Signing Agent Common Errors, Best Practices and ... · Errors, Best Practices and Responsibilities...
Transcript of Signing Agent Common Errors, Best Practices and ... · Errors, Best Practices and Responsibilities...
![Page 1: Signing Agent Common Errors, Best Practices and ... · Errors, Best Practices and Responsibilities Texas NSA - Phyllis E. Traylor, Errors, Best Practices and Responsibilities . PRESENTED](https://reader033.fdocuments.us/reader033/viewer/2022053006/5f0a6fb47e708231d42ba003/html5/thumbnails/1.jpg)
1
Signing Agent Common Errors, Best Practices and Responsibilities
Texas NSA - Phyllis E. Traylor, Errors, Best Practices and Responsibilities
PRESENTED BY:
Phyllis E. Traylor, MA • US Army Retired • Texas Notary Public
Instructor • Notary2Pro Certified
Instructor • Certified Apostille Agent • Certified Signing Agent • Certified Process Server • 2018 NNA Notary of the
Year Special Honoree • Contributing writer for AAN • Owner of My San Antonio
Mobile Notary and other Subsidiaries.
![Page 2: Signing Agent Common Errors, Best Practices and ... · Errors, Best Practices and Responsibilities Texas NSA - Phyllis E. Traylor, Errors, Best Practices and Responsibilities . PRESENTED](https://reader033.fdocuments.us/reader033/viewer/2022053006/5f0a6fb47e708231d42ba003/html5/thumbnails/2.jpg)
Purpose
• Most Common Notary Signing Agent Errors.
• Best Practices
• Notary Signing Agent Responsibilities
• Sharing Insight
2
Texas NSA - Phyllis E. Traylor, Errors, Best Practices and Responsibilities
![Page 3: Signing Agent Common Errors, Best Practices and ... · Errors, Best Practices and Responsibilities Texas NSA - Phyllis E. Traylor, Errors, Best Practices and Responsibilities . PRESENTED](https://reader033.fdocuments.us/reader033/viewer/2022053006/5f0a6fb47e708231d42ba003/html5/thumbnails/3.jpg)
Step by Step Process
•Audience: • Current NSAs
• Current Certifications
• Time in t he Industry
• Full time or part time
Texas NSA - Phyllis E. Traylor, Errors, Best Practices and Responsibilities
3
![Page 4: Signing Agent Common Errors, Best Practices and ... · Errors, Best Practices and Responsibilities Texas NSA - Phyllis E. Traylor, Errors, Best Practices and Responsibilities . PRESENTED](https://reader033.fdocuments.us/reader033/viewer/2022053006/5f0a6fb47e708231d42ba003/html5/thumbnails/4.jpg)
Initial Discussion 4
•Common Errors, Best Practices, Responsibilities: •Possible reasons for errors
•Hobby •Lack of Training
•Best Practice •Treat as a Career/Business
Texas NSA - Phyllis E. Traylor, Errors, Best Practices and Responsibilities
![Page 5: Signing Agent Common Errors, Best Practices and ... · Errors, Best Practices and Responsibilities Texas NSA - Phyllis E. Traylor, Errors, Best Practices and Responsibilities . PRESENTED](https://reader033.fdocuments.us/reader033/viewer/2022053006/5f0a6fb47e708231d42ba003/html5/thumbnails/5.jpg)
Initial Responsibility
•NSA Initial Responsibility: •
•Get Training •Texas Notary Public Training
•Signing Agent Training
•NNA Certification & Ba ckground screening
•Proper Training will: •Cut down er rors
Must invest in our career/business
Texas NSA - Phyllis E. Traylor, Errors, Best Practices and Responsibilities
5
![Page 6: Signing Agent Common Errors, Best Practices and ... · Errors, Best Practices and Responsibilities Texas NSA - Phyllis E. Traylor, Errors, Best Practices and Responsibilities . PRESENTED](https://reader033.fdocuments.us/reader033/viewer/2022053006/5f0a6fb47e708231d42ba003/html5/thumbnails/6.jpg)
Error #1 – Not Reading Instructions 6
•NSA Error - not reading instructions: •How often are there no instructions?
•Rarely •Not uncommon to receive more than one set of
instructions. •What should you do i f t here are no i nstructions?
Texas NSA - Phyllis E. Traylor, Errors, Best Practices and Responsibilities
![Page 7: Signing Agent Common Errors, Best Practices and ... · Errors, Best Practices and Responsibilities Texas NSA - Phyllis E. Traylor, Errors, Best Practices and Responsibilities . PRESENTED](https://reader033.fdocuments.us/reader033/viewer/2022053006/5f0a6fb47e708231d42ba003/html5/thumbnails/7.jpg)
Best Practice - NSA Instructions
•NSA Best Practice: •Carefully review instructions:
•Several Times
•Make sure you understand.
•Ask questions f or clarification.
•Know who to call for assistance.
Texas NSA - Phyllis E. Traylor, Errors, Best Practices and Responsibilities
7
![Page 8: Signing Agent Common Errors, Best Practices and ... · Errors, Best Practices and Responsibilities Texas NSA - Phyllis E. Traylor, Errors, Best Practices and Responsibilities . PRESENTED](https://reader033.fdocuments.us/reader033/viewer/2022053006/5f0a6fb47e708231d42ba003/html5/thumbnails/8.jpg)
Responsibility - NSA Instructions
•NSA Responsibility: •Make sure we understand instructions.
•Upon assignment acceptance: •Being handled by a trained professional
•We know and understand what we’re doing
•We can be counted on.
Texas NSA - Phyllis E. Traylor, Errors, Best Practices and Responsibilities
8
![Page 9: Signing Agent Common Errors, Best Practices and ... · Errors, Best Practices and Responsibilities Texas NSA - Phyllis E. Traylor, Errors, Best Practices and Responsibilities . PRESENTED](https://reader033.fdocuments.us/reader033/viewer/2022053006/5f0a6fb47e708231d42ba003/html5/thumbnails/9.jpg)
9 Error #2 – Missing Documents
•NSA Error - Missing Documents: •A document is missing.
•Scenario
•How should t he NSA handle this?
•What are the consequences of a missing document? •Is it your fault?
•Printing documents
Texas NSA - Phyllis E. Traylor, Errors, Best Practices and Responsibilities
![Page 10: Signing Agent Common Errors, Best Practices and ... · Errors, Best Practices and Responsibilities Texas NSA - Phyllis E. Traylor, Errors, Best Practices and Responsibilities . PRESENTED](https://reader033.fdocuments.us/reader033/viewer/2022053006/5f0a6fb47e708231d42ba003/html5/thumbnails/10.jpg)
Best Practice – Missing Documents
•NSA Best Practice: •Carefully review all printed documents:
•Ensure all d ocuments a re printed.
•Make sure printer settings are correct. •Read instructions
•Become familiar with y our printer
Texas NSA - Phyllis E. Traylor, Errors, Best Practices and Responsibilities
10
![Page 11: Signing Agent Common Errors, Best Practices and ... · Errors, Best Practices and Responsibilities Texas NSA - Phyllis E. Traylor, Errors, Best Practices and Responsibilities . PRESENTED](https://reader033.fdocuments.us/reader033/viewer/2022053006/5f0a6fb47e708231d42ba003/html5/thumbnails/11.jpg)
Responsibility – Missing Documents
•NSA Responsibility: •Responsible for reading all instructions.
•Printing documents correctly.
•Making sure we have required documents.
Texas NSA - Phyllis E. Traylor, Errors, Best Practices and Responsibilities
11
![Page 12: Signing Agent Common Errors, Best Practices and ... · Errors, Best Practices and Responsibilities Texas NSA - Phyllis E. Traylor, Errors, Best Practices and Responsibilities . PRESENTED](https://reader033.fdocuments.us/reader033/viewer/2022053006/5f0a6fb47e708231d42ba003/html5/thumbnails/12.jpg)
Error #3 – Missing Signatures/Initials
•NSA Error - Missing Signatures/Initials: •Loan closing packages sizes:
•Anywhere from 80 – 300 p ages or more
•Numerous signatures
•Numerous initials
•Numerous opportunities for error
Texas NSA - Phyllis E. Traylor, Errors, Best Practices and Responsibilities
12
![Page 13: Signing Agent Common Errors, Best Practices and ... · Errors, Best Practices and Responsibilities Texas NSA - Phyllis E. Traylor, Errors, Best Practices and Responsibilities . PRESENTED](https://reader033.fdocuments.us/reader033/viewer/2022053006/5f0a6fb47e708231d42ba003/html5/thumbnails/13.jpg)
Best Practice – Missing Signatures/Initials
•NSA Best Practice: •
sign and initial. •Create a cheat sheet for signers
•Go thru documents and t ag s ignatures and in itials.
•Remove sticky notes when reviewing d ocuments.
•Make sure only required a reas are initialed a nd o r signed.
Place sticky notes where borrowers need to
Texas NSA - Phyllis E. Traylor, Errors, Best Practices and Responsibilities
13
![Page 14: Signing Agent Common Errors, Best Practices and ... · Errors, Best Practices and Responsibilities Texas NSA - Phyllis E. Traylor, Errors, Best Practices and Responsibilities . PRESENTED](https://reader033.fdocuments.us/reader033/viewer/2022053006/5f0a6fb47e708231d42ba003/html5/thumbnails/14.jpg)
Responsibility – Missing Signatures/Initials
•NSA Responsibility: •Making sure that signers sign and initial all
required areas. •If a signature or initial is missed, it is our fault.
•Competition amongst NSA’s is fierce.
Texas NSA - Phyllis E. Traylor, Errors, Best Practices and Responsibilities
14
![Page 15: Signing Agent Common Errors, Best Practices and ... · Errors, Best Practices and Responsibilities Texas NSA - Phyllis E. Traylor, Errors, Best Practices and Responsibilities . PRESENTED](https://reader033.fdocuments.us/reader033/viewer/2022053006/5f0a6fb47e708231d42ba003/html5/thumbnails/15.jpg)
Error #4 – Incorrect Signatures/Initials
•NSA Error - Incorrect Signatures/Initials: •Typical loan closing packages:
•Contains documents from multiple entities
•Some documents are lender generated
•Some documents come from title companies.
•Required signature and or initials could vary depending on the document.
Texas NSA - Phyllis E. Traylor, Errors, Best Practices and Responsibilities
15
![Page 16: Signing Agent Common Errors, Best Practices and ... · Errors, Best Practices and Responsibilities Texas NSA - Phyllis E. Traylor, Errors, Best Practices and Responsibilities . PRESENTED](https://reader033.fdocuments.us/reader033/viewer/2022053006/5f0a6fb47e708231d42ba003/html5/thumbnails/16.jpg)
Best Practice – Incorrect Signatures/Initials
•NSA Best Practice: •
•Note any signature or initial variations
•Point out variations to signers
•If you are unsure about how the borrower should s ign, contact your hiring p arty, don’t assume.
•Make sure to review documents after signing.
When reviewing printed documents:
Texas NSA - Phyllis E. Traylor, Errors, Best Practices and Responsibilities
16
![Page 17: Signing Agent Common Errors, Best Practices and ... · Errors, Best Practices and Responsibilities Texas NSA - Phyllis E. Traylor, Errors, Best Practices and Responsibilities . PRESENTED](https://reader033.fdocuments.us/reader033/viewer/2022053006/5f0a6fb47e708231d42ba003/html5/thumbnails/17.jpg)
Responsibility – Incorrect Signatures/Initials
•NSA Responsibility: •Making sure that signers sign and initial all
required areas correctly. •If a signature or initial is completed incorrectly, it is our
fault.
Texas NSA - Phyllis E. Traylor, Errors, Best Practices and Responsibilities
17
![Page 18: Signing Agent Common Errors, Best Practices and ... · Errors, Best Practices and Responsibilities Texas NSA - Phyllis E. Traylor, Errors, Best Practices and Responsibilities . PRESENTED](https://reader033.fdocuments.us/reader033/viewer/2022053006/5f0a6fb47e708231d42ba003/html5/thumbnails/18.jpg)
Error #5 – Notarial Certificate is not Completed Correctly
•NSA Error - Incorrect Completion of Notarial Certificate: •Completing the notarial certificate correctly i s
a basic Notary responsibility:
•If unable to correctly complete certificates, get training b efore accepting a ssignments.
•Know the difference between an acknowledgement and jurat.
•Know how to edit notarial certificates.
Texas NSA - Phyllis E. Traylor, Errors, Best Practices and Responsibilities
18
![Page 19: Signing Agent Common Errors, Best Practices and ... · Errors, Best Practices and Responsibilities Texas NSA - Phyllis E. Traylor, Errors, Best Practices and Responsibilities . PRESENTED](https://reader033.fdocuments.us/reader033/viewer/2022053006/5f0a6fb47e708231d42ba003/html5/thumbnails/19.jpg)
Best Practice – Notarial Certificate is not Completed Correctly
Texas NSA - Phyllis E. Traylor, Errors, Best Practices and Responsibilities
19
•NSA Best Practice: •Always follow Texas Notary Public laws, rules
and guidelines when completing the notarial certificates.
•When making a correction to a notarial certificate: •Line through incorrect information.
•Initial and insert correct information.
![Page 20: Signing Agent Common Errors, Best Practices and ... · Errors, Best Practices and Responsibilities Texas NSA - Phyllis E. Traylor, Errors, Best Practices and Responsibilities . PRESENTED](https://reader033.fdocuments.us/reader033/viewer/2022053006/5f0a6fb47e708231d42ba003/html5/thumbnails/20.jpg)
Responsibility – Notarial Certificate is not Completed Correctly
•NSA Responsibility: •It is our responsibility as a Texas Notary Public to
know how to properly fill out and complete Notarial Certificates.
Texas NSA - Phyllis E. Traylor, Errors, Best Practices and Responsibilities
20
![Page 21: Signing Agent Common Errors, Best Practices and ... · Errors, Best Practices and Responsibilities Texas NSA - Phyllis E. Traylor, Errors, Best Practices and Responsibilities . PRESENTED](https://reader033.fdocuments.us/reader033/viewer/2022053006/5f0a6fb47e708231d42ba003/html5/thumbnails/21.jpg)
Error #6 – The Notary Stamp/Seal is not Legible
•NSA Error - The Notary Stamp: • The notary seal in it’s entirety must be legible.
• Sec. 406.013. of Texas Government code states:
•(c) The seal must be affixed by a seal press or stamp that embosses or prints a seal that legibly reproduces the required elements of the seal under photographic methods.
Texas NSA - Phyllis E. Traylor, Errors, Best Practices and Responsibilities
21
![Page 22: Signing Agent Common Errors, Best Practices and ... · Errors, Best Practices and Responsibilities Texas NSA - Phyllis E. Traylor, Errors, Best Practices and Responsibilities . PRESENTED](https://reader033.fdocuments.us/reader033/viewer/2022053006/5f0a6fb47e708231d42ba003/html5/thumbnails/22.jpg)
22 Best Practice – The Notary Stamp/Seal is not Legible
•NSA Best Practice: •Make sure you apply enough pressure when
stamping.
•Make sure you stamp a clear area
•If stamp overlaps are does not display properly: •Mark incorrect stamp with “X”
•Stamp again.
Texas NSA - Phyllis E. Traylor, Errors, Best Practices and Responsibilities
![Page 23: Signing Agent Common Errors, Best Practices and ... · Errors, Best Practices and Responsibilities Texas NSA - Phyllis E. Traylor, Errors, Best Practices and Responsibilities . PRESENTED](https://reader033.fdocuments.us/reader033/viewer/2022053006/5f0a6fb47e708231d42ba003/html5/thumbnails/23.jpg)
23 Responsibility – The Notary Stamp/Seal is not Legible
•NSA Responsibility: • It is our responsibility as NSA’s to ensure that our notary
stamps meet the requirements outline in S ection 4 06.013 of the Texas Government Code, and
• That we follow the code to properly stamp documents we are notarizing.
Texas NSA - Phyllis E. Traylor, Errors, Best Practices and Responsibilities
![Page 24: Signing Agent Common Errors, Best Practices and ... · Errors, Best Practices and Responsibilities Texas NSA - Phyllis E. Traylor, Errors, Best Practices and Responsibilities . PRESENTED](https://reader033.fdocuments.us/reader033/viewer/2022053006/5f0a6fb47e708231d42ba003/html5/thumbnails/24.jpg)
Error #7 – Over Booking
Texas NSA - Phyl
24
•NSA Error - Over Booking: • Number of s ignings t hat can be completed.
•Schedule is packed.
•Tempting to squeeze in extra assignments.
•Something happens to throw schedule off:
•A reader
•Questions
•Others
lis E. Traylor, Errors, Best Practices and Responsibilities
![Page 25: Signing Agent Common Errors, Best Practices and ... · Errors, Best Practices and Responsibilities Texas NSA - Phyllis E. Traylor, Errors, Best Practices and Responsibilities . PRESENTED](https://reader033.fdocuments.us/reader033/viewer/2022053006/5f0a6fb47e708231d42ba003/html5/thumbnails/25.jpg)
Best Practice – Over Booking 25
•NSA Best Practice: •Allow yourself plenty o f wiggle r oom between
signings. •Less stress and aggravation. •Easier on your health •Less prone to make mistakes.
Texas NSA - Phyllis E. Traylor, Errors, Best Practices and Responsibilities
![Page 26: Signing Agent Common Errors, Best Practices and ... · Errors, Best Practices and Responsibilities Texas NSA - Phyllis E. Traylor, Errors, Best Practices and Responsibilities . PRESENTED](https://reader033.fdocuments.us/reader033/viewer/2022053006/5f0a6fb47e708231d42ba003/html5/thumbnails/26.jpg)
Responsibility – Over Booking 26
•NSA Responsibility: • Our responsibility to schedule assignments in a flexible
manner. •Allow time for the unexpected.
• Borrowers should n ot feel rushed.
Texas NSA - Phyllis E. Traylor, Errors, Best Practices and Responsibilities
![Page 27: Signing Agent Common Errors, Best Practices and ... · Errors, Best Practices and Responsibilities Texas NSA - Phyllis E. Traylor, Errors, Best Practices and Responsibilities . PRESENTED](https://reader033.fdocuments.us/reader033/viewer/2022053006/5f0a6fb47e708231d42ba003/html5/thumbnails/27.jpg)
Error #8 – Lack of Communication
Texas NSA - Phyl
27
•NSA Error - Lack of Communication: • Not Answering your phone. •Not returning calls. •Should you answer phone while at
appointment? •Some believe you should.
•Others believe you should n ot.
lis E. Traylor, Errors, Best Practices and Responsibilities
![Page 28: Signing Agent Common Errors, Best Practices and ... · Errors, Best Practices and Responsibilities Texas NSA - Phyllis E. Traylor, Errors, Best Practices and Responsibilities . PRESENTED](https://reader033.fdocuments.us/reader033/viewer/2022053006/5f0a6fb47e708231d42ba003/html5/thumbnails/28.jpg)
Best Practice – Lack of Communication 28
•NSA Best Practice: •Phone calls from title or lender should be put
on speaker •Signers and N SA hear the same information
•Both can ask questions if needed.
•Concerns can b e handled o penly.
Texas NSA - Phyllis E. Traylor, Errors, Best Practices and Responsibilities
![Page 29: Signing Agent Common Errors, Best Practices and ... · Errors, Best Practices and Responsibilities Texas NSA - Phyllis E. Traylor, Errors, Best Practices and Responsibilities . PRESENTED](https://reader033.fdocuments.us/reader033/viewer/2022053006/5f0a6fb47e708231d42ba003/html5/thumbnails/29.jpg)
Responsibility – Lack of Communication 29
•NSA Responsibility: • Our responsibility to keep lines of communication o pen
during t he closing •Borrower and Title
•Borrower and Lender
Texas NSA - Phyllis E. Traylor, Errors, Best Practices and Responsibilities
![Page 30: Signing Agent Common Errors, Best Practices and ... · Errors, Best Practices and Responsibilities Texas NSA - Phyllis E. Traylor, Errors, Best Practices and Responsibilities . PRESENTED](https://reader033.fdocuments.us/reader033/viewer/2022053006/5f0a6fb47e708231d42ba003/html5/thumbnails/30.jpg)
Error #9 – Giving Opinion or Advice
Texas NSA - Phyl
30
•NSA Error - Giving Opinion or Advice: • Have you ever been asked for your advice
during a s igning? •If it hasn’t happened yet it will.
•Signer will ask opinion a bout interest rates •What’s a good r ate or what’s the norm, etc. •May ask if you would sign?
lis E. Traylor, Errors, Best Practices and Responsibilities
![Page 31: Signing Agent Common Errors, Best Practices and ... · Errors, Best Practices and Responsibilities Texas NSA - Phyllis E. Traylor, Errors, Best Practices and Responsibilities . PRESENTED](https://reader033.fdocuments.us/reader033/viewer/2022053006/5f0a6fb47e708231d42ba003/html5/thumbnails/31.jpg)
Best Practice – Giving Opinion or Advice 31
•NSA Best Practice: •Have signer call their loan officer. •Don’t provide any advice. •We are not there to advise the signer. •Keep opinion to yourself.
Texas NSA - Phyllis E. Traylor, Errors, Best Practices and Responsibilities
![Page 32: Signing Agent Common Errors, Best Practices and ... · Errors, Best Practices and Responsibilities Texas NSA - Phyllis E. Traylor, Errors, Best Practices and Responsibilities . PRESENTED](https://reader033.fdocuments.us/reader033/viewer/2022053006/5f0a6fb47e708231d42ba003/html5/thumbnails/32.jpg)
Responsibility – Giving Opinion or Advice 32
•NSA Responsibility: •As Notary Signing Agents, we are there to make sure
that the loan documents are signed correctly.
•That notarizations are completed correctly, and that the signers are properly identified.
•We are not there to determine whether or not the signer got a good deal or rate on their loan.
Texas NSA - Phyllis E. Traylor, Errors, Best Practices and Responsibilities
![Page 33: Signing Agent Common Errors, Best Practices and ... · Errors, Best Practices and Responsibilities Texas NSA - Phyllis E. Traylor, Errors, Best Practices and Responsibilities . PRESENTED](https://reader033.fdocuments.us/reader033/viewer/2022053006/5f0a6fb47e708231d42ba003/html5/thumbnails/33.jpg)
Error #10 – Lack of Professionalism
Texas NSA - Phyllis E. Traylor, Errors, Best Practices and Responsibilities
33
•NSA Error - Lack of Professionalism: • Almost seems l ike a t opic we shouldn’t have to
cover, but unfortunately we do.
•Some treat this as a hobby or •Casual way to make extra money
•Not a profession.
![Page 34: Signing Agent Common Errors, Best Practices and ... · Errors, Best Practices and Responsibilities Texas NSA - Phyllis E. Traylor, Errors, Best Practices and Responsibilities . PRESENTED](https://reader033.fdocuments.us/reader033/viewer/2022053006/5f0a6fb47e708231d42ba003/html5/thumbnails/34.jpg)
Best Practice – Lack of Professionalism
Texas NSA - Phyllis E. Traylor, Errors, Best Practices and Responsibilities
34
•NSA Best Practice: •Appropriate dress:
•Clean, business casual
•Includes good personal h ygiene.
•Minimum amount of s kin exposure.
![Page 35: Signing Agent Common Errors, Best Practices and ... · Errors, Best Practices and Responsibilities Texas NSA - Phyllis E. Traylor, Errors, Best Practices and Responsibilities . PRESENTED](https://reader033.fdocuments.us/reader033/viewer/2022053006/5f0a6fb47e708231d42ba003/html5/thumbnails/35.jpg)
Responsibility – Lack of Professionalism 35
•NSA Responsibility: •As Notary Signing Agent’s we have both a moral and
ethical responsibility to our profession to dress in a professional manner when conducting closings.
•We should not want our hiring entities worrying about what we are going to look like when we show up to the signing.
Texas NSA - Phyllis E. Traylor, Errors, Best Practices and Responsibilities
![Page 36: Signing Agent Common Errors, Best Practices and ... · Errors, Best Practices and Responsibilities Texas NSA - Phyllis E. Traylor, Errors, Best Practices and Responsibilities . PRESENTED](https://reader033.fdocuments.us/reader033/viewer/2022053006/5f0a6fb47e708231d42ba003/html5/thumbnails/36.jpg)
NSA Errors, Best Practices, Responsibilities
•Questions
Texas NSA - Phyllis E. Traylor, Errors, Best Practices and Responsibilities
36