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Loan Signing Agent Vs Notary Signing Agent

oboloo Glossary

Loan Signing Agent Vs Notary Signing Agent

Loan Signing Agents and Notary Signing Agents are two separate roles, each with unique sets of responsibilities.

A Loan Signing Agent is a professional who works with borrowers to complete closing documents associated with mortgage loans, home equity lines of credit and other consumer loan products. To do this, they must undergo specialized training and be knowledgeable about the various loan types and the corresponding paperwork, as well as have a full understanding of state-specific notary laws.

Notary Signing Agents, on the other hand, provide a more general set of services related to document notarization. They verify signatures, witness oaths for documents, and protect against fraud by verifying that signers are indeed who they say they are. Their scope of work is limited to the state in which they are commissioned, and is generally non-document specific.

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