Notary Signing Agent - A commissioned Notary Public that concentrates on notarizing client(s) signatures on loan documents for the purpose of closing the real estate transaction. The Signing Agent is relatively new to the notary profession. In the past, a client would go to the bank or title company to sign all the loan and closing documents for purchasing property. Due to the recent increase in the buying and selling market, banks and title companies now use third party Notary Signing Agents to complete this process by coming to the client(s) location to explain the loan documentation and complete the paperwork.
Loan Signing - Standard loan signing where the client(s) signs the
documentation.
Split Signing - This is where the people signing the documentation are in
two different places and you will have two different Notaries to notarize the
documents.
Structure Settlements - Is a negotiated agreement where the client(s) is
awarded a large sum of money that is paid out in equal payments over a
period of time due to an issue that was resolved.
Debt Settlements - The process performed when the debtor is making a
deal with the creditor to pay off an outstanding debt, which normally
would be a lower amount then owed.
Reverse Mortgage - This is when you get a mortgage on your home and the
mortgage company pays you the monthly mortgage payment. The
mortgage payments and accumulated interest is added to the balance as
you receive additional mortgage payments. You need to payback the
mortgage company when you either sell the property or pass away.
Acknowledgement - Performed when the client previously signed the document and requires an independent third party to verify that the client executed the document with their own signature.
Affidavit - The client(s) is required to sign the document and takes either an oath or affirmation in front of the Notary stating that the information in the document is true and correct.
Verification Affidavit - A sworn statement as to the truth of the facts stated
within the document.
Attestation Affidavit (AKA Witness Affidavit) - A third person(s)
witnesses under oath or affirmation that the actual client on the
Acknowledgment is who they say they are.
Copy of Certification - The Notary certifies that a copy of the document is an exact copy of the original document. The client(s) will need to present the original document and the copied document to the Notary for comparison.
Deposition - The process were a client(s) is deposed under oath or affirmation saying that the client(s) told the truth.
Protest - The client(s) is requesting for the Notary to make a declaration that on a certain day the bill or note was not paid by the debtor.
Loan Signing - Standard loan signing where the client(s) signs the
documentation.
Split Signing - This is where the people signing the documentation are in
two different places and you will have two different Notaries to notarize the
documents.
Structure Settlements - Is a negotiated agreement where the client(s) is
awarded a large sum of money that is paid out in equal payments over a
period of time due to an issue that was resolved.
Debt Settlements - The process performed when the debtor is making a
deal with the creditor to pay off an outstanding debt, which normally
would be a lower amount then owed.
Reverse Mortgage - This is when you get a mortgage on your home and the
mortgage company pays you the monthly mortgage payment. The
mortgage payments and accumulated interest is added to the balance as
you receive additional mortgage payments. You need to payback the
mortgage company when you either sell the property or pass away.
Acknowledgement - Performed when the client previously signed the document and requires an independent third party to verify that the client executed the document with their own signature.
Affidavit - The client(s) is required to sign the document and takes either an oath or affirmation in front of the Notary stating that the information in the document is true and correct.
Verification Affidavit - A sworn statement as to the truth of the facts stated
within the document.
Attestation Affidavit (AKA Witness Affidavit) - A third person(s)
witnesses under oath or affirmation that the actual client on the
Acknowledgment is who they say they are.
Copy of Certification - The Notary certifies that a copy of the document is an exact copy of the original document. The client(s) will need to present the original document and the copied document to the Notary for comparison.
Deposition - The process were a client(s) is deposed under oath or affirmation saying that the client(s) told the truth.
Protest - The client(s) is requesting for the Notary to make a declaration that on a certain day the bill or note was not paid by the debtor.