What is a Loan Signing Agent?
A Loan Signing Agent is a certified professional agent who is responsible for notarizing and facilitating the signing of loan documents during the closing of a real estate transaction.
A Loan Signing Agent is responsible that the loan documents are properly signed and executed according to the legal requirements and industry regulations. Loan Signing Agents ensure that specific documents are signed and dated accurately and are responsible for verifying the identity of all parties involved in the Loan transaction.
Loan Signing Agents most often have to arrange, confirm and meetup with the signer. Also, an agent will print and scan back loan documents and is usually responsible to drop-off the loan package via UPS, FEDEX or hand-deliver.
Loan Signing Agents work as third-party representatives to the lender, borrower, title company or signing service and communicates with these parties until the signing is completed.
A Loan Signing Agent works as an independent contractor and will get paid by certain net terms or right away.
