oboloo Glossary

Loan Signing Agent Vs Notary Public

oboloo Glossary

Loan Signing Agent Vs Notary Public

A Loan Signing Agent is a certified professional who is authorized to complete loan-signing services for lenders. This includes verifying the identity of the borrower, obtaining the signature from them on the necessary documents, and providing proof that all steps have been taken in a compliant manner. On the other hand, a Notary Public is a qualified individual who is appointed by their state or local government to witness any document and certify it as legally valid. A notary must also verify the identity and signature of the person signing the document before they can provide their certification. While both roles require a certain level of expertise, a Loan Signing Agent provides more specialized skills for mortgage transactions.