How to Become a Remote Loan Signing Agent: Comprehensive Guide

As more and more businesses move to remote operations, the idea of becoming a remote loan signing agent can be a rewarding and lucrative career path. With the rise of remote work and the increasing demand for notarized documents, this is an industry that is ripe for growth.

Why not take advantage of that and start earning from the comfort of your home? Whether you’re a seasoned notary public or just starting out, this guide will provide you with the information you need to start your journey as a remote loan signing agent. In addition, we will explore what it takes to become a successful remote loan signing agent and how to get started in this exciting field.

Statistics on Remote Loan Signing Agents

• Statistics show that the global commercial lending market is anticipated to grow by $27,406.6 billion between 2021–2028, from $9,712.8 billion in 2020, at a healthy CAGR of 14.4%.
• The National Notary Association estimates that loan signing agents can earn an average of $75 to $200 per signing.
• According to Glassdoor, the estimated total pay for a Signing Agent is $63,946 per year in the United States area, with an average salary of $48,174 per year

How to Become a Remote Loan Signing Agent in 5 Steps

1. Meet the Minimum Requirements

The requirements to become a remote loan signing agent may vary depending on your state. Generally, you will need to be at least 18 years old, have a high school diploma or GED, and be a legal resident of the United States to practice as a loan agent.

Additionally, you should have excellent communication and organizational skills, attention to detail, and the ability to work independently. You’ll be responsible for ensuring that loan documents are executed accurately and efficiently and that they comply with all applicable laws and regulations.

It’s important to note that different states may have different requirements for loan signing agents. For example, some states require agents to pass a background check or obtain a license, while others do not. Make sure to check with your state’s regulations to ensure that you meet all the necessary requirements to work as a remote loan signing agent.

2. Complete a Training Program

Like any other career path, completing a training program is essential to gain an understanding of that particular field. While becoming a remote loan signing agent typically does not require a specific degree, it may require some level of education or training in fields such as real estate, law, or finance. Since loan documents are legal and very sensitive documents, some additional training might be needed to execute the job well. This is not just in terms of legal, but also some software and tools which will be discussed in this blog.

With this training, remote signing agents will learn how to handle these legal documents effectively and ensure that they are executed accurately. Additionally, they gain knowledge of the requirements for executing these documents correctly, including the correct order for signatures and notarizations.

Furthermore, completing a training program can help loan signing agents build their confidence in their abilities. Some training programs provide hands-on experience, which allows agents to practice their skills under the guidance of an experienced professional. Also, networking opportunities provided by training programs can help agents establish relationships with other professionals in the industry and help them grow their businesses.

3. Get Certifications

Like the requirements, the certification you need to get might may vary by state, so it’s important to check the requirements for your state. However, from our research, we found that there are two certifications that are widely recognized in the United States.

1. Notary Public Commission: In many states, remote signing agents must have a notary public commission. A notary public is a public official who is authorized to witness and certify the signing of legal documents, such as deeds, contracts, and powers of attorney. To become a notary public, you must meet certain eligibility requirements, such as being a legal resident of the state and being at least 18 years old. You must also pass a notary exam and complete a notary application.
2. Remote Online Notary (RON) Commission: Some states have implemented RON laws, which allow for the notarization of documents through electronic means, including video conferencing. In these states, remote signing agents must have a RON commission in addition to a notary public commission. To obtain a RON commission, you must complete additional training and meet certain eligibility requirements, such as passing a background check and having a valid notary public commission.

There are some cases where you need to complete a training course or exam before getting these certifications but they vary from state to state.

4. Build Your Network

You must have noticed in most of our blogs on career paths, we always emphasize building networks. This is because we understand that building networks are an essential path to career development, and the same thing can be said when it comes to being a remote signing agent. To build start building your network, you need to do the following:

• Attend industry events: Attend industry events such as real estate conferences, legal seminars, and networking events. This will give you the opportunity to meet professionals in your field and build relationships.
• Join professional organizations: Join professional organizations such as the National Notary Association, the American Society of Notaries, or your state’s notary association. These organizations provide resources, training, and networking opportunities for notaries and remote signing agents.
• Reach out to potential clients: Reach out to real estate agents, attorneys, and title companies in your area to let them know that you’re available for remote signings. You can do this by sending emails, making phone calls, or even stopping by their offices in person.
• Provide excellent customer service: Once you’ve built your network and started working with clients, it’s important to provide excellent customer service. Be professional, responsive, and reliable, and always make sure that you’re meeting your client’s needs.

