Notary Signing Agents

According to Wikipedia: In American law, a signing agent or courtesy signer is an agent whose function is to obtain a formal signature of an appearer to a document. In common parlance, most jurisdictions require the appearer to sign before a notary public. 

But it is much more than that, a Notary signing agent is a Notary who is specially trained to handle and notarize loan documents. For lenders, Notary signing agents are the critical final link to complete the loan. A Notary signing agent is 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.

There is no set fee schedule for Notary signing agents who perform loan document signing assignments. Signing agents are paid for notarizing documents, but also for courier services and delivery of completed loan packages. Each signing agent must negotiate their own fees based on their business expenses, the companies they work with, travel and time required for assignments and the demand for services in their area.

Be aware that the federal government strictly prohibits collaboration to set fixed fees for loan document signings, including price-fixing agreements, boycotts or attempting to persuade other signing agents to agree to charge an established minimum fee.

What are the duties of a notary signing agent? Their duties include making sure legal documents are authentic, checking the identity of the person signing the document, serving as a witness for the document being signed, collaborating with the buyer and seller, and notarizing all required signatures.

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