4 Industries In Which Mobile Notary Services Are Growing Fastest
Written By: NPN Staff Writer
December 10, 2018
There are many reasons why people become mobile notaries. For some, it’s because they enjoy the industries they work with. For others, it getting to meet the interesting people within those industries. Others want to make use of their ability to keep the details straight, and enjoy the good pay and flexible schedule that comes along with it.
If you are a certified notary signing agent notary, you can add one more checkmark in the “positives” column of being a notary: job security. The need for notaries keeps growing, and having a job as a notary means that you’re not going to run out of work anytime soon. Let’s take a look at some of the industries in which the need for notaries is growing.
Loan signings are one of the most common ways that mobile notaries make their money. In fact, 48-percent of full-time notaries report that more than half of their income comes from loan signings and mortgage signing services.
You won’t be surprised to know that the entire notary industry took a huge hit in 2008 during the housing crisis and the resulting Great Recession. From 2008 until 2012, there was a loss of notaries as the industry saw less a need for them due to people being unable, or unwilling, to purchase houses during uncertain times. Since 2013, the need for notaries has increased and is approaching pre-recession numbers.
As the economy recovered and people started to buy houses again, it wasn’t just notary loan signing agents that people were looking for; they also needed title signing agents (luckily, they’re one-and-the-same). As homes change hands, notaries are needed to ensure that the proper paperwork stays legal and is signed by the right people.
The need for notaries for title signings is only expected to go up. As the United States population continues to grow and age, more people will be purchasing homes, whether it’s their first home (Millennials) or Baby Boomers (selling their old home and purchasing another).
Notary For Debt Collectors
While it’s unfortunate that so many people find themselves getting into debt, that is good news for notaries who are interested in working with debt collectors. The industry continues to grow, and a mobile notary for debt collectors can continue to grow with it.
Verifying I-9 Forms
I-9 forms are issued by the U.S. Citizenship and Immigration Services in order to verify the identity of an employee and ensure that they are eligible for employment. Employers will often hire notary publics in order to verify the identity of the prospective employee and fill out the proper paperwork, acting as representatives of the company in order to make sure everything is filled out properly.
While I-9 forms do not require official notarization — no stamp is necessary — it only makes sense that a company will hire someone who is familiar with the identification documents required. Choosing a notary to work as an “authorized representative” is a no-brainer.
Being a Notary Has Its Privileges
As you can see, there are some very important industries in which notaries are constantly needed. If you are a notary and would like to work with a notary service like National Paralegal & Notary, you can join right here!
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