Loan Signing Agent

Written by Sierra Rein
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A loan signing agent has additional training on mortgage documents in addition to their commission to act as a notary. Agents have experience dealing with all loan paperwork involved and can help make signing the papers easier and the process run smoother. They will be able to certify all signatures are genuine and all parties understand the ramifications of the papers but should refrain from explaining the agreement.

Loan Signing Agent Restrictions

Although all notaries public must be certified by the states in which they practice, they have no formal legal training. They are not able to offer legal advice, assistance or opinions on any matter, including any loan closing for any mortgage or refinancing. There should be a closing attorney present at all appointments that can answer any questions regarding the legal impact of the documents to be signed.

The Network

Sometimes a notary or loan signing agent may only be seen as someone to authorize signatures but the truth is they can offer much more. Companies that handle mortgage processing from start to finish employ agents that have extensive knowledge about loan paperwork and can make the process much easier. They will have agents across the country that can serves all of a mortgage company's needs by offering knowledge as well as being familiar with unique state guidelines.

There are federal policies established by the Department of Housing and Urban Development that are applicable in every state but also more policies enacted in certain states. A smaller mortgage company that services many states may be aware of these rules but not have the training to deal with the special forms that need to be filled out. Having an agent that is familiar with those laws and forms will aid everyone involved in the closing process and leave the customer with a good impression.

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