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Let’s get something out of the way. The question you are thinking about is whether you need the training to become a loan signing agent?
The answer might surprise you, but no, you don’t.
A better way of looking at it is IF you should get training. That answer is YES.
To become the best loan signing agent you can be, it is important to understand the business’s basics and take the necessary training.
There are many loan signing agencies out there, so it is important to find one that is right for you and will provide you with the training and support you need to succeed.
Lucky for you, I narrowed it down to one!
The Loan Signing System: Quick Look
Name: Loan Signing System, or LSS for short.
Price: There are three different tiers discussed below.
Overall Rank: 10 out of 10
What is a loan signing agent?
If you are reading this, you might be interested but don’t know what a loan signing agent is.
Let’s quickly cover that now.
A loan signing agent is more than just a notary public. They are the people that understand all the home loan and refinance documents.
I’m sure you know someone who has purchased or refinanced their home. If you ask them, they will tell you someone met with them to sign the paperwork.
That person is the Loan Signing Agent that guided them through their final paperwork. They also ensure all required pages are signed and notarized for the funding completion.
Through this process, a loan signing agent can make between $75 and $200 per appointment.
You want to take the LSS course to learn how this process can take around an hour!
LSS Course Overview
I first heard of the whole loan signing process on The Side Hustle Show (hosted by Nick Loper). I think it was episode 215.
You should check out The Side Hustle Show podcast if you haven’t.
Nick provides great information and ideas to start your side hustle.
After listening to the interview with Mark and Brian about the Loan Signing System (LSS), I didn’t do much with the information. Like many ideas, I just filled it in the back of my mind.
About a month later, I started hearing about a lot of work for mobile notaries and started thinking about LSS again.
I’m sure you can relate, but I like researching things before buying. So I started reading reviews, watching many YouTube videos, and reaching out to various people.
As you can guess, I ultimately purchase the LSS.
You need to know that if you want to go down this path, you must first be a notary.
This is important because I was not yet a notary public. Also, there are different requirements to become a notary, depending on your state.
The decision was made that I would become a notary and start the LSS training simultaneously. Something easy to do, and you can too!
Getting LSS Certified
Let’s get to the LSS training.
The training is always there for you when you have time that works for you, which is excellent for those of us that have full-time jobs.
Another great thing you should know is that you can purchase the Fundamentals and upgrade to a higher tier later.
Which is what I decided to do. This is mainly due to not having a lot of money and also going through the process of becoming a notary.
Inside the LSS training, you will see an easy-to-follow guide to the left. After you complete each section, you move on to the next.
There is a combination of lectures, recorded live training, PDF files, and actual guided training through each page of the loan package!
As you can imagine, it’s a very informative class and does explain everything.
Passing the Exam
I would suggest taking notes as you go through the training. You can always go back and watch the videos multiple times, but you can use notes when you take the exam.
It’s nice that there is an actual certification because you can see what you still need to work on.
To get the certification, you have an hour to answer 50 questions.
Notes will help you immensely as everyone must achieve a 90% or better!
After you pass, you get a few resources you can access. You will learn more once you take the course.
Don’t feel bad if you have to take it more than once. On my first attempt, I got an 86%. I waited a few days and reviewed my notes and a few sections I thought I needed help with.
The second time I received a 98%! As I mentioned, the training is excellent, and you will see what I mean once you start taking the training.
With all that said, there are always good and bad with everything. Let’s cover a few of those now.
The Good and The Bad
If you are skipping and reading this section, you should know the LSS course will prepare you for this career path.
Let’s take a moment to review what I enjoyed and disliked about the course.
If you have more questions, leave them in the comments below.
There are so many pros to taking this course, but let’s start with the fact that you get to be your own boss! You are in charge of what you make and when.
This also means you make your schedule.
Even though I suggest you take this training, you don’t need formal education!
I could go on, but let’s get to the important things, what I disliked about this training.
If you’re thinking about becoming a loan signing agent, you need to be aware of some things.
Everyone always talks about the good things but never mentions the bad.
Here are five things you don’t hear about being a loan signing agent:
- It takes a lot of driving to do your job. And depending on where you live (I’m in California, and it’s about $6.50 a gallon right now).
- Be aware that you don’t get paid immediately. Each place will be on different pay schedules. Most companies I’ve worked with pay twice a month.
- You must be patient and detail-oriented because Loan Signing Agents work with lots of information at once.
- If you want to make good money, you need to learn to market yourself (you will learn all about how to do this in the LSS training, which helps A LOT!).
- There are extra costs for being a loan signing agent (we’ll cover those next).
The Cost For The LSS
You probably have taken a ton of online courses over the years. I know I have. Some might have been amazing, while most of them are a waste of money.
Make sure you are investing your money in a quality program where you will learn everything you need about getting the job done.
LSS is that course, and they offer different tiers to fit your needs.
When discussing additional expenses, almost every training out today doesn’t discuss them. Here is a list of the items you need and should consider.
- Getting your notary commission (this is mandatory, it doesn’t matter what state you live in). You should also understand how to do general notary work because each signing has a few notarizations.
- Notary supplies (also mandatory, to include your notary stamp, notary journal, ink pad, pens, and other miscellaneous items)
- Printer (not needed right away, but something you should consider)
- Toner for your printer
- Paper (you need legal and letter-sized paper, I found if you have paper and go to a print shop, it’s a little cheaper)
We could go into more details, but besides your notary commission, you need to have a way to print out loan documents.
You can go somewhere to print, but you will learn this isn’t the easiest or best thing to rely on, especially when you get a last-minute signing or a signing when the print shop is closed.
My Final Opinion of LSS
If you haven’t guessed the overall opinion of the Loan Signing System, you should get it!
To sum up, if you’re a notary public looking to make more money, learning the LSS is the answer for you.
It’s the best way to get started in this lucrative field.
You, too, will discover that the LSS does a great job of teaching you the basics, but it’s up to you to learn the laws in your state.
If you still have questions, don’t hesitate to ask in the comment section below.
Once you decide you want to learn how to complete loan signings, sign up for the LSS tier, you can afford it. Then let me know what you think about it!
After learning how to complete a loan signing, you may wonder what to do next.
Before you start signing, I suggest setting up a business for yourself.