How To Become A Loan Signing Agent

What is a Loan Signing Agent?

Signing agents are notaries public, who usually have experience and/or training concerning the proper execution of loan documents and are hired as independent contractor by mortgage companies, escrow companies, title companies, and signing services to identify loan documents, obtain the necessary signatures, and in some cases deliver the documents to the borrower.

What Kind of Training Does a Loan Signing Agent Require?

 

Loan Signing Agent course 

 

What Are the Benefits of Becoming A Loan Signing Agent?

Signing agents are notaries public, who usually have experience and/or training concerning the proper execution of loan documents and are hired by mortgage companies, escrow companies, title companies, and signing services to identify loan documents, obtain the necessary signatures, and in some cases deliver the documents to the borrower. A signing agent is an impartial party to the transaction, and must adhere to the notary laws of their state or jurisdiction. In some states of the United States where signing agents are allowed, signing agents may identify documents and can point out terms to the loan transaction. However, signing agents are prohibited from giving legal advice or in any way explaining or interpreting the meaning of any terms or documents, and they are not permitted to prepare the documents, or alter them in any way. Any advice, explanation, or opinion can be considered unauthorized practice of law, except in the State of Louisiana, which is governed by Civil Law; in Louisiana, civil law notaries public have broad powers, and can actually prepare documents and discuss them with the signers.

 

 

Written by Andy Johnson