| By :
Marilyn Katz
A loan signing agent or notary signing agent is a designation that some notary publics give themselves. They are specially trained to facilitate the process of getting a loan closed. These professionals may have special training in loan closings. This training and certification may not be required by law, but many mortgage companies do require it. To find out more about your own state requirements, find your state license department or a notary association. These agents are hired by mortgage companies, escrow companies, title companies, and signing services. They identify loan documents, obtain the necessary signatures, and in some cases deliver the documents to the borrower. This can make the whole process of closing a loan much simpler and more convenient. With a local agent, a borrower does not have to be in the same location as the loan company. Keep in mind that they must function as impartial 3rd parties to the contract closing transaction. A signing notary is not a lawyer or financial officer. They may be able to answer some questions about documents, but are usually not able to give any legal or business advice. If a borrower has any questions about the terms of their loan, they must ask the lender who prepared those documets. Even if a mortgage signing agent is hired by a mortgage company or other business, they do not represent the interests of that company. These days, mobile signing agents are becoming more and more popular. Many of them can collect documents electronically, print them off, and then deliver them to a borrower. Because the borrower does not need to be in the same city as the lender, this helps speed up the process and convenience of closing mortgage loans. How does a person become a notary signing agent? The first step is to get appointed as a notary public. This is an office that is appointed at the state level. The second step for most of these professionals is to obtain the special training and certification that will qualify them to help loan closings. This training is provided by a variety of notary associations. Many signing agents will come into the business with some experience or education that makes them particularly qualified to conduct this business. They may be paralegals or other types of legal professionals. Or they may have prior real estate experience as an agent or a broker. When working as a notary, they will not represent the company though. They will work as as a third party witness and help transfer documents from one place to another. Prior history that would disqualify a person from becoming a notary vary from state to state in the US. Having a felony conviction will disqualify a notary applicant in every state. Misdemeanor convictions may also result in a disqualification. If you are interesting in learning more about signing agents, or perhaps in becoming one yourself, you can check with your own state licensing division. Duties and requiremets do vary by state since that is the level this office is appointed at.
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