Reverse Mortgage Almost Always Requires The Service Of A Notary
Loan signing agent:
As the name suggests, a loan signing agent verifies and check all loan-related documents. Loan signing notaries are specialized and trained in notarizing and handling loan-related documents.
They are appointed as an independent contractor to make sure that loan documents related to real estate are executed by the borrower, notarized, and returned for processing on time.
The difference between a notary public and mobile loan signing agent:
1) The notary public witnesses signatures on the documents and charges for this task. A loan signing agent does not only witness the signatures but also walk to a borrower through the loan signing process.
2) The loan signing agents do not charge for a signature on the documented like a notary but charges for their skills to know how to carry out a process of loan signing.
The process of Loan signing:
After the approval of the loan and title insurance, after two to three weeks after the loan application, the actual process starts related to paperwork.
a) Notarization of documents: It is the first stage in which notarization of all the documents takes place by the notary public. The mortgage is always notarized and processed with two copies.
b) Documents are prepared for the signing agent: It is done so the qualified notary signing agents can take the documents to the borrowers.
c) Appointing a mobile loan signing agent: After all the documentation work, it is the time to appoint a signing agent for the work. Make sure that the person whom you are appointing is well-qualified and has experience in the same area.
d) The ball is in the court of signing agent: Now, everything will be performed by the signing agent. The first thing performed by the signing agents is that they confirm the "work order." They will confirm the address, contact information, and meeting schedule.
e) Explains everything: When the loan closing agent goes to the borrowers, then they get all the information related to papers and ID by the signing agents. They explain everything about the documents and procedures to the borrower or client.
e) Verification of the documents: It is the main job of signing agents. Before taking the sign on the documents, they verify the identity and the related papers.
Review of the papers:
After taking the signatures of the borrower on the papers or documents, the bank verifies the documents. The bank with the expertise of title insurance authorization will certainly, at last, do the actual "Closing"-- which allows for the issuance of the check that the debtor has been seeking.
Therefore, the Notary Finalizing Agent is an indispensable part of the process. Essential documents are sworn to ensure the validity of the signatures.
A loan closing agent is likewise described as a closing agent. The closing agent's function is to ensure all parties involved receive needed files throughout a mortgage loan closing. They provide escrow guidelines to third parties like realty agents, to obtain funds such as costs and also commissions.
flashnotaryservices.com provides qualified loan signing agents to their clients. So if you are looking for a reverse mortgage notary or signing agent, then contact us. We ensure that you get the top-class services from our agents. We offer a mobile loan signing agent, so you do not need to step out of your home as we will be there to help you out. Contact us today and get the utmost professionalism...!!!