5. Market Yourself

In addition to building your network, you still need to market yourself to potential clients and connections. One way to do this is by creating a website that showcases your services, experience, and qualifications. You can also use social media platforms such as LinkedIn and Twitter to connect with potential clients and share industry news and updates.

If your service is already up and running, you can offer promotions such as a discount on your services for first-time clients to help you attract new business and build your reputation. Ask your existing clients for referrals. Word-of-mouth is a powerful marketing tool, and satisfied clients are often happy to recommend you to others.

Furthermore, consider advertising your services through online platforms such as Google Ads or Facebook Ads to help you reach a wider audience and generate new leads.

Skills Needed to Succeed as A Remote Loan Signing Agent

Now that you know some of the basics of what you need to start a career as a remote signing agent, let’s see some skills that are required for the job.

1. Attention to detail: As a loan signing agent, you are responsible for ensuring that all documents are signed and completed accurately. Attention to detail is crucial, as even small mistakes can result in delays or even legal issues.
2. Time management: You will often have to work under tight deadlines, so strong time management skills are essential. You must be able to prioritize tasks and manage your time efficiently to meet deadlines.
3. Communication skills: You will be working with clients and borrowers, so excellent communication skills are necessary. You must be able to explain complicated documents clearly and professionally and communicate effectively through email, phone, or video conferencing.
4. Professionalism: You are representing your company and the lender, so professionalism is vital. You must dress appropriately, act professionally, and maintain a high level of integrity and confidentiality.
5. Computer literacy: As a remote loan signing agent, you will need to be comfortable using technology and online tools, such as electronic signatures, digital documents, and video conferencing software.
6. Understanding of legal documents: As a loan signing agent, you will be responsible for reviewing and explaining legal documents to borrowers. Therefore, it’s essential to have a basic understanding of real estate and mortgage-related terminology and laws.
7. Problem-solving skills: You may encounter unexpected situations during signings, such as missing or incorrect documents. As a result, you must be able to solve problems quickly and effectively to ensure the signing process runs smoothly.

Tools and Software of A Remote Signing Agent

The combination of training, skills, and networking might not be enough to get the job done, especially in this digital age where you need to familiarize yourself with different digital software. This software makes your job as a remote worker easier as well as that of a signing agent. Take a look at them.

1. Video conferencing software: A remote signing agent may use video conferencing software such as Zoom, Skype, or Google Meet to communicate with signers and witness the signing of documents. You can also meet with your teams with these apps.
2. Electronic signature software: Electronic signature software such as DocuSign, Adobe Sign, or HelloSign can be used to facilitate the signing of documents remotely.
3. Notary platform: There are notary platforms such as Notarize, NotaryCam, and Pavaso that are designed specifically for remote notarization and offer features such as identity verification and digital document storage.
4. Document preparation software: A remote signing agent may use document preparation software such as Microsoft Word or Adobe Acrobat to prepare and edit documents prior to the signing.
5. Scanner or mobile scanner app: A scanner or mobile scanner app such as Adobe Scan or CamScanner may be used to scan and upload signed documents for digital storage.
6. High-speed internet and webcam: A remote signing agent must have a reliable internet connection and a webcam to conduct remote signings.
7. Secure file-sharing platform: To securely share documents with signers and other parties involved in the signing process, a remote signing agent may use a file-sharing platform such as Dropbox, Google Drive, or OneDrive.

What Are the Career Prospects of A Remote Loan Signing Agent?

As a remote loan signing agent, you would be responsible for notarizing and witnessing the signing of legal documents on behalf of clients. This is typically done remotely, using video conferencing technology.

The demand for remote loan signing agents has grown significantly in recent years, as more and more businesses and individuals seek the convenience and efficiency of virtual notarization services. As such, the career prospects for remote signing agents are generally positive, with many opportunities for growth and advancement.

Conclusion

In conclusion, becoming a remote loan signing agent can just be the breakthrough you have been looking for in your career path. With the current evolving digital landscape, the prospect of a career in becoming a loan agent will still be on the rise. To be successful, it is essential to obtain the necessary training and certifications, establish a solid network of clients and partners, and stay up-to-date with industry developments and regulations. Additionally, possessing excellent communication, organizational, and time-management skills will help you thrive as a remote loan signing agent. With dedication, hard work, and the right tools and resources, you can build a thriving business and enjoy the benefits of a flexible, rewarding career as a remote loan signing agent.