An Official Message from the Title Industry
As a measure to protect private and sensitive information of consumers, the federal government now requires that all persons involved in the lending process undergo background screening and compliance training. The requirement affects every individual with access to borrowers' financial information and includes Notary Signing Agents as well as employees of lenders and title services firms. This mandate is spelled out in the Gramm-Leach Bliley Financial Services Modernization Act and applicable Interagency Guidelines.
All Notaries who handle loan document signings must participate in background screenings and compliance training. Lenders have placed this requirement on title and signing services in order to comply with the federal mandate. These lenders now require that all Notaries handling their loan signings have background screenings, and the title and signing companies have responded by implementing their own processes. This independent approach has created a downside for Notary Signing Agents: the difficulty of applying for, and submitting to, multiple screening — one for each company — in order to pursue their careers.
To ease this burden on Notaries of multiple background screening, several of the nation's leading title information services companies — First American Lenders Advantage, Fiserv Lending Solutions, LandAmerica OneStop, LSI – A Lender Processing Services Company, National Real Estate Information Services and Stewart Mortgage Information (a subsidiary of Stewart Title) — have agreed to employ a National Notary Association-developed solution. The NNA's strengthened NSA Certification Program eliminates the need for multiple background checks and provides a confidential, single-source screening system. Notaries may enroll with the NNA's program through the Association's Web site, NationalNotary.org/NSACertification. Participating title services companies recommend that all Notaries enroll with the NNA's program as soon as possible.