If you’re thinking about becoming a notary public, you’ve likely heard about the Loan Signing System. While there are many training options out there, the Loan Signing System is one of the best.
If you’re looking for a review of the Loan Signing System, you’ve come to the right place. In this article, I’ll give you my honest thoughts about their training program for notaries.
Just to be clear, I have no connection to the Loan Signing System. I’m not getting paid to write this review, so you can trust that my feedback is completely unbiased.
And at the end of this review, I’ll also share an alternative method that has helped me create a full-time passive income online.
Table of Contents
- Overview of Loan Signing System (LSS)
- Who is Mark Willis?
- What is a Loan Signing Agent?
- How Does Loan Signing System Help You Make Money?
- What’s Inside Loan Signing System?
- How Much Does Loan Signing System Cost?
- Praise for Loan Signing System
- Criticism of Loan Signing System
- Customer Reviews
- Is Loan Signing System a Scam?
- Why Being a Notary Signing Agent May Not Be a Good Idea?
- Is There a Better Way to Make Money Online?
Overview of Loan Signing System (LSS)
The Loan Signing System, created by the highly successful loan signing agent Mark Willis, is your ticket to a profitable career in this field. Mark’s extensive experience, having completed over 100,000 loan signings, makes him the ideal teacher.
The Loan Signing System (LSS) offers three different classes to suit your needs:
- Fundamental
- Professional
- Six-Figures
Most students who have taken the LSS course have found it highly valuable, opening doors to success in the credit union industry.
As an LSS-trained loan signing agent, you have the potential to earn between $75 and $200 per appointment. However, remember that mastering the skills is essential before you can make significant income.
Here’s a brief introduction to the Loan Signing System course:
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Who is Mark Willis?
Mark Willis is the brains behind the Loan Signing System. He’s not just any loan signing agent – Mark ranks among the highest earners in the country. Learning from someone with Mark’s extensive experience and success is a significant advantage.
During his career as a loan signing agent, Mark has handled an impressive 100,000 loan signings. This wealth of experience means he knows precisely what you need to start your journey as a notary signing agent. He’s intimately familiar with the field’s ins and outs and can guide you to avoid common pitfalls.
With nearly two decades of expertise, Mark has fine-tuned his skills to become a top earner. By taking his training, you can tap into his knowledge to establish a successful business. Mark has even authored a best-selling book on the topic: “The Best-Kept Secret in Real Estate – How to Become a Successful Notary Loan Signing Agent!”
Mark doesn’t just offer courses; he’s also produced YouTube videos with over 1 million views. This level of recognition and success demonstrates that you’re receiving valuable insights from the Loan Signing System.
Mark’s teaching style centers on professionalism and achieving success as a loan signing agent. He wants you to apply his wisdom and create your thriving business, helping you avoid common mistakes.
Unlike some other courses that only focus on passing the National Notary Agent exam, Mark’s goal is to teach you how to excel. He goes beyond the basics, equipping you with the skills and knowledge needed to succeed in the industry.
What is a Loan Signing Agent?
Loan signing agents (LSAs) and notaries play crucial roles in legal transactions. A loan signing agent’s primary task is to notarize and validate financial and legal paperwork, particularly documents related to loans. On the other hand, a notary is a public officer authorized to witness and verify the signing of documents.
Whenever a contract comes into play, the need for a notary is often close at hand. Here are some examples of documents from various industries that typically require the services of a notary:
Financial Services: Deeds, loan agreements, mortgage closing documents, and auto title transfers.
Legal Services: Custody agreements, wills, trusts, powers of attorney, and affidavits.
Business Services: Employee contracts, leases, and construction agreements.
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How Does Loan Signing System Help You Make Money?
The Loan Signing System (LSS) is designed to help you build a successful notary loan signing agent business. It’s broken down into two phases:
Phase I: Getting Started With The Basics
Get Your State’s Notary Commission: To begin, you’ll need to obtain your state’s notary commission. The good news is, you don’t need a college degree or prior experience for this. The application process is straightforward.
Learn Basic Signing Skills: LSS training will teach you how to confidently handle loan signings. It’ll guide you through the often complex 130-page paperwork involved.
Join Notary Loan Signing Agent Databases: To find job opportunities, you can join corporate databases like Signing Services, where you can earn around $75-$100 per loan signing appointment. LSS provides step-by-step guidance on how to sign up and create your profile on these platforms.
Become a Certified Signing Agent: After registering with a signing services provider, becoming a notary public, and getting the LSS certification, your chances of landing signing jobs will significantly improve.
