Notarization has become easy because of the convenient remote online notarization platform. However, before notarizing documents, we need to know certain things, including the Loan Signing Agent and Notary Public. 

Many people get confused about Loan Signing Agents and notary public because of their work. Not all loan-signing agents are notaries, but there is so much to know about them.

But before that, did you know that, according to the NNA report, the country has witnessed a remarkable number of notaries, which is 4.4 million worldwide?  

While the number of Notaries in individual states varied—with some seeing steep growth and others a decline—the total U.S. Notary population remained remarkably stable at 4.4 million, ensuring that document signers across the country will have enough Notaries available to meet their needs.

What is a Notary Public?

The Notary Public is an officially authorized person who notarizes the documents. An act as an Authenticator who ensures your identity and witnesses the signing of the documents. A notary public is an official appointed by the government. The responsibility of a notary public is to ensure that both the parties or the individual is signing the document with complete understanding. It also helps streamline the notation process and adds an extra layer of security against disputes and fraud. However, not everyone can become a notary public in any part of the world. To acquire the title, you must pass multiple certifications and train yourself to become a fully functional notary public.  

The primary function of a notary public is to ensure that documents are genuinely signed in his presence and that both parties understand their content.

What is a Loan Signing Agent?

Loan signing agents are notary publics who specialize in handling loan and real estate transaction documents. As the name suggests, loan signing agents are a special kind of notary public who notarize documents related to loan transactions. These individuals play a significant role in handling mortgage documents, real estate, and finances.

The major role of a loan signing agent is to verify the identity of the signer, guide them through the signing process, ensure that the sign fully understands the content of the document, and sign the document in his presence.

Major Difference Between a Loan Signing Agent and a Notary Public?’

One of the significant differences between a loan agent and a notary public is that loan signing agents can not raise the documents that especially require additional certification. All the signing agents are notaries. However, only some of the notary public are signing agents. That means that loan signing agents can perform the duty of a notary public. However, the notary public can’t authorize the documents for loan signing.

To become a loan signing agent, a notary public has to perform additional tasks, which include training and new certifications. After performing all the tasks, they can notarise the loan signing documents.

Final Verdict

Loan signing agents specialize in notarizing loan and real estate transaction documents. They receive additional training to handle mortgage and loan packages, familiarizing them with documents like the Closing Disclosure, Deed of Trust, and Note. On the other hand, the notary public notarized the regular documents from the various sectors. However, when any documents involve loan-related signing, Loan-signing agents handle such cases. 

If you are looking for a trusted notarization platform that offers a wide range of services, including e-signing and e-seal, eNotary On Call is there for your rescue. Visit our official website and notarize your documents now.