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Notary Bulletin

Signing Agent Update: Fannie Mae, Freddie Mac now require new Loan Application form

Notary Signing Agents will soon encounter a redesigned Uniform Residential Loan Application (Form 1003) that Fannie Mae and Freddie Mac now require for new loans. NSAs should take care that the correct version of Form 1003 is used when needed for upcoming assignments.

The new Form 1003, which went into effect Effective March 1, 2021, does not require notarization. However, it does make significant changes to the layout of the document, such as moving the borrower information section to the top of the first page. NSAs can view the changes and compare them to older Form 1003s on Fannie Mae’s updated Form 1003 information web page.

Because lenders and brokers must now use the redesigned document for new loan applications, Notary Signing Agents should familiarize themselves with the new form. Please note that the old version of the Form 1003 document may still be included with loan applications started on or before February 28, 2021.

If you see an outdated version of a Form 1003 included with a loan document package, you may want to contact the lender, title company or signing service to make sure it is okay for you to proceed.

David Thun is the Assistant Managing Editor at the National Notary Association.

28 Comments

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quadralislewis48@icloud.com

16 Mar 2021

IM A SIGNING AGENT LOOKING TO DO SOME LOAN DOCUMENTS EVERYDAY

KOREN Hilton

22 Mar 2021

I am waiting to jump start my new career with Signing Agent. I am available 7days a week.

Mark Jacobs

22 Mar 2021

There are some variations on this depending on the lender. Some have initials in different spots if they are applying for joint credit. Some have them sign one time, others twice. Have seen one where each party signs their own part of the application.

CHERYL COLLINS

22 Mar 2021

Please contact me.’

Lolitha Urquhart

22 Mar 2021

I am a Notary Signing Agent looking for work, currently available

Sinclair Williams Jr

22 Mar 2021

I am a Notary looking to become A SIGNING AGENT LOOKING TO DO SOME LOAN DOCUMENTS EVERYDAY

National Notary Association

22 Mar 2021

Hello. You can find more information about becoming a signing agent here: www.NationalNotary.org/SigningAgent

Audralyn Odom

22 Mar 2021

Thanks For the update. I have been seeing those new forms recently. I’ve also noticed that there was an update it IRS form That covers the lenders request to obtain a transcript of an individual tax return( 4506 )

Wendy Campbell

22 Mar 2021

I am certified Signing Agent and have conducted at least several hundred signings in my time as well being a former Escrow Officer. I was disappointed with your advice to contact someone if the old 1003 is in the loan package. I have caught a lot of mistakes in the past but questioning whether or not the lender has used the correct loan application is not something I would recommend. It steps over the line of presenting the loan package to interpreting the veracity of a document and frankly it is probably a waste of everyone's precious processing time. I do thank you though for giving us a heads-up to the presence of the new 1003.

Erika Jones

22 Mar 2021

Great information thank you for the update!

KATRINA Belmonte

22 Mar 2021

I've seen the new layout and as a signing agent I think it is awful. The old layout was much easier to read and find information.

consuelo Villegas

22 Mar 2021

HOW CAN I BECOME I SIGNING AGENT

National Notary Association

22 Mar 2021

Hello. You can find more information here: www.NationalNotary.org/SigningAgent and in this infographic: https://www.nationalnotary.org/notary-bulletin/blog/2019/01/difference-mobile-notary-signing-agent

hennylo42@gmail.com

22 Mar 2021

i would like more information

carol

22 Mar 2021

I am having them initial every corner of every page.

Carol

22 Mar 2021

I too agree this form is needlessly awful! Too hard to read for the average person, too many pages (so much for the environment) and very confusing. Wish they'd asked the notaries for their input on this.. having closed over 7800 loans I'd ask for them to really consider the consumer and the notary (excess printing) before they changed it. If it "ain't broke don't fix it"...lol

jennirizarry30@yahoo.com

22 Mar 2021

I just passed my exam and background check, how do I go about getting work as a signing agent?

National Notary Association

23 Mar 2021

Hello. This article has tips you may find helpful: https://www.nationalnotary.org/notary-bulletin/blog/2021/01/where-start-notary-signing-agent-work

JUAN PAUL OKADA-JOHNSTONE

22 Mar 2021

This only form I have seen changed in the industry so far this year. IRS hasn’t changed their forms as I have noticed. Has anyone else noticed they added new documents in packages and added more documents that doesn’t matter such as sample documents?

DeAnna McCord

22 Mar 2021

Good information, coming aboard as a New Signing Agent and Member, I appreciate this access.

Marie Stroude

22 Mar 2021

With a power of attorney the client has her husband could only make it X.What is required to prove that he made that actual act, with a power of attorney besides the witnesses?

National Notary Association

23 Mar 2021

Hello. We're sorry, but those are legal questions that need to be answered by a qualified attorney.

NICOLE SCOTT

22 Mar 2021

Good information!

Lillie White

25 Mar 2021

I am a notary, I want to become a signing agent. Please give me information on becoming a signing agent and getting the work with title and mortgage companies. I plan on starting my own business since I lost my job due to the pandemic.

National Notary Association

06 Apr 2021

Hello. You can find information about starting as a Signing Agent here: https://www.nationalnotary.org/knowledge-center/signing-agent-resources

Laura Mclaren

25 Mar 2021

I just had this form today but I called in to Quicken for clarity. The husband and wife were on the 1003 but only the husband was to initial 1section the first 1003. Both however signed the 1st 1003 in section 6. On the next 1003 the wife was to initial in section 1 and no signatures needed on the 2nd 1003 section 6 strange but that is the directions I got. Thoughts????

Nannie Magers

28 Mar 2021

Hi NannieNajwa Magers El Bey NNA Certified Notary/ Loan Signing Agent in Tuskegge Alabama would like to tobe on your thank you

joe.l.botto71@gmail.com

04 Apr 2021

Who thought the new 1003 was a good idea? Very hard to read....NOT aesthetic at all...

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