Monday, February 13, 2017

Poor Notaries

Don't buy into the "poor notary" mindset.

It victimizes you.

But, it's a super marketing ploy.

Companies and people who want you to believe they are the only ones helping you will tell you this.

Poor notaries.

They hardly make any money.

Poor notaries.

We are the only ones who we sell them another $150 worth of stuff they can't use right now.

Poor notaries.
They don't have a clue that they can negotiate their fees! Let's offer them a lot less.  If he won't take a low fee, we can find one who will.  (Supply of notaries is up and demand for notaries is down because of lower numbers of loans due to rising interest rates.)

Poor notaries? Seriously?

Pretty soon,  we believe everyone is against us!!

Poor notaries, my blankety-blank!!  

There are millions of us.

We should be running the U.S., but we are satisfied to let other people define us as poor notaries.

There are nearly half a million of us in Texas alone, yet only 87 at this moment have signed a petition  to raise our fees.  That's why we are poor. 

Right now you can do five  things that are FREE to improve your income.

1) Texas notaries:  SIGN THIS PETITION  to raise our fees to $10 per notarial act;  SHARE ON YOUR WALL.


Kathleen R. drafted the petition and is ready to talk to her lawmakers.  I have contacted mine and we are working with Robert O. to get form letters ready to go for you to contact yours.  We need more signatures.

2) Accept that loan work is down. 

No big deal. Get busy making money while you wait for it to come back up.

3) Aim to build a mobile notary business. 

Make twice as much per hour on your OWN schedule - cash up front.

4) Read this article: 

Seven Steps Toward Making Money in the Next 30 Days

5) Get on the right lists!

In addition to the lists for notary professionals online, try these for quality ideas and business boosting.

a)  Out of Texas or in Texas - Join my email list 
b)  If in Texas, grab a free listing on Texas Notary
c)  Join Notary Side Gigs.  One of the members is making more staying at home than she ever did while working a full-time job.

Sunday, February 12, 2017

Seven Steps Toward Making Money in the Next 30 Days

If 100 people read this, I predict that out of that 100, no more than five take every step in this list.  They will be the winners!!


Step 1 Read Laura Vestenan’s Book*. It’s $24.95 and will give you a great map to help you start picking up non-loan, mobile notary work.

Step 2 – After that (or if you can’t afford the $24.95 right now), read this article (Targeting the Medical Field) that I wrote for the AAN years ago.  Do what it says. It WORKS. This is MY system.  Make fliers, put on your walking shoes, and approach EVERY doctor’s office in your area.
Don’t forget to go to every pharmacy, hospital, ambulance service, optometrist, dentist, etc., too. 

Step 3 – Now, read this article (Is Being a Signing Agent for You?) that I wrote for the AAN years ago.  Do what it says and market yourself! 

Step 4 - After you cover all the above, go to every single place you do business, remind them you are their customer, and leave business cards.  Get the word out. Get the word out. Get the word out.
Step 5 - Read this article (On my blog – Notaries, Do This And You Will Find Work) and do what it says.  This is to help you with loan work.

Step 6 – As soon as you have the $24.95, purchase and read Laura Vestenan’s book

Step 7 –  (a) Do all of these things and ASK QUESTIONS in the Texas group or on the Texas Notary Professionals and Friends to clarify what you do not understand.  

Step 7 (b) Okay, there are NINE steps but it’s a proven fact in marketing that seven or 13 just sounds better!  Step 7(b) is to announce on the group wall that you have completed every step and talk about when you got your first appointment.

Step 7 – (c) Get the training you need.  I personally recommend that you (1) Take Phyllis Traylor’s training course ASAP!!  (2) if you are not in Texas, the NNA provides great training, as well as the American Society of Notaries.

IN CLOSING: I invite Texas notaries to join our Facebook group.

The Texas Notary Professionals FacebookGroup was established to develop skills in notaries in Texas who want to be professionals.   

It isn’t to judge new people. 

I promise that as long I’m the owner of the group, it will be civil.  When it isn’t, I’ll shut it down.

No one has been rude in our group.  Let me know if you feel otherwise.   IM me on Facebook and I will handle it.  Recently, I was told that some of you are afraid to speak up in our group.  Again, IM me on Facebook and we'll set up a time to talk about it. I care about you or I wouldn't be here! 


