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Cost and other requirements to become a loan signing agent

1. Active notary commission.


2. In order to be a notary public In California, you need to take a six-hour
mandatory education course, which you can take online for as low as $50.
Check your state to see what its specific requirements are. 
3. Then there is the state exam which costs $40
4. You’ll need a passport style photo which typically costs $10 to $15
5. You’ll then need live scan fingerprints which is typically around $80
6. Then there are the required supplies (notary journal, thumbprint pad, and
your notary stamp) I've seen these items for as low as $45 for all three
7. Then there’s a notary bond which runs about $50 for a four-year bond
8. And lastly, there is the oath of office which costs $40
9. As a loan signing agent, you are required to have errors and omissions
insurance. Most escrow companies only ask for $100k which is about $150 a
year, or $12 a month.
Additionally (and this is becoming a newer requirement for some escrow
companies), you'll be required to complete a background check. This costs
roughly $50.
10. Lastly, you’ll need business cards to get direct business. You can find them for
as low as $10 for 250.

So there you have it: For about $500 you can become a notary loan signing
agent that does direct business.

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