Phase II: Scaling Your Loan Signing Business
Learn Escrow Standards: To set yourself apart as a loan broker, you need to ensure all escrow paperwork is handled correctly. LSS covers the process of making sure borrowers complete all necessary escrow paperwork.
Master Loan Document Packaging: Properly organizing loan documents, often referred to as “packaging,” is crucial. It ensures that all parties involved, such as lenders, land registries, and escrow companies, receive the necessary copies. LSS offers specialized training in this area to give you a competitive edge.
Network with Mortgage Professionals: Building good relationships and effective communication with closing agents, mortgage bankers, and escrow officers is key to securing loan signing jobs. LSS provides scripts that Mark Willis, the creator, uses to obtain thousands of loan signings each year.
Establish Connections with Escrow Officers: While it typically takes about 20 escrow officers to sustain a loan broker career, the number may vary. LSS provides insights from experienced escrow officers and real estate agents, which can be incredibly valuable.
Set Financial Goals: After becoming proficient in loan signings and document bundling, set annual revenue goals for yourself. The LSS training program even includes ongoing monthly mentorship sessions for aspiring notaries, offering continuous support and guidance.
With the Loan Signing System, you’ll have the tools and knowledge to thrive as a notary loan signing agent and work towards achieving your financial goals.
What’s Inside Loan Signing System?
Course Options
The Loan Signing System offers different courses to fit your needs and career aspirations. Let’s break them down for you:
Fundamental Course
The Fundamental Course is your starting point, perfect for beginners in the loan signing world. Here’s what it covers:
- Certification for the NNA exam.
- Step-by-step instructions for newcomers.
- Comprehensive training on different closing types and the actual documents involved.
- A handy loan signing video for a visual walkthrough.
- Basic principles for working with escrow officers, essential if you’re new to the industry.
Professional Course
The Professional Course is for those committed to a career as a loan signing agent. It includes everything from the Fundamental Course and more:
- A 120-day monthly training mentorship for long-term success.
- Strategies for landing the highest-paying loan signing gigs.
- A ready-made script to pitch your services effectively.
- A live face-to-face session with Mark, the course creator, for real-world insights.
Six-Figure Course
If your goal is to make a six-figure income as a loan signing agent, the Six-Figure Course has you covered. It combines everything from the Fundamental and Professional Courses with additional perks:
- A six-month mentorship with Mark, who brings over 20 years of industry experience.
- Direct training from industry pros, like escrow officers, real estate agents, and mortgage loan officers, who know the ins and outs of success in this field.
So, which course is right for you? If you’re just looking to earn extra cash on the side, the Fundamental Course is a good starting point. If you’re serious about building a career, the Professional Course offers valuable extras. And if you’re aiming for six figures, the Six-Figure Course provides comprehensive training and support. Your choice depends on your goals and what you want to achieve.
Loan Signing System Student Resources
Blog
In addition to their training, the Loan Signing System provides a helpful blog section. This blog is a great resource, especially if you’re new to the industry. It answers common questions and provides insights into the job and its possibilities.
You’ll find answers to questions like whether the job is a good fit for you. This information is valuable because it comes from experts who know the ins and outs of the field. Ultimately, deciding if a loan signing agent career is right for you is a personal choice.
The blog also covers topics like how to succeed as a loan signing agent. If you’re considering entering the field, these articles offer a glimpse of what to expect and whether it aligns with your interests.
National LSS Conference
Another resource offered by the Loan Signing System is the annual LSS Conference. This event is a valuable opportunity to connect with fellow loan signing agents and escrow agents. Networking is a key factor in achieving success in this industry.
After becoming a licensed loan signing agent, building connections becomes crucial. Networking with professionals in the industry can lead to more opportunities and contracts.
The conference takes place over a weekend in Las Vegas and includes informative sessions and networking events. You’ll hear from industry experts, including Mark himself, who share their knowledge about the business. There are also Q&A sessions and interactive events.
Additional Benefits
Upon completing the LSS program, you’ll gain access to several valuable advantages:
Over 50% Discount on NNA Notary Essentials Training: Save big on essential notary training provided by the NNA.
More Than 50% Off NNA Membership and First-Year Support Hotline Access: Enjoy reduced rates for NNA membership and access to their support hotline for the first year.
Free Trial of NotaryGadget Accounting Software: Try out NotaryGadget’s accounting software at no cost to streamline your financial management.
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How Much Does Loan Signing System Cost?
When deciding on the right Loan Signing System course, price is a crucial factor. It’s worth noting that not everyone needs the most extensive course. The best choice for you depends on your specific job goals and expectations.
