When it comes to closing a loan, whether it’s a mortgage, a personal loan, or a business loan, the process can be daunting for any borrower. This is where a loan signing agent comes into play. A loan signing agent is a notary public who specializes in the signing and notarization of loan documents. But not all loan signing agents are created equal. Hiring a certified loan signing agent can make all the difference.
A certified loan signing agent is a notary public who has undergone additional training and certification in loan document signing. This training covers the various loan types, the documents involved in each loan type, the applicable federal and state regulations, and industry best practices. After completing the training, the notary public takes an exam and gets certified as a loan signing agent.
Being a certified loan signing agent means that the agent has the necessary knowledge and skills to conduct a loan closing seamlessly, accurately, and efficiently.
1. Expertise: A certified loan signing agent is more knowledgeable about loan documents, loan types, federal and state regulations, and best practices. This means that they can identify any discrepancies, errors, or missing information in the loan documents and correct them before closing the loan.
2. Accuracy: A certified loan signing agent is more accurate and precise in their work. They ensure that all the loan documents are signed, dated, and notarized correctly and in the right order. This eliminates any potential errors and saves time and money in the long run.
3. Efficiency: A certified loan signing agent is more efficient in their work. They work quickly but thoroughly to ensure that the loan closing process is completed on time and without any delays. This gives borrowers peace of mind and reduces the stress associated with the loan closing process.
4. Compliance: A certified loan signing agent is more compliant with federal and state regulations. They are aware of the various laws governing loan closings and ensure that all the necessary steps and procedures are followed. This protects borrowers from any potential legal issues that may arise from non-compliance.
The first step in finding a certified loan signing agent is to check with your lender. Most lenders have a list of approved agents that they work with. This ensures that the agent is familiar with the lender’s loan documents and procedures.
You can also check with professional organizations such as the National Notary Association, the Loan Signing System, and the Signing Professionals Workgroup. These organizations maintain lists of certified loan signing agents that you can search by location.
Lastly, you can use online directories such as Notary Café, 123notary.com, and SigningAgent.com to find certified loan signing agents in your area. These directories allow you to search for agents by location, certification, and specialization.
Closing a loan can be a stressful and overwhelming process. However, hiring a certified loan signing agent can make the process easier, more accurate, and more efficient. A certified loan signing agent has the necessary expertise, knowledge, and skills to ensure that all the loan documents are signed, dated, and notarized correctly, and that the loan closing process is completed on time and without any delays or legal issues.
If you’re planning to close a loan, make sure to work with a certified loan signing agent to ensure a smooth and successful closing.