Brenda Stone



Forecast: Half of your Loan Work will Disappear in 2017

I could be wrong.

I have been wrong before.

But, this isn't MY news.  

It's coming from sources who (like us) would rather see thousands 
and thousands of refinance loans originated daily.

If you feel negatively toward me about it, I regret that, but I feel right with myself for saying it, and almost panicky if I don't.

The other day, I posted that there would be a low number or refi loans in 2017 on a Facebook group.  A long-time notary posted back something about "pessimism" and "remember, all areas aren't the same!"

Pessimism would be me telling you something that was negative and unfounded.  

It's very simple. When rates go up, people don't refinance.

I am NOT pessimistic.  I am honest and I can read the experts' websites.

As far as  "all areas aren't the same..." well, that's an interesting remark and that is all I will say about it.

I've been in this business a long time.  Just because I haven't been hanging out on  Facebook groups has nothing to do with my longevity and understanding of the lending and mortgage business.  My experience goes back to 1984.  I have seen a lot.

I  seem to know when to hold and when to fold.

In the mid-2000s, I folded my little tent that said, "I am my own boss 100% of the time!" and found a job before all the good ones were gone.   I received countless emails and text messages in the next two years that said, "You were so smart to move out and get a job while you could."

I never shut down my business, but I didn't post "Hey y'all!  Why is it so slow?" each day hoping that it would not be.

I acted.

I grabbed a job, hated it, quit, and found another job I loved.  At that job, I learned a thousand new things to help me with my notary business.

There's nothing I would like better than to bring you sunshine and tell you that your signing agent career will be smooth sailing.  I can't. Forget it.  Put it on the back burner for now.

Look for other notary opportunities.

Refinance loans are not a good deal for borrowers when the interest rate is HIGHER.  No one wants to REFINANCE a loan to a HIGHER interest.  Therefore, you will see one-half the work that is available now and that doesn't factor in the thousands of new notaries who came into the business after reading (so I was told) about Dream Catchers / Live Richer's posts about the side hustle of notary work that have driven many sincere newbies into the  business.  They are investing, I fear, into something that won't give them a return on investment. I tried to join this group to try to explain it for myself, but I was rejected and banned after requesting entry.  [UPDATE 2/12/17 7:21 pm:  I have emailed the owner of the business regarding this issue and feel certain it is going to be resolved so we can get the right information where it should be.]

I am not a pessimist!  I believe in miracles.

I believe that a few loaves and fishes can be blessed and turned into enough to feed thousands.  I have been shamed about being negative and not believing that God has the power to fix this.

I believe in Jesus Christ.  I know Him.

I have experienced miracles, but let's don't ask God to do backflips and redefine up/down and high/low.  Let's ask Him to show us where we can go for new opportunities.

Most of the experienced notaries already know that the mortgage refi loans are drying up.  

Even so, I had no idea the predictions were as bad as they are.

Anyone who tells you that this isn't going to hurt the loan signing business either doesn't understand or stands to profit if more notaries stand around waiting for work, willing to take is for peanuts, and buying more stuff or services to find out the secrets.

I'm still shocked at the predictions by FreddieMac.

FreddieMac said we will have 55% less refinance loans in 2017 and less in 2018.

Read what INMAN has to say, as well.

The mortgage arena is still strong in purchases.  The economy is good, but interest rates are up.

There will be continuing equity loans, but maybe not as many.  According to FreddieMac, this is  because our standard IRS deduction will cause the mortgage interest deduction to lose its luster in many cases. Most of us will be getting it across the board in the standard deduction.

I feel like you would do well to focus on your general notary work / mobile notary area of your business now and get that side of your business up and running.

Diversify and focus on other work besides loan signings. 

I didn't say to stop learning about your loan work, but rising interest rates will truly put a slowdown on loan work.

There will still be reverse mortgages and home equity loans, but the burst of refinance mortgages that we saw in 2015-2016 came because interest rates moved DOWN a bit.

In 2016-2017 they will RISE.  Therefore, you will see the number of refinance loan cut in half.  I don't know the ins and outs of WHY...I just know that these sources say they will:

Refis are your bread and butter.

They are drying up.

Start looking into other avenues for income.  


Brenda Stone
Texas Notary Professionals Directory 

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