I’m frequently asked, “Mark, what forms of IDs can be used for a loan signing? What if an ID is expired? And what about using credible identifying witnesses?”
Well, the answer varies depending on a few factors.
First and foremost, be sure to have knowledge of your state’s notarial laws regarding acceptable forms of IDs.
But, whatever your state may allow you to identify, a borrower may NOT be accepted with what a lender would allow.
I'm frequently asked, "What exactly is a signing service? And what is the difference between a signing service and signing agent database?"
Errors and Omissions Insurance, also known as E&O Insurance, is liability coverage that is created to protect the signing agent’s personal and professional assets if a mistake is made during the notarial process that causes the client to suffer financial loss.
There are numerous ways to get loan signings - whether that be through signing services, escrow offices, title offices, mortgage officers, or real estate agents.
Of all these, the best source to get loans signings for notary signing agents is from escrow officers.
I'm always asked, “Mark, how come banks, escrow officers, or title companies do not simply do their own signings in-house and save the borrower the $150 signing fee? Why do notary signing agents even exist?”
About the Author
Mark Wills is the course instructor of the top rated Loan Signing System agent training course. He has been an active professional loan signing agent for nearly 15 years and owns a loan signing service that does thousands of signings a year.