What are or what does a Signing Agent do?
Notary signing agents are hired as an independent contractor. to ensure that real estate loan documents are executed by the borrower, notarized, and returned for processing on time. Completing this critical part of the loan process enables the loan to be funded.
You should get as much training as you can it will make it easier to perform signings, although it is not required in most states and you will have to check with the state you reside to understand their requirements. Each state charges an application fee to become commissioned and you will be sworn in at your local government office. For my state, it cost about $50.00 and took about three weeks to complete the entire process.
You can sign on with any number of training providers and after you complete a course you will be placed in a database for signing services to contact you to do signings. Each signing can take between one and three hours but the actual signing of most loan documents should be under one hour. The ones that take the longest are reverse mortgages and are a little more involved however these are the most rewarding. This page will be updated as often as new information becomes available so come back often. I took two courses so I can only give my experience with each of them and I will give a review of the ones I used. I took a course given by NNA this seems to be the industry standard for all notaries that start out all though it is not required the majority of signing companies that seek out signing agents go here to find them. The membership is $69.00 for one year and they offer discounts for up to four years. The course can be taken independently from the membership but it’s a good idea to purchase the whole package because you get the NNA Certification as well as the required E&O insurance. I found the course information lacking severely inadequate to actually perform a signing so I looked for a course that taught the signings specifically and found Notary2Pro which I also took. I found this to be a lot better than what NNA offered and this level of training is needed to even begin thinking about going out to do a signing. In my opinion, the best way to achieve success if you are going to become a Notary Signing Agent is to get as much training as you can. Do your research carefully when you are going to sign up and pay for training. The best thing you can do is to find someone in your state to train you because each state has specific basic requirements on how signings are performed such as Reverse Mortgages, Refinances, conventional or VA mortgages.
This is like any other business in that it will take a few years before you learn the ropes and build up a reputation with signing companies or title companies. Here are some of the best deals I have found for items you will definitely need if you don’t have them already.
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