All mortgage loan and refinancing documents must be signed and notarized a signing agent. Even when long distance travel is required, these professionals provide a convenient service delivering loan documents and settlement checks to borrowers. Signing agents can also assist borrowers with any questions they may have about loan documents and applications.
A notary signing agent, or even a mortgage notary signing agent, is a common term for a signing agent. This is due to the fact that these agents are usually public notaries who specialize in mortgage loan documents. Lawyers, real estate agents, and buyers are charged with drafting an acceptable contract for each party, and signing agents are in charge of ensuring that all documents are signed and notarized as required.
In the financing or refinancing of mortgage loans, signing agents play a crucial role. They are one of the final puzzle pieces in the process of completing and submitting the financing documentation. Missing or misplaced signatures on loan and refinancing applications will result in the application being rejected.
Another important role of a signing agent is to make the closing of a mortgage loan as simple as possible for all parties involved. Signing agents will deliver loan documents and settlement checks to the borrowers’ home or any other location that is most convenient for them. The borrowers benefit from this service because it saves them time traveling back and forth to the real estate agent’s office. It also benefits the real estate agent attracting borrowers offering the convenience of having documents delivered to them without having to travel.
Long-distance travel to obtain all signatures may be the responsibility of a signing agent. It’s not uncommon for mortgage contracts to be set up in a different city. If the lawyers and real estate agents are in New York, but the buyer is in California, the agent will have to travel to California to sign the loan documents. During travel, the agent acts as a representative for the real estate agent, providing professional and competent advice to the signing party or parties.
Signing agents are qualified to answer some loan-related questions. They’ve been taught to recognize the purpose and requirements of each type of loan document presented to them. Signing agents, on the other hand, are only qualified to assist with the signing of documents and are not qualified to provide legal or financial advice.
Although signing agents are not required to be certified public notaries, they frequently are. Many real estate companies require certification and training of their singing agents, even though it is not legally required. An examination is frequently required to assess knowledge of proper loan document signing procedures and notary public laws. The notary public laws and loan signing procedures vary region.