Reply by PAW_Fl on 7/22/05 7:32am
Msg #53831
You can call yourself almost anything you want. The term "closing agent" is not cast in stone in any official documentation (that I know of), except within some financial institutions, title/escrow companies, etc. However, if you read what most companies expect of their "Closing Agent", you will see that we do NOT do that job, completely. We do a very small piece of what a "Closing Agent" is required to do; we present the documents, obtain signatures on them, and identify the borrowers. Additionally, if the person is also a notary (which normally is the case), all signatures requiring notarization are notarized.
Commonly, many signing services, title companies and even lenders, call us "Remote Closers" in that we are performing a step in the closing process. But since we are not responsible for the creation of the document, nor the disbursement of funds, I would not consider myself a Closing "AGENT".
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Reply by sue on 7/22/05 7:42am
Msg #53833
I think the lender refers to the title company as the 'closer'. The title company in return refers to us as 'closer'. When you get down to the signing service level they refer to us as 'signing agents'.
I do title company work and the majority of them don't have the word 'signer' anywhere in their vocabulary or in their written instructions. Received a mass e-mail yesterday from a title company and they said 'closing agents'. Confirmation yesterday says "All closers will be responsible to ..." Another confirmation reeived yesterday has me listed as closing agent. Package I'm finishing up right now from yesterday has me listed as 'closer' has closing date, closing location, etc., - 'signing' not mentioned anywhere.
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