Notary Signing Agents (NSAs) facilitate loan closings for the mortgage finance industry. Before starting the NSA certification process, you must be commissioned as a Notary Public.
A NSA is a Notary who is specially trained to handle and notarize loan documents. For lenders, Notary Signing Agents are the critical final link to complete the loan. A Notary Signing Agent is hired as an independent contractor to ensure that real estate loan documents are executed by the borrower, notarized, and returned for processing on time. Completing this critical part of the loan process enables the loan to be funded.
NSAs play an important role in the mortgage loan signing process, serving as the final step before a borrower's loan is approved. Given the amount of direct access to private financial information, the mortgage industry has mandated annual background screenings for Notary Signing Agents and everyone involved during a loan signing.
Notary Public who performs signing services should show proof that he or she maintains a minimum of $25,000 Notary errors and omissions policy. This kind of policy only covers notarial errors and should not be confused for a Notary surety bond or a general small business liability insurance policy.
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