Loan Signing Services

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• The lender prepares the necessary documents for the borrower, which include the loan agreement, disclosures, and other legal paperwork.
• These documents are typically provided in advance or made available electronically for the borrower to review before the signing appointment.

• A notary public or loan signing agent is hired to oversee the signing of the loan documents.
• The borrower (and sometimes the co-borrower) meets with the notary at a designated time and location. This location can be the borrower’s home, an office, or a neutral site.
• Sometimes the signing is done remotely, where the borrower uses an online platform to sign electronically, though this depends on the jurisdiction and type of loan.

• The loan signing agent ensures that the borrower understands the documents they are about to sign.
• The agent may not provide legal advice but will guide the borrower through the signing process, ensuring all documents are signed in the correct places and that the borrower understands their commitments.
• The agent will also verify the identity of the borrower, ensuring the person signing the documents is the person listed in the loan agreement.

• The borrower reviews and signs the required documents. These documents can include:
• Promissory note (the promise to repay the loan)
• Deed of trust or mortgage (which secures the loan against the property)
• Closing disclosure (which details the terms of the loan and costs associated with closing)
• Acknowledgment of receipt of disclosures (such as Truth in Lending, Right to Cancel, and others)
• Depending on the complexity, there might be many documents to sign.

• After the borrower signs the documents, the notary or signing agent notarizes the documents, confirming the identity of the signer and witnessing the signature.
• The notary affixes their seal to the documents and signs them, making them legally valid.

• Once the signing is complete, the signed documents are returned to the lender or title company, typically by the signing agent or courier service.
• The lender will then review the documents, and if everything is in order, the loan is approved for funding.

• Once the signed documents are processed, the loan is funded, and the closing of the loan officially occurs.
• If it’s a home purchase, the borrower will receive the keys to their new property. If it’s a refinance, the loan replaces the old mortgage, and the borrower continues with their payment schedule.

  A loan signing is a crucial step in finalizing a loan, where a notary ensures the borrower signs all necessary documents, making the loan legally binding. The signed documents are then returned to the lender to finalize the funding process.