A Notary Signing Agent known as a Loan Signing Agent is a notary public, who characteristically has training and experience explaining the process and the proper execution and notarization of loan documents. Notary Signing Agents are hired by signing services, mortgage companies, escrow companies, and title companies to identify loan documents and obtain the necessary signatures.
The main difference between a Notary Public and a Notary Signing Agent is the focal point of their work. While Notaries Public contend with a wide variety of documents, Notary Signing Agents specifically handle home loan documents. A notary signing agent can make between $75 – $150 per appointment to execute the loan documents and they get paid by the hiring company.
To be a Signing Agent you will need the following:
- Be a commission Notary Public in your state
- Take a loan signing training course to become certified in the field. It’s very important to educate yourself on how to properly execute and notarize loan documents.
- Pass a loan signing agent exam and an annual background check that is compliant with the Signing Professionals Workgroup (SPW). The SPW creates, maintains, and promotes the professional standards for Signing Agents.
- Buy your Signing Agent supplies.
- Purchase an E&O insurance policy and/or bond.
By becoming a Notary Signing Agent you will have the flexibility of starting your own business on a part-time or full-time basis. You can be your own boss and have the flexibility of setting up your schedule so you can maximize your income potential.