A mobile notary is a traveling agent who visits his clients from one location to another to make sure that documents are properly notarized. If you are looking to start your own business or make money on the side, being a mobile notary is a very good option. You can work part-time or full time all depending on your availability. Here is everything you need to know about a mobile notary.
The requirements for becoming a notary vary from state to state. Most states require you to fill out an application form and also pay a filing fee. Depending on the state, you may also be required to pass a background check, pass an exam, undergo training from a state-approved vendor, and even buy a surety bond. By the way, get here for the best mobile notary service.
Errors And Omissions Insurance
For you to work with most companies as a mobile notary, these companies usually require that you have a minimum of $100,000 in errors and omissions insurance coverage. This type of insurance protects you from mistakes and possible legal action. It costs under $100 per year in most states to have an error and omissions insurance.
There are supplies you may need for your mobile notary business. The most important ones are notary stamps and journals. You can purchase your notary stamps online. The company you purchase may send you an email to which you may reply with your notary commission certificate. A journal is also very important for recording the name, address, and identification information of your clients.
You have to receive training from a state-approved vendor. Documents that need to be notarized must be addressed with utmost care. Hence, precise training to identify and understand the function of these documents is very necessary.
Documents To Notarize
As a mobile notary, you should also know the documents that need to be notarized. Generally, the documents that may need your attention as a mobile notary include medical documents, trusts, deeds, power of attorney, custody agreement, agreements of long distances, vehicle title applications, wills, and mortgage closing documents.
Wages And Time
A document closing takes about thirty minutes to one hour to complete. As a mobile notary, you can make between $70 to $200 per closing. It is important to note that it is not per hour. Although a closing may take more than one hour when you add your driving time, document printing time, and others, which may come up to about two hours. The average salary for a mobile notary is $46,800.
After your training and getting your notary commission certification, you should make yourself known and available to parties who might need your services. You can create your website or a business card to promote yourself. Your internet presence is very important. Regular social media posts about your business will help you get clients in need of your services.
Once you have decided to start a mobile notary business, you can look into the process of getting certified in your state. You can also expand your business and offer non-notary services like I-9 services and apostille services.