A Notary Public is an official of integrity appointed by state government —typically by the secretary of state — to serve the public as an impartial witness in performing a variety of official fraud-deterrent acts related to the signing of important documents. These official acts are called notarizations, or notarial acts.
A loan signing agent witnesses signatures AND knows how to walk a borrower through the loan signing process.
A notary public simply witnesses signatures — that's it — and charges per signature witnessed.
Because these duties are so important, lenders and title companies want to protect their customers as much as possible by verifying that any Signing Agents who interact with customers and handle the customer's private information are trustworthy and safe and protect borrowers from dishonest Notary Signing Agents
Notary public serve an important role in the prevention of fraud and protection of the parties involved by acting as an official, unbiased witness for certain documents.
Documents are notarized to deter fraud and to ensure proper execution. The Notary Public officiates at the signing and insures that the documents are signed correctly. The notary makes sure that the signers are entering into agreements knowingly and willingly.
A U.S. Notary Public is not an attorney, judge or high-ranking official. A Notary is not an expert in the Mortgage industry.
eDocs, scan backs, fax backs, document packaging - ALWAYS FREE!
Copyright © 2023 Exordium Ventures - All Rights Reserved.