Loan Signing Agents vs Notary Publics – Is There a Difference?

Loan signing agent and notary public are terms that are used often when it comes to signing off on deals and more. But you need to know which is the right choice for you when you have the requirement for one. So what exactly is a loan signing agent? What is a notary public? Are they the same?

To put it simply, all loan signing agents are notary publics, but not all notary publics are loan signing agents. It is similar to saying all apples are fruits but not all fruits are apples. Both loan signing agents and notary publics sw portland start off on the same path in their career but perform different roles for their clients. Read the article to learn more about what each role means and what provisions both notary publics and notary loan signing agents have to offer.

What is a notary public?

A Notary public is a government official who has been authorized to witness the signing of any and all legal documents. They have to have an active certification for the signing to be valid. He or she is a public officer bound by the law who is responsible for verifying the identities of all the parties involved in the signing of the legal documents. The notary public is also the government representative and witness in the signing of the documents and he is also the key person who signs off on the validity of the signed agreement. 

The Notary Public Beaverton Oregon  is the official who makes all the signed documents legally binding between the parties. Without the presence of a notary public, the official document will not be a legally binding one and hence inadmissible in the court of law.

What are some of the documents a notary public can attest?

Notary publics do more than just act witness to the signing of documents. They are also government officials who can officiate and affirm copies of documents. Some of the documents that the notary public can attest are financial documents such as property deeds, closing documents and loan documents. 

They can also attest legal documents such as court documents, powers of attorney, wills, trusts, and custody agreements. Some of the business documents the notary public can attest include employment contracts, leases, vendor contracts and construction agreements.

What is a loan signing agent?

A notary loan signing agent is a notary public with an additional certification. This certification gives the notary public the authority and knowledge to be able to guide borrowers through the entire loan signing process. The primary requirement for a notary loan signing agent is that they need to have complete and working knowledge of all the processes involved in the loan process. This way they will be able to assist their customers with the entire explanation about the loan. 

The loan signing agent will explain all the contract details to the client and guide them through the loan signing process. The notary loan signing agent is also responsible for notarizing all the agreements involved in the process. They are the most popular in the mortgage industry and the real estate industry. Some of the other industries that a loan signing agent works in include loan modifications, seller packages, and various other types of loans such as the following:

• Tax loans
• Loans for refinancing
• Equity loans
• Lines of credit
• Purchase loans
• Reverse mortgage loans
• Piggyback loans
• Commercial loans
• Equity loans

A loan signing agent in Tigard will usually be found working at dealerships for cars, banks, mortgage department or other mortgage based loan companies. This way they are always available on site whenever there is someone who needs assistance with their loans. Sometimes a loan signing agent is also available on call and will come to your assistance whenever you need them to.

How does one become a notary loan signing agent?

The first step to becoming a loan signing agent is to become a notary public in Tigard. They need to complete all the necessary qualifications and certifications and become authorized notary publics. After this step is complete, the notary public can move on to get additional qualifications and training to become a notary loan signing agent. Some of the methods in which notary publics can gain this additional training include:

• Using self-study guides and manuals available for learning
• Seminars and workshops for additional training 
• Online courses 

The most important part of becoming a notary loan signing agent is having the required knowledge of all the local rules and regulations of the state when it comes to signing for loans or mortgages. Once the notary public has enough knowledge of the same they can move on from being notary publics to becoming more specialized loan signing agents.

Conclusion

The roles of a notary public and a loan signing agent are important for all members of society. They are the backbone of all legal documentation and signing processes, which is what makes it an important job role to perform. If you are in need of assistance for a loan signing agent in Tigard or a notary public in Tigard, PDX Signings offers accessible ways in which a notary public and a loan signing agent can come with you for all your documentation processes.