Also known as a notary public, a witness loan closer is a professional who serves as an official witness when someone is signing a legal document. They may also act as the witness to verbally sworn oaths. All witness loan closers have to undergo a state-specific training program, be at least 18 years of age, and have never committed a felony.
A witness loan closer, or notary public, witnesses signatures on legal documents after the signer's identity has been properly verified. While each state is in charge of approving its notaries public, all require a brief training period. Witness loan closers should demonstrate strong attention to detail, as much of their work involves paperwork and collecting documents.
|Required Education||State-specific training program|
|Other Requirements||Must be 18 or older and never have committed a felony|
|Average Salary (2016)||$34,178 (for notaries public)*|
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Witness Loan Closer Job Description
The primary duty of a notary public is to certify that a signature on a document is authentic. In doing this, the witness is not certifying that the document is authentic. Notary public candidates must first prove their identity with legal photo identification. This may take the form of a passport, legal identification card, or a state-issued driver's license. Then the document must be signed in the presence of the notary, and the notary places his or her seal on the document upon also signing it.
Notaries public also witness jurats. This is the acknowledgment that a sworn oath or statement has been made in the presence of the notary, that the notary public has witnessed the oath, and documented the identification of the individual as well as the document.
Each state clearly defines its different requirements and duties. In Maine and South Carolina, a notary public can officiate at a wedding ceremony. In Oregon, the training seminar may be attended online; whereas in California, a six-hour class must be attended in person.
Most states require a notary public to have his or her own seal or stamp. All states require a notary public to maintain a journal to log every professional transaction, including forms of identity presented, type of document, act of notary, date, location, time, and fees charged. In California, there is a space in the journal for thumbprints that must accompany any notarization related to a deed of trust.
Education and Career Requirements
There are several universal requirements for becoming a notary public. Candidates must be 18 years of age, not convicted of any felony, and of good moral character. They must have completed the training program prescribed by their potential state of employment. These training programs vary in length and format; some states allow the applicant to take the classes online; others require attendance in person. The exams are also different from state to state, but required by each.
Every state has a handbook available to anyone who requests it. In the handbook, various duties, processes, and fees related to the notary public career are outlined. The Secretary of State's office has all information necessary to begin the process; many offices have someone on hand to take calls and personally answer questions regarding guidelines. Information can also be found on the website for each state government.
According to PayScale.com, the average salary for notaries public was $34,178 in October 2016. Notaries public earn salaries ranging from $19,256 to $49,100.
While the duties of a witness loan closer vary by state, many states require that the closer have their own stamp or seal. All states require a witness loan closer to keep a thorough journal that logs the details pertaining to every transaction they witness.