286: How to Become a Loan Signing Agent and Earn $100 an Hour Part-Time

The Side Hustle Show

Nick Loper

How To, Entrepreneurship, Business, Education

4.7 • 1.6K Ratings

🗓️ 7 June 2018

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

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Summary

“It’s the best-kept secret in the real estate industry,” Mark said, talking about becoming a loan signing agent. You can make $100 an hour as a part-time, and the only real requirements are that you know what you’re doing, and you have a notary license. (A loan signing agent is the person who walks you through the giant stack of forms and contracts you have to sign when you close on a new home loan.) I was first introduced to this side hustle early last year, when I first sat down with Mark Wills and his business partner Roman Rosario. That conversation turned into episode 215 of the Side Hustle Show, where the pair walked me through how they built and sold an online course starting with no audience. At that time, the Loan Signing System course, which he teaches people how to become loan signing agents, was doing around $4k a month. A year and half later, and they're doing around $30k a month and hosting a national conference! But what we didn’t really cover in that episode was how to become a loan signing agent and what that business is actually like -- to the frustration of many listeners. So in response to audience feedback and several listener testimonials, I invited Mark back on the show, along with one of his successful students, to dive into the loan signing side hustle. Full Show Notes and PDF Highlight Reel: How to Become a Loan Signing Agent and Earn $100 an Hour Part-Time

Transcript

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0:00.0	Side Hustle Show 286, how to become a loan signing agent and earn $100 an hour part-time.
0:07.0	What's up, what's up, Nick Loper here?
0:10.0	Welcome to the Side Hustle Show, because a year from from now you're going to wish you started today.
0:14.8	So last year I published episode 215 of the Side Hustle Show, which you might remember focused on how Mark Wills and
0:21.2	Roman Rosario built their online business
0:24.0	loan signing system.com teaching people how to become loan signing agents and
0:29.1	how they started with basically zero audience and built that up. So after the episode aired, a funny thing happened.
0:36.1	I was accused, and probably rightfully so,
0:39.7	of burying the lead.
0:41.4	Several listeners reached out and said, okay, all this online business stuff is great, but this loan signing thing sounds pretty cool too. We want to learn more about that.
0:50.0	Now, a little bit of background, if you bought a house house you're probably familiar with what a loan signing agent is. They're the person that
0:57.6	walks you through the giant stack of forms and contracts you've got to sign when you close on your loan.
1:02.8	They are notary publics.
1:04.6	It's a certification that takes a few hours and sometimes you have to take a test or pay a small
1:09.1	fee to the state to get that certification.
1:11.8	But for each appointment, the loan signing agent is making
1:14.9	$75 to $200, and the appointments only take an hour, hour and a half.
1:19.4	It's not about side hustle, right?
1:21.1	So since that episode aired, a few listeners have sent me testimonials about starting the
1:25.9	loan signing side hustle, and Mark has been really good about sending me testimonials of people
1:30.5	who heard about it on the show too. One of those listeners was Brian Schooly,
1:35.0	who kind of read between the lines of episode 215
	...

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