what is a notary signing agent

1 year ago 41
Nature

A Notary Signing Agent is a specially trained notary public who is authorized to work with loan documents, particularly in the final steps of a loan closing process. Their responsibilities include printing loan documents, meeting with signers to notarize their signatures, and promptly returning the documents for processing. Notary Signing Agents are hired as independent contractors by lenders and title companies to ensure that real estate loan documents are executed by the borrower, notarized, and returned on time. They may also perform courier services to ensure that completed loan packages are returned to the lender in a timely fashion. Notary Signing Agents can earn income for notarizing signatures on loan documents and for performing courier services. They are typically paid per assignment, with the amount varying based on factors such as the contracting company, the type of client (lender or escrow office), and the number of assignments completed in a day. To become a Notary Signing Agent, individuals must first be state-commissioned notaries and may need to complete a training course covering Notary Signing Agent duties, responsibilities, and limitations. Additionally, they may need to carry Errors and Omissions (E&O) Insurance for their basic notarial duties and Signing Agent work. Notary Signing Agents are in high demand, particularly in the context of real estate transactions, and can provide employment opportunities through loan signing appointments.