Loan Signing System offers three different courses, each offering varying levels of education. To make an informed decision, it’s important to have a clear understanding of your career aspirations.
Loan Signing System Fundamental Course
- Price: Just under $200.
- What You Get: Everything needed to pass the NNA exam and obtain your license.
- Who It’s For: Ideal for those looking to earn extra income on the side.
- Why Choose It: Provides a solid foundation for entering the loan signing business without breaking the bank.
Professional Course
- Price: Slightly under $300.
- What You Get: A more advanced training program.
- Who It’s For: Suitable for those serious about a full-time career as a loan signing agent.
- Why Choose It: Offers extra features to support your career in the field.
Six-Figure Course
- Price: Just under $500.
- What You Get: The most comprehensive option, including an extended mentorship program led by the founder.
- Who It’s For: Ideal for those aiming for the highest level of success in the field.
- Why Choose It: While pricier than other options, it remains an affordable choice compared to similar professional courses.
Praise for Loan Signing System
1. Expertly Curated Courses
One major advantage of the Loan Signing System is that all its courses are meticulously designed. They are created by someone who has achieved success in the industry, ensuring you receive the highest quality information from an expert.
2. The LSS Conference
The LSS Conference stands out as one of the most valuable student resources provided by any professional school. It offers the opportunity to meet and build meaningful connections with people in the field. The curated and professional setting enhances the benefits for students.
3. Dedication to Your Success
Loan Signing System is committed to setting you up for success in the industry. Unlike some professional schools that focus on a quick in-and-out approach, LSS aims to provide you with everything you need to thrive as a loan signing agent.
Criticism of Loan Signing System
1. Exclusively Online Courses
One notable drawback of Loan Signing System is that all its courses are conducted online. While some packages offer limited one-on-one instruction, if you prefer in-person learning, this might not be suitable for you. If an in-person experience is essential, you may need to explore other options.
2. Limited Instructor Variety
Unlike many professional schools that have a diverse range of instructors, Loan Signing System primarily relies on Mark as the sole instructor. This can result in a more narrow and potentially biased perspective of the industry, as you’ll be exposed to a single viewpoint throughout your training.
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Customer Reviews
According to the LSS website, their training programs have received A+ ratings from over a thousand students.
However, it’s worth noting that every company can boast about its achievements.
What sets LSS apart is the absence of any negative comments or criticism despite its considerable success.
As of now, among the 209 reviews LSS has on BBB, there are no complaints about their training course.
Is Loan Signing System a Scam?
No, the Loan Signing System is not a scam. Former students have expressed positive feedback in their reviews. They found Mark’s teaching style to be genuinely supportive of their success and financial goals. Many considered the Loan Signing System a valuable investment in their future.
However, the key question is whether the cost of the Loan Signing System is justified.
If I had to provide an honest answer, I would say that, for the vast majority of people, it may not be justified.
Keep reading to find out why it’s a bad idea to become a loan signing agent.
Why Being a Notary Signing Agent May Not Be a Good Idea?
1. Unpredictable Income
Surprisingly, income can be a drawback in this field. Self-employed notaries often struggle to maintain a consistent and dependable stream of revenue. The number of job opportunities can be highly unpredictable, making it challenging to rely on as your primary source of income. Some people in the field choose to work as notaries on the side.
2. Costly Mistakes
Errors in handling notary documents can have serious consequences, including potential lawsuits. If you opt for this career, it’s essential not to underestimate your responsibilities. Maintain a high level of focus and precision when performing your notary duties.
3. Initial Expenses
Becoming a notary signing agent can come with a significant upfront investment. Costs may vary depending on your budget and location. Consider expenses such as LLC registration for your business, marketing efforts, website maintenance, office supplies, training, education, and professional certification. It’s crucial to research your state’s specific requirements to understand the total cost of becoming a notary in your area.
Is There a Better Way to Make Money Online?
If you don’t want to waste your time or risk your hard-earned money, you might wonder if there is a better business model that doesn’t need Facebook ads and can do it as a side hustle.
Yes, I would suggest you get started with affiliate marketing. It is far easier and less time-consuming as you don’t even need to handle customer service.
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But How Much Can You Earn in Affiliate Marketing?
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Anthony Smith is an internet entrepreneur. He created the Side Hustle Ideas Database to help people find side hustles for making extra money, with the potential of turning into a full-time income.
After graduating from the University of Pennsylvania with a business degree, he gained business experience at a consulting firm. At the same time, he tried various side hustles including freelance writing, blogging, and eCommerce. He managed to turn his side hustles into a full-time business, earning over $3 million. Now, he enjoys financial freedom and travels around the world as a digital nomad.