What is a Signing Agent?
First, let's start with the title.
Also known as:
Loan Signing Agent,
Notary Signing Agent,
Certified Loan Signing Agent
Loan Doc Specialist
Loan Signing Specialist
All the titles mentioned above mean the same thing:
A Certified Loan Signing Agent is a Commissioned Notary Public that either has extensive experience in the loan signing industry, which could mean working for an escrow, title, mortgage, or other companies dealing in real estate. Or is a commissioned Notary Public that has taken additional training to learn how to perform the duties of a Certified Notary Loan Signing Agent.
A Notary Public & Signing Agent are the same.
A Notary Public is different from a Signing Agent and has two district and separate responsibilities.
A California Notary Public is commissioned by the California Secretary of State. The California Secretary of State while pertaining to notarization, does not mandate or require any additional training other than the prescribed training regulations provided by the Secretary of State. Also, it must be noted that a notary surety bond will not cover any issues related to "loan docs" only the ones that are notarized.
A Signing Agent is not licensed, commissioned, or certified by ANY state agency. There are no state testing or exam requirements solely for loan documents.
Let's say you have 200 documents ( a set of loan documents) let's also say out of the 200 pieces of paper ten require notarization. Since you are a commissioned Notary Public you can notarize the 10 documents. That now leaves 190 documents that do not need notarization, however need the skill and training of a SIGNING AGENT.
As a Notary Public, you are trained to notarize documents that require notarization. Loan Documents may average from 60-200 plus documents per set, however within the set of loan documents you may be required to notarize only certain documents, and the remaining are not notarized, this is where the Loan Signing Agent comes in. Basically, as a Loan Signing Agent, you are wearing two hats, one as a notary the other as a signing agent.
Loan Signing Agent Duties
There are multiple duties required of a notary signing agent; however, the primary function is to obtain signatures, initials, packaging, and notarizing. An average of 60-200 plus documents within a loan package requires action, either with descriptions, signatures, required information, etc. The trained Notary Loan Document Specialist is well-versed in all aspects of a loan signing session and is a crucial part of loan funding.
Signing Agent Courses
Provides a clear understanding of the documents, processing, and requirements involved in a loan signing appointment, which expedites the funding of a loan. An inexperienced or non-certified notary will cause unnecessary delays in the processing of a loan, which will negatively affect the client, the signers, and will most assuredly tarnish the notary's reputation, thereby guaranteeing no future assignments. It is the training company that provides the student with Certification.
Understanding the process is crucial to becoming an NSA or Notary Signing Agent. Notaries Public interested in expanding their commission to include becoming a loan signing agent will begin to search the internet for options. Keeping in mind building a foundation on loan signing fundamentals is the best start.
How do I get loan signing jobs?
How am I paid?
What if borrowers won't sign?
Will I need additional Insurance?
What if I don't have a printer?
Is someone available to help answer questions after hours and on weekends?
Can I do loan signings as a side gig?
Will I need to invest more money?
How can I get started with zero experience?
Is there a demand for loan signing agents?
What if I am a new notary?
State Signing Agent Licensing
Currently, there is no state certification, licensing, or education requirements for a notary interested in becoming certified as a notary loan signing agent. However, most lenders will require, at the very minimum, any notary public interested in consideration for a signing agent assignment/ job must have training/certification or experience. California Notary Classes in-depth Certified Loan Signing Agent Training is offered online or our most requested, one-on-one course. Whichever you decided, you are on a path to success!