Notaries and the Declining Mortgage Industry
It has been hard for notaries in the last 6 months who have gone from one of the biggest economic and housing booms ever, to a rapidly declining market in the United States. Is the question Will our country hit a recession by 2009 or how long will the recession last? Many notaries all across the U.S. have felt the slow times directly relate to their income as most mobile notaries work with mortgage and title companies. What a lot of notaries don’t realize is that there are other ways that they can make money. Becoming mobile was the easy part, now notaries have many ways for companies and alternative industries to contact them. Advertising needs to be switched to focus on other businesses.
Some of the things notaries can do are on-site inspections. The company I work for has seen Inspection companies hire ONLY mobile notaries for jobs, because they are constantly mobile and easy to get a hold of. Unfortunately on-site inspection does not pay as well as notary work, but the work is there and it may supplement the income that the notary has needed these past months and on into this slow time.
Other thing notaries can do that is related to the mortgage industry is working on getting their appraisal license. This is another contracted job where the notary can choose to do the job or not. There is a lot more involved in becoming an appraiser and learning the ropes, however pay per job is quite higher than what notaries get paid per signing.
Personal documents are another great way for notaries to supplement some of their income. Most notaries don’t want to go out for a single doc that will pay $20-$30 but do 5 or 6 a day and it adds up. Don’t rule this alternative out; those days of $200 closings may be far gone. Just say yes to everything or do some of these things that will help generate some more income for you.
With the Mortgage and Real Estate industries rapidly declining and the smell of a recession just around the river bend it is time for notaries to find other ways to generate income
Blake helps companies and people find a notary for wills, affidavits and other documents that Notary Public notarize. Blake works for a notary company in Seattle.
Article Source: ArticlesBase.com - Notaries and the Declining Mortgage Industry