NOTARY SIGNING AGENT
What is a Notary Signing Agent?
A Notary Signing Agent is a Notary who has been trained to handle loan documents. Lenders and title companies hire Signing Agents as independent contractors to assist in the last step of the loan process.
What is the difference between a Mobile Notary and a Loan Signing Agent?
The main difference between a Mobile Notary and a Notary Signing Agent is the focus of their work. While Notaries encounter a wide variety of documents, Signing Agents specifically handle home loan documents.
Mobile Notaries and Notary Signing Agents are both required to have a traditional Notary commission, but NSAs must also pass a background check and an exam every year. Some states have specific restrictions related to real property documents and may require additional professional licenses.
What Do Notary Signing Agents Do?
RESPONSIBILITY
The responsibilities of a Notary Signing Agent generally include printing loan documents, meeting the signer and notarizing their signature, and quickly returning the documents for processing.
COMMUNICATION
NSAs are also responsible
for following any additional instructions from the lender, title company or
signing service that hires them for loan closing work. For example, an NSA
may be asked to fax back documents right away or use a specific mailing
service to return the paperwork safely.
SECURITY
Since Notary Signing Agents have access to private financial information
about borrowers and are sent into their client's home, the mortgage finance industry requires all Signing Agents to undergo a background screening on an annual basis. This helps prevent mortgage fraud and ensures the consumer's information is secure.