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Overview
A Notary Loan Signing Agent is a notary public who specializes in facilitating the signing of loan documents. They are not lawyers and do not provide any legal advice or review loan documents. Instead, they are responsible for making sure that the loan documents are signed correctly and that both parties understand what signing the documents means. They may also provide other services such as notarizing deeds and affidavits.
Qualifications
To become a Notary Loan Signing Agent, you must first become a notary public. In New York, you must fulfill the following requirements:
- Be 18 years of age or older
- Be a resident of New York
- Have a valid New York driver’s license or non-driver ID
- Complete an approved six-hour course
- Pass an exam
- Submit an application and fee
Once you are a notary public, you can become a Notary Loan Signing Agent by taking additional training and becoming certified. This additional training will teach you the nuances of loan documents and how to properly sign and notarize them.
Demand
Notary Loan Signing Agents are in high demand in New York due to its large population and number of loan transactions. As the real estate market continues to grow, so does the demand for Notary Loan Signing Agents. The need for these professionals is expected to increase in the coming years as more and more borrowers take out loans for everything from buying a home to refinancing an existing loan.
Becoming A Notary Loan Signing Agent
To become a Notary Loan Signing Agent in New York, you must first become a notary public. Once you have done that, you will need to find a reputable loan signing company that will provide you with the necessary training and certification. After completing the training, you can begin working as a Notary Loan Signing Agent. You will need to find clients, market your services, and make sure that you are in compliance with all applicable laws and regulations.
Conclusion
Becoming a Notary Loan Signing Agent in New York is a great way to earn extra income and provide a valuable service. The amount of money you can make as a Notary Loan Signing Agent in New York varies, but the average rate is around $95 per loan document signing. Demand for Notary Loan Signing Agents is high in New York, so you should have no problem finding clients. As long as you stay up to date on the laws and regulations, you can be a successful Notary Loan Signing Agent in New York.