Why it’s a good time to be a great notary
September 26th, 2007Written by: Scott
Interest rates are up. Sub-prime loans have pretty much gone the way of the buffalo. The NNA keeps pumping in new notaries…
How does all that make it a good time to be a mobile notary Scott?
Let’s take a look:
1. This profession isn’t going anywhere
Sure, things have slowed down. But we live in a country that puts a premium on time, and mobile notaries are time savers. The mortgage trend may be down, but premium services that save time or are convenient (like a mobile notaries) will continue to trend up.
2. Mobile notaries can cut costs for Settlement Companies
As title and escrow companies get squeezed, they will be looking to cut their costs as well. Why have the overhead on an office when processing can be done in a central location and a mobile notary used? Plus one for the mobile notary.
3. Time to weed out the bad
Slow times will weed out many of the notaries who’ve come into the profession in the last few years looking for an easy buck. Being a mobile notary is about running a quality business, and any business takes hard work. It’s just something you can’t get around. Great notaries will continue to market themselves and differentiate themselves from their competition.
4. NotaryBay.com is here
OK, so we can’t change the industry overnite, but we sure as heck are going to try. Our application makes it so simple (and automated) to find great notaries, we think it has industry changing potential. If you haven’t registered yet, do it now (you can get a premium membership free trail during our beta test)!
September 27th, 2007 at 7:05 am
I have to disagree with #2 & #3.
This is a difficult time for independent notaries. Like the rest, I’m a one-man shop and I do good work. Signing companies and title companies are pressured to get notaries with lower fees. That’s how the overhead is reduced. These firm don’t take a lower fee.
I do market myself and the quality of my work differentiates me immediately. I became independent to establish a continued source of income. That is now not happening. This industry transition will certainly weed out the bad, at least temporarily. The good ones who need income will also go. That’s sad.
You are using difficult words to promote your new service. This is an especially difficult time to promote a service in an industry that’s in the emergency room with a flat line.
October 4th, 2007 at 9:11 am
I agree with everything said here.
I have been doing signings for 2 1/2 years. Yes it is slow, but there are other things out there to fill in the missing loan signings.
That is what I have done. I am staying pretty steady with work, not all loan signings, but working.
There are alot of notaries that got into this business recently because of advertising a promising future with great money earning potentials, but what is not told is that the market is bad. I feel sorry for all the new notaries that have been misled in this terrible times that we are having.
Both good and bad notaries are suffering in all areas. I also do quality work and market myself daily. The market will pick up again. You just need to hang in there and continue to speak to all your contacts and remind them you are still here.