A notary signing agent is a crucial component of the closing process that will expedite the time it takes for you to move into your new property.
A notary signing agent, often known as an NSA, is a person who manages the processing of loan paperwork on behalf of an organization or an individual. These agents are a vital component of closing services since they are familiar with all of the specifics of the documents as well as the complexities of the laws that govern their state.
One of the responsibilities of a notary signing agent is to verify the identity of the person putting their name on a document to make sure that person is who they claim to be. This proves that the documents being signed are legal.
Notary signing agents are responsible for confirming the identity of homebuyers and ensuring that any recent changes to the property's title are reported accurately as part of the obligations that fall within their purview. Due to the fact that they are accountable for the correctness of the loan documents, they will also review the findings of a title search. This will help ensure that there are no problems with the loan.
The following are some of the duties of a notary signing agent:
This is a reasonable question to ask. Both parties contribute to the real estate closing process in their unique ways. The primary distinction between a notary public and a notary signing agent is that notary publics are only authorized to witness signatures. In contrast, notary signing agents are not only authorized to witness signatures but also have the authority to guide borrowers through obtaining a loan.
Notary signing agents are subjected to additional training than typical public notaries. As a result, they can explain the various loan paperwork in greater depth and know precisely where a borrower must sign, date, and initial on all the loan documents.
Some notary signing agents may provide remote online notarizations through a safe and reliable digital platform. Because of this, you don't need to be physically there during the closure process, which not only helps save time but also cuts down on the amount of paper used.
A loan closing typically involves completing between 100 and 150 pieces of paperwork; a notary signing agent can guide you through all of them, ensuring that your loan is completed accurately and that your loan closing goes off without a hitch.
For more content like this, visit our website now.
You may also reach our team at IndyLegal for title insurance needs and/or inquiries.
