Loan Signing System Notary Signing Agent Course

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    • Signing Agent Marketing Masterclass
    • How to Build a Signing Service
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    • LSS Conference - In-Person
    • LSS Conference Livestream
  • Testimonials
    • Signing Agent Interviews
    • Testimonials
  • FREE RESOURCES
    • Get FREE Training
    • 9 Reasons to Be a Signing Agent
    • How To Become a Successful Signing Agent in 9 Steps
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    • Signing Service Owners Hire Notary Public Signing Agents
    • Set Up a Google Business Profile for Notaries
    • Four Ways to Get Signing Agent Business
    • What is Remote Online Notarization RON?
    • How to Get More Notary Jobs: FREE NNA Training
    • How to Get More Notary Jobs
    • How to Make More Money This Year
    • LSS Signing Service Database
    • Avoid Common Signing Agent Mistakes
    • What Are Tax Deductions?
    • Notary Hacks - Episode 1 >
      • Notary Hacks - Episode 2
    • Notary Public Success Groups And Meetup Network
    • Maximize Your Notary Tax Deductions
    • Snapdocs Interview
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      • Remote Online Notarization - Income Potential
      • Apostille Agent - Income Potential
      • Field Inspector - Income Potential
      • Wedding Officiant - Income Potential
      • Process Serving - Income Potential
      • Permit Runner - Income Potential
      • Estate Planning Notarizations - Income Potential
      • Advanced Health Care Notarizations - Income Potential
      • Mobile Fingerprinting - Income Potential
      • Correctional Facilities Notarizations - Income Potential
      • I-9 Verification
      • Best Kept Secret for Notary Income
    • Complete Notary Mentorship
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    • Income Calculator Tool
    • Get the Best Selling Book
    • How to Set Up a Mobile Office
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      • Side Hustle Nation Podcast - Brian Schooley >
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5 Types of Mortgage Products Every Notary Loan Signing Agent Should Know

If you're a new or aspiring notary signing agent, understanding the five major mortgage products that you'll likely encounter is crucial to your success. 

​In this video, you'll learn the five types of mortgage products you'll see 99% of the time when you conduct a loan signing. 

Learn the 5 Most Common Signing Documents:

Watch a Signing in action

Refinance

Refinancing is the most popular mortgage product and probably the first signing opportunity you'll encounter.

A refinance involves a borrower refinancing their current loan on a property.

They may be taking cash out, lowering their interest rate, or shortening the term of their loan (e.g., going from a 30-year loan to a 20-year loan).

​As a notary signing agent, it's important to know where signatures, dates, and initials are required for refinancing documents.

Purchase

The second most popular mortgage product is a purchase.

This occurs when someone buys a home.

​Purchase loan signings have some similarities to refinance signings, but there are different nuances you need to understand to successfully guide the borrower through the process.


Seller's Package

The third mortgage product you'll see is a seller's package.

When a home seller sells a home, the escrow company sends out paperwork that needs to be signed by the seller.

This may include grant deeds, quitclaim deeds, or warranty deeds that require notarization.

​Make sure you're familiar with these documents as a notary signing agent.

​Reverse Mortgage

A reverse mortgage is the fourth most popular mortgage product you'll encounter.

These are typically geared towards the older population in America.

Homeowners with significant equity in their homes can use the equity as a means to receive cash flow.

​Instead of making mortgage payments, the mortgage balance grows over time, hence the name "reverse mortgage."

Home Equity Line of Credit (HELOC)

The fifth mortgage product you should be familiar with is a Home Equity Line of Credit (HELOC).

Homeowners can use the equity in their homes as a credit line, similar to a credit card.

​For example, if a homeowner has a $200,000 property and owes $100,000 on it, they have $100,000 in equity that they can use to secure a HELOC.

Key Takeaways

We covered the 5 most common types of signings you'll see as a signing agent! s it's essential to be familiar with refinance, purchase, seller's package, reverse mortgage, and home equity line of credit mortgage products.

​These five mortgage products make up 99% of the signings you'll encounter in your career.

Ensure you're well-versed in each of these products to avoid mistakes and errors that could cost you future business.

This is where the Loan Signing System comes into play, offering you the opportunity to learn all five types of mortgage products, along with commercial signings, through engaging LIVE Mock Signing trainings and workshops!
Watch a LIVE Mock Signing
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© 2016-2023 Loan Signing System, LLC. All rights reserved.  Loan Signing System is a comprehensive step-by-step course created to help notary publics become expert loan signing agents. Loan signing agents can make $75-$200 per appointment and an appointment for a well trained loan signing agent can take about an hour. 

Loan Signing System seeks to provide relevant training to help loan signing agents learn how to complete a loan signing, how to get more loan signing jobs / appointments, and how to build a loan signing service. This training is not intended as legal advice or state / federal notary public / notary signing agent training. ​Check with your state to be sure that loan signing agents are utilized in the closing process. Always follow your state's notary laws and best practices. Unless explicitly stated, Loan Signing System is not sponsored by, endorsed by, or affiliated with any company referenced herein. No guarantees, promises, or warranties of any kind are being made or should be understood to be made. Results may vary. ​Our courses come with a 100% money-back guarantee. 
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