to earn some extra money. Typically notary signings happen far and few, but I wanted to capitalize on my notary commission by becoming a Notary Signing Agent or a Loan Signing Agent as it is sometimes referred to.
As a signing agent, I discovered that I would be responsible for helping homeowners review their financial documents as they purchase a new home or refinance their current mortgage.
Let’s start adding some more money to your bottom line.
State of Florida Notary Education Course
First thing first, I registered for the Notary Education Course for the state of Florida. It’s a mandatory course, but once you go complete it, you’ll receive a certificate to use for notary application.
Pick A Bonding Agency
Once I finished my course, I did some research on the approved bonding agencies in Florida. What I was looking for was an agency that not only provided me with the notarial supplies I needed but also which provider, provided the highest amount of Errors & Omissions (E&O) insurance for the best price. Since I was going to become a notary signing agent, in order to stand out with title companies, I wanted to have the highest coverage possible.
TIP: If you select the National Notary Association (NNA) as your bonding agency, you’ll be able to add additional E&O insurance, register for your additional background check, and signing agent exam
Submit Your Notary Application and Background Check
Once I selected my bonding agency, I proceeded with completing my notary application, along with the additional information needed as requested by my bonding agency. While I waited for my application to get approved, I started researching some notary signing companies to register and create a profile. To ensure that I got enough signing to meet my financial goals, I signed up for as many as possible. This made it easier to upload my credentials once I received them.
Submit a Background Screening with NNA & Pass the Signing Agent Exam
Once I received my notary commission certificate and E&O insurance policy, I uploaded that information to the signing databases I registered for and purchased my NNA package. Of course, shiny object syndrome almost took over, and I almost purchased the complete package, but I opted to purchase the Basic Package, which provided me with everything I needed to pass the signing agent exam.
Also, since my original E&O insurance policy was for $26,000, I opted to extend my E&O insurance with NNA and added an additional $100,000 coverage to meet the minimum that most title companies require and look more appealing to get more signings.
Now that I have embarked on that journey, I am excited to use this side hustle to add to my multiple streams of income. If you are interested and have followed these steps, let me know how it has worked out for you.