What is a Notary Public Loan Signing Agent?

I'm frequently asked, Mark, what exactly is a loan signing agent? I mean, you may have a basic understanding of what a loan signing agent is, but you still may have some questions. I mean, at the end of the day, what exactly does a loan signing agent even do? I mean, what's the biggest difference between a notary public loan signing agent and simply a notary public? And the biggest question I get is why can get paid as much as chiropractors and accountants and even some attorneys with only a fraction of the training? Or you may not know anything at all about what a loan signing agent even is or what they do. This video will help clarify. So first, let's differentiate between a notary public loan signing agent and a notary public. A notary public simply witnesses signatures, that's it. And charges per signature witnessed. A loan signing agent witnesses, signatures and knows how to walk a borrower through the loan signing process. There are roughly 100 to 150 pages in a standard set of loan documents that need signatures, initials and dates on them. A loan signing agent knows exactly where the borrower needs to sign, date and initial those loan documents. And that is the difference between a notary public loan signing agent and a notary public. A notary public loan signing agent does not charge by the signature or stamp like a notary public. A loan signing agent charges a flat fee of 75 to $200 for their skill of knowing how to execute a loan signing. But the bigger question is why do notary public loan signing agents get paid so much money for such an easy task? I mean, you're essentially walking a borrower through a set of loan documents and you're watching them sign paperwork. It's the easiest task once you know what you're doing. Loan signing agents get paid so much because they are an instrumental part of the real estate transaction closing process. And timing and accuracy are vital to a loan closing. Loans have to fund in time for deadlines to be met. And a poorly executed loan signing, meaning missed signatures, miss dates and forms not filled out, etc. Can delay a funding costing escrow officers or mortgage officers thousands of dollars in rate, lock extensions, close of escrow penalties and even lost commissions. Or in the worst case, a buyer could miss out on the home they're trying to buy. And this is why a loan signing agent get paid as much as chiropractors, accountants or even some attorneys on a per hour basis. In conclusion, a notary charges per signature witnessed. A notary public loan signing agent charges a flat fee for completing the task of making sure a borrower signs a set of loan documents correctly and accurately. So you should be asking why does a signing agent need to be a notary at all? And it is because on average three to five pages within the 100 page loan document set will need some things notarized except acknowledged, which can only be performed by a notary public. But once again you do not charge for those signatures witnessed, just a flat signing agent fee of 75 to $200. The best part about being a notary public loan signing agent is unlike real estate agents, appraisers or mortgage officers, you do not need a special loan signing license. You simply need an active notary Commission. And roughly 80% of states you can get your notary commission by simply filling out an application. That's it. Just like you would apply for a credit card, you apply to be a notary public. And there are a handful of states that do require short tests and training course. And the training courses can be done online and in your house. And so once you have your notary commission, all you'll need is your notary supplies and the knowledge of how to walk a borrower through a set of loan documents. And that I will teach you. And once you learn that skill, you can make 75 to $200 for an appointment that rarely takes longer than an hour and a half. That is why being a notary public loan signing agent is the best kept secret in the real estate industry. The loan signing system is the number one rated course that is guaranteed to give you the knowledge on how to make money as a notary public loan signing agent. So what are you waiting for? Click on the link below to get my step by step course on how to become a top loan signing agent.