No photo available
This notary signing services company was built from the Seller’s interest in being a notary public. Discovering more demand via the thriving mortgage industry than one person could handle, he started building a stable of signing professionals across the country to which he could outsource signing services on behalf of a growing number of mortgage, banking and lending companies in need of reliable intermediaries to close transactions in a timely manner.
Through hard work and determination, the Company has become a leading third-party vendor to mortgage and title insurance companies nationwide. When a client has any type of mortgage product that needs to be legally signed before a transaction can be closed, they will either place an order with the Company, namely through the secured scheduling platform, and solicit assistance in finding a signing professional (i.e., notary, attorney) to execute the request. Upon receipt of the request, an internal order is created and the scheduling process using the national database begins.
The Company then schedules a notary, coordinates the signing and oversees the process from start to finish in real time. This often entails communication with homeowners, lenders, realtors, escrow agents and, of course, the closing agent.
NDA is required to secure comprehensive Confidential Information Memorandum (CIM) crafted by broker.
Facilities: The Business just moved into a new 420 square-foot, 3 office, furnished space in a Regus-managed building. The lease of $2,000 per month runs through 2022.
Competition: Competition can be stiff in some markets where mortgage business has been booming, but like every other business, those that offer value and professionalism over simply being “less expensive” always win in the long run. Offering extended business hours has given the business an edge over competitors as has the ability to talk to a live person when conducting closing after normal business hours.
Growth and Expansion: To ensure that long-range goals are reached, a Buyer should maintain current business relationships, make face-to-face visits when possible; invest in a salesperson or marketing service and to be present in networking spaces when possible to increase visibility.
-Ensure the staff remains knowledgeable of industry updates through ongoing training and support.
-Maintain quality control of staff or signing workforce.
- Ask clients for their business. Sometimes letting the client know that the Company is open and capable to handle more leads to more requests.
Financing: TBD if structure and terms are acceptable.
Support & Training: To ensure a smooth transition and ongoing success the Sellers will work with a buyer as needed for a month and/or as a consultant as negotiated.
Reason for Selling: The Seller looks forward to reconnecting with family and supporting charitable foundations.
Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum.