The Signing Professionals Workgroup, which consists of a special committee of major lenders and title companies, released its best-practice standards for notaries handling loan signings. The announcement came at the Mortgage Bankers Associations 100th Annual Convention & Expo.
The Certified Signing Specialist Standards will by implemented over the upcoming months.
“After the Consumer Financial Protection Bureau issued the ‘Service Providers’ Bulletin in April 2012, financial institutions have been held accountable for verifying the credentials of their third-party service providers,” said NNA President and CEO Thomas Heymann. “Until now, there were no consistent or broadly acceptable standards for the Notaries who represent lenders at the signing table.”Sponsor Content