Frequently Asked Questions

(Public Signing Agent Getting Started As A Notary

Do you have to be a Notary to be a signing agent?


Yes




What is Errors and Omissions Insurance (E&O)?


Answer: Insurance that covers you in case you make a mistake and get sued




Do you need Errors and Omissions Insurance to be a signing agent


Yes




How much E & O Insurance is recommended?


Answer: $100,000; however, you can have as little as $25,000




Do you have to be commissioned to be a Notary Public?


Yes




Do you have to be certified to be a signing agent?


No




Do you need a laser printer for accepting signing agent assignments?


Yes




Do you have to be a mortgage professional to be a signing agent


No




What does SPW mean?


Answer: Signing Professional Workgroup





(Basic State of Texas Notary Requirements for Signing Agents)

What is the difference between a Jurat and an Acknowledgment?


  • Jurat – you recite or read an oath that the signer swears to or affirms;
  • Acknowledgment – Signers are acknowledging that the signature is his/her signature




What purpose does an Acknowledgment Serve?


Answer: To acknowledge that the signature belongs to the signer




Do all signers have to be present for signings?


Yes




Are there exceptions to all parties being present?


Answer: Yes

  • 2nd signer signing in different location
  • POA is being used




Does a Texas Notary have to make a journal entry for all documents notarized?


Yes




Is it permissible to add signers DL number in the journal for the State of Texas?


No




Can a Notary, who is not an attorney, give legal advice?


Answer: No (Absolutely not, NOT UNDER ANY CIRCUMSTANCES)





(How Do You Get Hired?)

Are you willing to invest in yourself?


(Arbitrary, personal response)




Is Mobile Notary a 9 to 5 job?


No




  1. Name 2 ways you can get hired as a Mobile Notary-Signing Agent?


Answer:

1. Signing Agencies

2. Title Companies




Is this a business or a side-gig?


Yes No

Answer: Either response is correct. It is a personal choice




Are you willing to work as hard for yourself as you do a 9 to 5?


Answer: Either response is correct. It is a personal choice




How much money do you need to make per month?


Answer: Personal choice




Do You Believe that time = money?


Yes




Do you believe in….


  • Good communication? Yes No
  • Promptness? Yes No
  • Attention to Detail? Yes No
  • Customer Service? Yes No
  • Being an Expert in What You Do? Yes No
  • Professionalism? Yes No
  • It takes a “YES” for all of the above categories to be a successful Notary Public/Signing Agent. You don’t have just one customer at a time. You have (1) the customer buyer/seller (2) the hiring company (if you are a third party), (3) the title company and (4) the lender all on one deal.




Where do you get mortgage documents for signings? Circle the appropriate answer


  1. Title Company
  2. Signing Companies
  3. The Customer
  4. all of the above




Are all loan closing packages the same?


No




When do you contact the borrower after you receive your first notification of a signing?


Answer: Within the hour or as soon thereafter




Are Closing instructions Important?


Yes





(Document Review)

Are mortgage documents date sensitive?


Yes




Name two primary acceptable forms of identification?


Answer: Could be any of the following:

  1. Valid State Issued Driver License
  2. Valid State Issued ID Card
  3. Military ID Card
  4. Passport
  5. US Alien Registration Card
  6. Canadian Driver License




When do you ask for Identification? Circle the appropriate answer.


    1. Upon arrival
    2. At the conclusion of the signing




When do you complete the Notary Journal? Circle the appropriate answer


  1. At the beginning
  2. At the conclusion of the signing




Is the Closing Disclosure an important part of the process?


Yes




Name three points that you want to draw the signer(s) attention?


Answer: Any of the following are correct:

  • Loan Amount
  • Interest Rate
  • Principal and Interest
  • Tax and Insurance
  • Total Monthly Payment
  • Closing Costs
  • Cash to Close




Deed of Trust: What do you say about the Deed of Trust?


  1. Remember, this is an extensive document which is laden with legalese and definitions.

Answer:

The Deed of Trust secures the Note




What do you tell the signer(s) about the Name and Signature Affidavit?


Answer:

Signature and name affidavit certifies that you are who you say you are and will also show all variations of your name that may have appeared on your credit file.




What do you tell the borrower about the 4506-T?


Answer:

The request for transcript allows the lender to obtain transcripts from the IRS for any tax years listed on the form.




What do you tell the signer(s) about the Notice of Right to Cancel?


The borrower has the right to cancel the transaction within three (3) business days without incurring costs. Borrower to sign at the bottom only as acknowledgment of having received the notice.




Where does the signer(s) sign on the Addendum to Uniform Residential Loan Application (specific to FHA and VA loans only)?


Answer:

Direct the signer to specific signature blocks, Part IV, Part V; under #18.1(b)(5), and on the last page under Borrower’s Certification.




Where do you tell the borrower to sign on the Report and Certification of Loan Disbursement Form (specific to VA loans only)?


Answer: Section III (signature(s) and date)




Why do you review documents before you leave the signing appointment?


  1. Why do you review documents before you leave the signing appointment?




What do you do with the signed package after the closing is completed?


Answer: Drop at the nearest FedEX or UPS location and obtain a receipt; unless scanning /faxing back to the hiring company prior to dropping at shipping location.