Which one do I need?, a Notary Public, a Loan Signing Agent or both?
At some point in time you’ll need both. The particular document you have that needs to be notarized will dictate the type of Notary you will need. Let’s look at the definition of each role.
A Notary Public is a public official where here in California is appointed by the Secretary of State. Notaries Public serve the public as an impartial witness in performing a variety of official fraud-deterrent acts related to the signing of important documents.
What is a Loan Signing Agent? A Loan Signing Agent is a Notary Public who facilitates loan closings for the mortgage finance industry. Loan Signing Agents have been specially trained to handle real estate and loan documents. Lenders and Title Companies hire Loan Signing Agents as independent contractors to assist in the last step of the loan process. All Loan Signing Agents are Notaries Public but not all Notaries Public are Loan Signing Agents.
Anyone who meets the requirements to be a Notary Public in their state can become a Loan Signing Agent. Any questions you have about Notaries, finding a Notary or even becoming a Notary and/or Loan Signing Agent, the National Notary Association can address all of your concerns and answer all of your questions.