Loan Signing
Can a loan signing agent explain my mortgage documents?
Quick Answer
No. A loan signing agent cannot explain document terms or provide legal or financial advice. They identify where to sign and notarize signatures. Ask your lender for document explanations.
No, a loan signing agent cannot explain the terms of your mortgage documents. While they are experts at managing the signing process, explaining loan terms constitutes legal or financial advice, which is outside their scope of practice.
What the signing agent CAN do:
- Point out where you need to sign, initial, and date
- Identify each document by name ("This is your closing disclosure")
- Provide general descriptions ("This document discloses your loan terms")
- Notarize your signatures
- Ensure all pages are complete
What the signing agent CANNOT do:
- Explain what an interest rate adjustment means
- Advise whether the terms are favorable
- Modify any documents in the package
- Answer questions about legal implications
Who to contact with questions:
- Loan terms: Your loan officer or mortgage broker
- Title issues: Your title company or escrow officer
- Legal questions: A licensed attorney
Review your closing disclosure at least three days before signing. Schedule your closing with NotaryLTD at 435-565-1333.
Related Questions
Still Have Questions?
Contact us for personalized answers to your notary questions.
Contact UsCall 435-565-1333