What Differs a Loan Signing Agent From a Notary Public?

A mobile notary loan signing agent and a regular notary public may not appear to differ significantly at first glance. Signing agents, on the other hand, can provide some extra services that a conventional notary cannot. Both are available from Trending Notary, however one may be more appropriate for your needs than the other depending on the type of documentation you are working with. Here is a comparison of the two if you’re unsure which one you require. Check the differences loan signing agent vs notary public.

Agent for Loan Signing or Notary Public

In essence, a notary public just confirms a signer’s identity and sees them signing a document. They primarily deal with pretty basic, straightforward papers like real estate deeds, wills, trusts, and employment contracts and charge by the signature.

Although they are all notaries, loan signing agents have additional training in the loan procedure. Having a person who knows the procedure and can notarize the signatures can save time and money as many loan agreements can be considerably more difficult than the documents an ordinary notary handles.

To avoid delays in completing the paperwork because of a lost signature or other error, a loan signing agent can guide you through the lending procedure and ensure that you initial or sign everything required. According on the anticipated length of the appointment and the complexity of the documents being evaluated, loan agents often charge a flat fee.

Conditions for Loan Signing Agents

Loan signing agents often need additional training and screening due to their added obligations and responsibilities. They must normally submit to a background check and get a signing agent license or certification, though the specific criteria depend on the state. Some may additionally possess extra qualifications, such a license for title insurance.

Are Loan Signing Agents Necessary?

Hiring a loan signing agent to guide you through the process can be a good option if you’re making a significant or complicated purchase or financing choice. Make sure things are accurate on the first go because paperwork mistakes may be a significant hassle or even lead to a deal falling through. A signing agent can assist in making sure that occurs.

Pdx Signing Notary can assist if you need a loan signing agent or a notary public. Our mobile notaries public are based in Portland, Oregon and are available to come to you for all your document handling and notarization requirements.