Becoming a Certified Loan Signing Agent
Frequently Asked Questions
Considering becoming a Loan Signing Agent is very exiting. We will teach you how to work with the mortgage industry to facilitate loan closings.
You must have a current Notary Commission to start.
In order to become a Loan Signing Agent in the state of California you must have a current Notary Public Commission.
- Loan Signing Agent,
- Signing Agent,
- Loan Documents Specialist,
- Certified Notary Signing Agent.
Is specially trained in handling and processing real estate loan documents.
The agent is hired as an independent contractor to meet with a borrower, or seller to ensure that the loan document packet/forms have been signed, dated, and notarized.
There can be 20-40 or more documents that may need to be signed , initialed , or notarized. Not all these forms require notarization, however, each need to be acknowledged in some form. The loan signing agent is a vital part of the process and if the transaction is performed correctly will insure funding of the loan.
The average home loan transaction or refinance amount of each loan can be in the hundreds of thousands if not millions of dollars.
These time sensitive loan documents require specialized training to insure funding. In the lending industry; banks, mortgage, escrow, & title companies will only trust their transactions to a trained certified loan signing agent. Certification will give you the skills and knowledge to become a highly requested notary loan signing agent.
A loan signing appointment will usually take about 1-hour. For a set of loan documents depending on the amount of signers (Borrowers). You can expect to earn $100-$250. The average notary loan signing agent working part-time will typically process 2-4 sets of loan documents per week.
As a loan Signing Agent you are paid for notarization services per document and per signer. You are also paid for printing (should that be requested) or pick-up and delivery of completed loan document packet.
You should negotiate your fee based on travel, expenses and demand for services in your area. Suggested fees will discussed in your signing agent course.
Getting started as a Loan signing agent is exciting. Understanding the various assignments, processes and packages are crucial to your obtaining clients and increasing your earning potential.
How you make money in the field of loan signing will be covered in your training and the different methods of earning as a Loan signing agent will also be covered.
Having additional insurance is not required. However purchasing Errors and Omission insurance is recommended. E&O insurance will cover you against unintentional mistakes.
The supplies you are using as a commissioned Notary Public; Notary Journal, Notary Stamp/Seal, Ink-less thumb-printer, Notarial Certificates.
Additional Signing Agent necessities
- Mobile Phone
- Reliable Transportation
- Printer – Legal & Letter size
- Notary / Signing Agent Receipt Book
- Invoice Software
- Fax Machine
Signing Agent Identification