The holidays are finally over! We are slowly getting our finances back in order. After the holiday season, less people are willing to go through the process of refinancing their homes. With closing costs and numerous other fees, who could blame them?
So how are notaries keeping busy during this horrible off season? I have spoke with many notaries affiliated with our company and was able to get a shed of light on these questions. Most notaries in the off season perform field inspection in their spare time. No matter what time of the year it is, inspections are always being performed. Its also a great way to stay busy during your down time.
I know your probably wondering how could I possibly make any money doing inspections when I get paid way more doing signings? If you’re looking at the opportunity in numbers then of course there is no logic in completing inspection. However, a Field Agent will tell you its not always about dollar amounts. In this line of work, dollar amounts mean nothing without volume.
If you break it down, the math is quite simple. On a average, a Notary may receive 2-3 signing request on a day if any. Being that this is the off season you will be lucky to get a volume of such a day. On the other hand, an Field Agent will average about 10-20 orders a day. If an agent is located in the states of Pennsylvania, North Carolina, or even Florida, their volume would be a lot higher because the market is really good in those areas. Like Notary Closing Agents, Field Agents cover multiple counties which also makes their income margin much higher.
Once the market does pick back up, most Notary Agents continue with the field inspections on the side to keep additional income coming in. In this business there is more than enough volume to share the wealth. With all that being said, what are some other great ways for notaries to stay busy during the off season?