Loan Signing

Written by Jessica Duquette
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Loan signing is an onerous process for all parties involved. Lenders, title companies and notaries must all come together and work harmoniously toward one cause. Misplaced documents, illegible faxes and missing signatures all create problems that force many lenders to turn to an outside company for help.

A loan signing company serves as a liaison between clients and lenders and facilitates all the documentation and signatures that pass between them. This role is particularly important throughout the complicated mortgage loan process and subsequent loan closing. A loan document management company can help a business become affiliated with a network of notary agents and help explain each step in the signing process.

Notaries and Mobile Attorneys

If you are new to the world of loan processing, there are a few terms you should know before going forward. Notaries, also called notary agents and mobile attorneys, are individuals who are hired as an independent contractor to authorize loan document signings. He or she can be affiliated with a real estate lender, a title or escrow firm, or an official signing service and is paid to make sure all real estate loan documents are signed and processed in a compliant and professional manner.

These agents are incredibly important for lenders who wish to offer their services throughout the country. Clients rely on them to help assuage the problems or legal issues that may arise from loans. When you enlist the services of a loan signing company, you can be sure the paperwork will be thoroughly checked, processed, and filed with the appropriate companies.

The Developing Technologies Behind Loan Signing

Document management of the past has been fraught with tales of disorganized files, faulty faxes and xeroxes, and misplaced signatures. While those still continue amongst less organized companies, smart businesses are learning that the digital world is fast becoming the document solution of the future. Loan signing companies are at the head of the pack when it comes to taking advantage of new technologies.

Many times, signing companies will create online mortgage processing websites. These provide an easy method for both the client and lending company to track the documentation along the way. Server and website security ensure that the information will be held in strict confidence from prying eyes and maintain integrity within the system itself.

Finding a Loan Signing Company

While there may be a number of local signing companies in most large cities, many business owners find it easier to hire one through the Internet. There are a number of mobile notary agents that will make house or business calls and bring his or her expertise directly to the business owner at his request. This makes the process much less complicated and can save time and money in the long run.

Professional notary agents can be found in all 50 states and should be able to answer any of your questions regarding loan processing. Most signing service companies will be able to connect the best and most qualified agent to meet the client's business desires. With the expertise found in these loan management companies you can rest assured that your bases are covered.

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