Did you know that while all signing agents are notary publics, the reverse is not true— not all notary publics are signing agents? This fact holds in the United States, where there are nearly 4.4 million notaries, and a substantial percentage of them also function as loan signing agents.

In various professional settings such as corporate offices, banks, or car dealerships, the services of notaries or signing agents are often in high demand. Whether it’s facilitating transactions in a corporate environment or handling legal paperwork in a financial institution, having a qualified professional who can verify identities and witness signatures is crucial for maintaining a smooth and efficient workday.

Now, you might wonder about the distinction between a notary and a signing agent. Although they share similar beginnings, they serve different roles. Notaries primarily focus on verifying identities and witnessing signatures, ensuring the authenticity of legal documents. On the other hand, signing agents undergo certification to guide borrowers through the specific documents involved in loan signings.

The Difference Between Loan Signing Agents and Notary Publics

Here’s the distinction: Loan signing agents are notary publics with certification specifically tailored to assist lenders in guiding borrowers through their loan documents. Their role extends to addressing any queries the customer may have regarding their loan, be it for a vehicle, a home, or a business. On the contrary, notary publics lack this specialized certification. Consequently, notaries do not possess the capability or expertise to provide information to their customers. Their primary responsibility is to confirm the parties’ agreements and witness signatures for legal documents.

If you’re uncertain about whether your document or contract necessitates a notary public or an expert loan signing agent, refer to this concise guide outlining the differing capabilities of the two.

What Is A Notary Public?

A notary public is a legal officer appointed by law and authorized to witness and validate the signing of legal documents. Engaging the services of a notary public entails fulfilling three essential purposes:

  • Confirm the identities of all participating parties
  • Witness signatures between them
  • Sign off on the validity of the agreement

While notary publics are tasked with verifying identities and witnessing signatures, their certification extends to administering oaths, affirmations, and certifying copies of crucial documents. Among the various documents a notary might authenticate are:

Financial:

  • Closing Documents
  • Property Deeds
  • Loan Documents

Legal:

  • Wills
  • Trusts
  • Custody Agreements
  • Powers of Attorney
  • Court Documents

Business:

  • Vendor Contracts
  • Leases
  • Construction Agreements
  • Employment Contracts

It’s worth noting that notary publics play a role in witnessing loan signings, prompting the question: What is the role of loan signing agents? While signing agents also possess the ability to notarize loan documents, their distinctive function lies in guiding the borrower through the process and agreement.

What Is a Loan Signing Agent?

A loan signing agent (LSA) is a certified notary public equipped with the necessary credentials to navigate borrowers through the intricacies of the loan process. The essential requirement for LSAs is to gain a comprehensive understanding of the loan procedures, enabling them to effectively aid lenders in clarifying the contract details to the customer.

As LSAs are accredited to aid borrowers in finalizing loan transactions and notarizing agreements, their presence is notably significant in the mortgage and real estate sectors. However, these agents may also focus on various other industries and processes, encompassing:
  • Seller Packages
  • Loan Modifications
  • Tax Loans
  • Refinance Loans
  • Purchase Loans
  • Equity Loans and Lines of Credit
  • Piggyback Loans
  • Reverse Mortgage Loans
  • Commercial Loans
    • Signing agents typically operate within dealerships, banks, and mortgage loan companies to ensure on-site availability. Nevertheless, it’s not uncommon for mobile LSAs to arrange meetings with businesses and clients as needed.

    Notary publics and loan signing agents serve as indispensable pillars supporting numerous companies and individuals throughout the country. Whether you’re securing a loan for your home or requiring notarization for a critical medical document, access to a qualified notary or LSA is essential. The great news is that finding the right professional for the task is made easy with Pryor Mobile Notary Services. What’s even better? Our certified agents are ready to come to you—anytime, anywhere. They come equipped with your necessary documents and can even handle the shipping process for you if required.