Loan Signing System Course Review
In July 2019, I was wrestling with the way I was earning income and coming to the realization that I needed to aggressively pay down the credit card debt I was carrying. Up until this point I was earning two-thirds of my income from gig economy work such as driving with Uber and Lyft but also food delivery with Caviar, Door Dash, and Uber Eats.
One-third of my income was coming from digital marketing and experiential marketing. Altogether I was doing a lot of hustling in side hustles that carried a lot of expenses. Something had to change.
One sleepless night, I downloaded a new podcast dedicated to rideshare drivers and gig-economy workers called the Rideshare Dojo hosted by Jay Cradeur. The Rideshare Dojo’s second episode featured a former Lyft driver turned Mobile Notary Agent whom at the time of recording made $965 on a Monday! For most Uber and Lyft drivers that is good week.
During my time as Uber/Lyft driver, it would take me close to 50 hours to make a grand and it would cost me around three hundred dollars (gasoline, car wash, meals, and bridge tolls). I was so fired up that I and started googling and searching on YouTube to get some validation for what I heard on the podcast. Spoiler Alert! The Mobile Notary Loan Signing Agent business is 1000% LEGIT!
When it comes to new income streams two tests must be passed:
1. Does it align with the “work smarter not harder” philosophy and
2. Does the income stream allow me to run the miles I wish to run?
At this point in my research becoming a Loan Signing Agent or a Mobile Notary Signing Agent passes the test! Now with any new venture expect a learning curve, an investment for the tools of the trade, certifications, and a little patience.
Full Disclosure, I became a loan signing agent through the support and mentorship of the Loan Signing System by Mark Wills and as a member and affiliate of the six-figures course. So, if you decide to purchase the Loan Signing System course I will earn a small commission at no additional cost to you.
What do you need to do to become a Notary Public?
Chances are you clicked on this page for a review of the Loan Signing System, but before becoming a loan signing agent you need to become a Notary Public in your state.
In California, where I live and hold my Notary Public Commission, I had to take a 6-hour Notary basics course that is approved by the Secretary of State of California, then pass a proctored exam, get fingerprints taken, order a background check, and send a passport size photo with the application along with a $40 check to pay for the application.
This is where the patience part kicks in. Total turn around time from taking the exam to getting your results could “no more than eight weeks”. Then, you have 30 days to confirm your commission with your County Clerk and Recorder and pay another fee of less than $40. Keep your receipts!
When I filed my taxes for 2019 I was asked to list all my start-up costs which ended up being qualified expenses. I am not a CPA and tax laws can change from year to year so ask a profressional. Every state is different so, for example, Google “Notary Public Nevada” and whichever state you live in and get the details for your state. Remember
Instead of waiting to hear back from the Secretary of State before taking the Notary Signing Agent or Loan Signing Agent exam I used this wait period to study and pass the exam. The moment I confirmed my Notary Public Commission I was ready to hit the ground running as a Loan Signing Agent and put the Loan Signing System to work!
What is the Loan Signing System?
I became a student of the Loan Signing System in August 2019 (Six-Figure Loan Signing Agent Course.) At the time, I was driving for Uber and Lyft, making food deliveries for DoorDash, Uber Eats, Caviar, and moonlighting as a digital marketer.
I was not a Notary Public and Mark Wills’ Loan Signing System gave me a great overview of the industry, opportunities for growth, a road map for each phase of my loan signing agent career, and ongoing mentorship every other week, for six months, via Facebook Lives.
One year later I am still a member of the Loan Signing System family and subscribed to the mentorship program.
Yes, you read it right, the loan signing system, if you follow the system, works in big states and small states, big urban areas and smaller rural communities. And for those of you in-the-know, you can become a successful loan signing agent in an Attorney-State.
How long after LSS System to get first signing?
How long it takes after passing the loan signing system exam to get your first signing will vary from person to person. As Mark says, your journey is your journey. Do not compare it to anyone else. Your situation may call for you to take action faster.
Here is my timeline to completing my first signing:
I purchased the course on August 2, 2019.
Took and passed the California Notary Public Exam on August 15th. First Signing November 13th.
August 23rd I passed the Loan Signing System Certification exam. Later that day I all took the NNA Notary Signing Agent exam.
September 15th I was notified that I passed the exam.
September 29th I received the official documentation from the Secretary of State with the paperwork I need to bring to my County Clerk and Recorder to confirm my Notary Commission.
October 12th: confirmed Notary Public Commission at the County Clerk and Recorder’s office.
November 13th: Completed my first loan signing. (Total of 2 months and 28 days)
In the month between confirming my Notary Public Commission and completing my first signing I drove for dollars on Uber and Lyft to raise the money to buy the following:
a dual tray laser printer, letter and legal size paper, toner, blue and black ink pens
order Errors and Omissions Insurance ($100,000 liability coverage),
order the Notary Stamp, Notary Journal, inkless ink pad (for thumbprints)
Mark has a link for all his recommended tools of the trade in the course.
What is the loan signing system certification exam like?
The LSS certification exam is a multiple-choice exam consisting of 50 questions. All the questions come from the materials in the course. You need to score a 90% to earn your LSS certification.
What I enjoyed in taking the exam is that let’s say you don’t pass on the first try you can take the exam again plus you will get an email with the questions you missed. Thus retaking the exam is super easy. All you have to do is study what you missed the first and go back into the course and click on LSS Exam module and get your 90%!
The advantage of being a member of the six figure loan signing agent course is that you search in the FB group or ask questions about the questions that are giving you trouble. It’s truly an amazing, uplifting, and inspirational community.
Make sure to watch all the videos leading up to the module where you actually take the exam. This means download and study the definitions, the flashcards, the sample loan documents, listen to the recordings of Mark performing a live loan signing, and know that every answer is covered in the course.