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A notary signing agent is a notary public who is specially trained to handle and notarize loan documents. The loan documents are usually signed by the borrower at the closing of the loan.
The Notary Signing Agent is responsible for ensuring that the borrower understands the documents and is not being coerced into signing them.
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Introduction
A notary signing agent (NSA) is a notary public who specializes in the fulfillment of real estate loan documents. NSAs are contracted by title companies, banks, and other lending institutions to notarize loan documents for home buyers and refinance customers.
Becoming a notary signing agent in Texas requires that you first become a notary public. The process of becoming a notary public in Texas is relatively simple and can be completed in a matter of weeks. Once you have been sworn in as a notary public, you can then complete the necessary training to become a NSA.
The following guide provides an overview of the steps you will need to take to become a NSA in Texas.
What is a Notary Signing Agent?
A Notary Signing Agent (NSA) is a notary public who has been specially trained to handle real estate loan signings. When borrowers are unable to meet with loan officers in person, they rely on NSAs to witness their signatures and notarize their document.
NSAs must be detail-oriented and able to explain complex legal documents in layman’s terms. They must also be able to work quickly and efficiently, as borrowers often have a limited amount of time to sign their documents.
In order to become an NSA in Texas, you must first become a notary public. You can do this by taking a state-approved course and passing the state exam. Once you have your notary commission, you can then take a course specifically for NSAs. These courses are offered by both private companies and community colleges.
Once you have completed the NSA course, you will need to pass a background check and submit an application to the Texas Secretary of State’s office. If you are approved, you will be added to the state’s list of NSAs. At that point, you will be able to start working with title companies, real estate agents, and lenders to help borrowers complete their loan document signings.
The Duties of a Notary Signing Agent
A notary signing agent is a notary public who is specially trained to handle and facilitate real estate loan closings. Also known as loan signing agents, these professionals are hired by title companies, escrow companies, mortgage brokers, and other entities involved in the real estate or loan industry. Notary signing agents must be impartial witnesses to the signing of mortgage documents and other real estate-related paperwork, and must ensure that all parties involved understand the documents they are signing. Notary signing agents are notaries public, and as such must be commissioned by the state in which they will be working.
The Qualifications of a Notary Signing Agent
Notary signing agents are notaries public who have undergone specialized training to become experts in the field of loan document signings. They must be commissioned by the state in which they will work and must pass a comprehensive exam administered by the National Notary Association (NNA). In Texas, notary signing agents must also complete a six-hour course approved by the Texas Secretary of State.
Notary signing agents are responsible for verifying the identity of loan applicants, witnessed signatures on loan documents, and ensuring that all documents are properly executed. They may also be required to provide loan applicants with information about the loan process and their rights and responsibilities.
To become a notary signing agent in Texas, individuals must first become commissioned as a notary public by the state. After completing the necessary education and training requirements, they must then pass an examination administered by the NNA.
How to Get Started as a Notary Signing Agent in Texas
Becoming a notary signing agent in Texas is a relatively simple and straightforward process. Below are the steps you will need to take in order to become a notary signing agent in Texas.
1. The first step is to purchase a surety bond from an authorized surety company. The surety bond must be in the amount of $10,000.
2. Next, you will need to obtain an application from the county clerk in the county where you reside. The application will need to be notarized and accompanied by the required fee, which is typically around $25.
3. Once you have completed the application, you will need to submit it to the county clerk along with your surety bond and the required fee. It typically takes around two weeks for the county clerk to process your application and issue your license.
4. After you have received your license, you will need to complete a Notary Education Course offered by either the National Notary Association or the American Association of Notaries. Upon completion of the course, you will receive a Certificate of Completion, which you will need to submit to the county clerk along with your license renewal application every two years.
The Notary Signing Agent Exam
In order to become a Notary Signing Agent in Texas, you must first pass the Notary Signing Agent Exam. The Exam is administered by the National Notary Association and is available online or by mail.
You will need to provide your full name, email address, and mailing address to the National Notary Association in order to register for the Exam. The Exam fee is $50 for members of the National Notary Association and $75 for non-members.
The Exam consists of 50 multiple-choice questions and must be taken on a computer with internet access. You will have 1 hour and 30 minutes to complete the Exam.
You must score a 70% or higher on the Exam in order to pass. If you do not pass the Exam, you may retake it one time within 6 months of your initial attempt for an additional fee of $50 for members or $75 for non-members.
Notary Signing Agent Fees
Notary signing agents are contracted by title companies, loan officers, and mobile notaries to ensure that all documents are properly notarized prior to the close of a real estate transaction. In the state of Texas, notary signing agents must be commissioned by the Secretary of State and must adhere to the requirements set forth by the state.
Notary signing agents are responsible for verifying the identity of the signers, witnessing the signing of documents, and ensuring that all documents are properly notarized. In addition, notary signing agents may also be required to administer oaths, certify copies, and take acknowledgments.
Notary signing agents typically charge a flat fee for their services. This fee is generally based on the type of document being notarized and the number of signers. Notary fees in Texas range from $6 to $25 per signature, with an average fee of $10 per signature.
Notary Signing Agent Supplies
As a notary signing agent, you will need to have certain supplies on hand in order to do your job correctly. These supplies include:
-A notary stamp or seal. This is used to stamp or seal official documents.
-A notary journal. This is used to record details of each notarization you perform, including the date, time, type of document, and the names and signatures of all parties involved.
-A bond. This is a type of insurance that protects you from liability in case you make a mistake while performing a notarization.
-E&O insurance. This is another type of insurance that protects you from liability in case you make a mistake while performing a notarization.
You will also need to have a basic understanding of Texas notary laws and procedures. You can find this information online or by taking a course offered by the Texas Notary Public Association.
Notary Signing Agent Marketing
As a notary signing agent, you are responsible for ensuring that all documents related to a real estate transaction are properly signed and notarized. In order to be successful in this business, it is essential that you have a strong marketing strategy in place.
There are a number of different ways that you can market your services as a notary signing agent. One of the most effective methods is to create a website and use social media to promote your business. You can also distribute flyers and brochures in local real estate offices, title companies, and banks. In addition, developing relationships with local real estate agents and loan officers can be beneficial in getting your name out there.
