Notaries public are public officers who are commissioned by the state to witness the signing of important documents and to verify the identities of the signers. They are not lawyers, and they are not responsible for providing legal advice. Their role is to simply witness the signing of documents and to ensure that the signers are who they say they are.
Loan signing agents are also notaries public, but they have additional training and certification in the area of loan documents. They are often hired by lenders and other financial institutions to travel to borrowers' homes or offices to assist them with the signing of loan documents. Loan signing agents typically charge a fee for their services, which can vary depending on the complexity of the loan documents and the amount of time required to complete the signing.
Here are some of the key differences between general notary work and loan signing agent work:

Scope of work: General notaries are responsible for witnessing the signing of a wide variety of documents, including contracts, deeds, wills, and power of attorney documents. Loan signing agents, on the other hand, are only responsible for witnessing the signing of loan documents.
Training and certification: General notaries are not required to have any specific training or certification. Loan signing agents, on the other hand, are required to have additional training and certification in the area of loan documents.
Fees: General notaries typically charge a flat fee for their services. Loan signing agents, on the other hand, typically charge an hourly rate, which can vary depending on the complexity of the loan documents and the amount of time required to complete the signing.
How to Charge as a Notary for These Services
The amount you charge for your notary services will depend on a number of factors, including your experience, the type of service you are providing, and the location of your business. However, there are a few general guidelines you can follow when setting your rates.
Follow your state set fee.
If you are providing more specialized services, such as loan signing, you may want to charge an hourly rate. This will allow you to charge more for your time, but it will also give you the flexibility to adjust your rates depending on the complexity of the work.
Be sure to factor in the cost of doing business when setting your rates. This includes things like the cost of your notary stamp, the cost of insurance, and the cost of travel, the cost of scan and upload .
How to Address Customers When They Come to You with Loan Modification Packages and Ask for Notary Only
When a customer comes to you with a loan modification package and asks for notary only, it is important to be clear about the scope of your services. As a notary, you are only responsible for witnessing the signing of documents and verifying the identities of the signers. You are not responsible for providing legal advice or explaining the terms of the loan modification package.
It is also important to be sure that the customer understands the risks associated with signing a loan modification package. Loan modification packages can be complex, and there is always the risk that the borrower may not understand all of the terms of the agreement. If the borrower has any questions about the loan modification package, they should consult with an attorney.
Here are some things you can say to customers who come to you with loan modification packages:
"I'm happy to notarize your loan modification package, but I want to be sure you understand the risks involved. Loan modification packages can be complex, and there is always the risk that you may not understand all of the terms of the agreement. If you have any questions, I recommend that you consult with an attorney."
"I'm not able to provide legal advice. If you have any questions about the loan modification package, I recommend that you consult with an attorney."
"Once you sign the loan modification package, it is binding. If you change your mind after you sign, it may be difficult to get out of the agreement."
It is important to be honest and upfront with customers about the scope of your services and the risks associated with signing a loan modification package. By doing so, you can help to protect yourself and your customers from potential problems
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