A loan signing agent's skills and duties are nearly identical to those of a mobile notary Colorado. The practical aspects of the work, on the other hand, vary greatly. In this post, we will highlight the differences between a loan signing agent and a mobile notary agent.
There are countless mobile notaries in Colorado and a lot of them also offer loan signing services. Nevertheless, not all mobile notaries are loan signing agents, whereas all loan signing agents are mobile notary public.
Now let's shed light on the differences between a mobile notary and a signing agent:
A mobile notary in Colorado has the authority to authenticate the identification of the signers and witness signatures, whereas signing agents are authorized to guide borrowers through specialized loan agreements. Thus, a loan signing agent is a notary public that not only aids the lenders in navigating the borrower through their loan documentation, but also handles any concerns the borrower may have about their loan, whether it is for buying a house, a car, or setting up a business.
On the other hand, a mobile notary lacks that certification. Because a mobile notary lacks the competence or expertise to deliver information to their clients, their role is limited to confirming the parties' agreements and witnessing the signatures on legal documents.
Loan signing agents are most commonly found in the mortgages and real estate industries, as they are licensed to guide borrowers in closing loans and notarize documents. However, these agents could be experts in a variety of other industries, such as refinance loans, purchase loans, seller packages, tax loans, reverse mortgage loans, commercial loans, equity loans, piggyback mortgages, loan modifications, and much more.
A Mobile notary Colorado, on the other hand, performs a variety of important tasks, including authenticating the names of the parties involved, validating their signatures, and signing off on the agreement's legitimacy. In addition to administering oaths and affirmations, a mobile notary is authorized to certify lots of important documents. The following are examples of documents that a notary might sign-- property deeds, closing documents, trusts, wills, court documents, Powers of Attorney, leases, employment contracts, construction agreements, vendor contracts, and lots more.
Another point worth emphasizing is that, while a mobile notary can supervise loan signings, the main difference between a loan signing agent and a mobile notary is that the latter is authorized to walk the borrower through the loan process in addition to notarizing loan documents.
How to Become a Loan Signing Agent?
A career as a loan signing agent is a rewarding one. First and foremost, you must be a notary public. If you are already one, the next step is to get more training to understand the complexities of loan signature.
How to Become a Notary Public?
To become a notary public, you must first meet your state's requirements. For example, you must be 18 years old and a United States citizen to apply. You must also be able to communicate in English. Some States, on the other hand, may require extra educational courses, written tests, and exams, whereas others only require a single test to become certified.