Posted by Reba Shaw-Silva on 4/2/12 9:35am
Msg #416802

Please advise

I was advised by another loan signing agent (for the sake of saving time) that it is ok to have the borrowers sign only 1 copy of loan documents, since the 2nd copy is only for their records and reference. I thought that it was necessary to have the borrowers sign BOTH copies. I am curious as to your thoughts or input on this matter.

Reply by Les_CO on 4/2/12 9:42am
Msg #416804

Re: Please advise/ one copy n/m

Reply by Roger_OH on 4/2/12 9:45am
Msg #416806

The borrowers copy is for their review and records; it is NOT signed.

If they wish a fully executed copy, they can request it from their title company.

Reply by BBuchler/CA on 4/2/12 4:20pm
Msg #416834

Loan signing requirements

When you get the instructions from the signing company/lender, they will tell you what and how to do the siging - i.e. leave one copy for the borrowers, have them sign in blue ink, etc.

Is your question specific to a job, or you haven't done a job yet and are just wondering when you get one how to do it?

Reply by Reba Shaw-Silva on 4/3/12 12:33pm
Msg #416891

Re: Loan signing requirements

During my signing, I actually had the borrowers sign both copies. Interestingly enough 1/2 hour into the signing, my borrowers had another property to complete a loan signing on for which an additional Loan Signing Agent showed and let me know (at the end of the signing) that it is not necessary for both copies to be signed.