Posted by Cindy Hamilton on 2/2/12 7:56pm
Msg #410693
First Loan Signing
Just got my first loan signing for tomorrow, I am sooo nervous! It is for a property in TX, seller in CA.....any tips/reminders for a newbie?
| Reply by JanetK_CA on 2/2/12 8:11pm
Msg #410696
There will probably be a fair number of notarizations for the size of the package, which should be fairly small. I usually end up replacing all notary certs with a CA all purpose acknowledgment, because the ones from Texas usually include verbiage that says something like "known to me or..." We can't used personal knowledge in CA anymore, so I don't use what is provided.
If you can, prep all your certificates in advance (but don't sign or stamp until after you've approved the ID and the seller signs) and have lots of extra blanks with you, just in case there's a mistake or in case you have an ID issue and their ID doesn't completely support the name on the docs. If you can flag the signatures and initials, that could also be helpful, if they haven't already marked those places for you, but don't use a highlighter.
A seller's package is very different from a loan package, so you probably want to look it over carefully before your appointment. Be sure to get some cell phone numbers to take with you - for someone at escrow, if possible, (or your client) and the seller's real estate agent, as well (or ask the seller to have that ready, just in case). Then don't hesitate to use those numbers if you have any questions!
Double check your work at the table, then triple check it again before you send it.
Finally, don't forget to breathe - and "don't let them see you sweat".  (And you don't need to let them know this is your first signing...)
| Reply by Cindy Hamilton on 2/2/12 8:17pm
Msg #410698
Thanks Janet, this information is so helpful, and since I am only doing the sellers side, I don't provide him a copy right?
| Reply by JanetK_CA on 2/2/12 8:20pm
Msg #410699
Yes, you do. You should always provide a copy unless
...unless specifically told not to, which will very rarely happen. When you quote your fees, you should always assume that you will be printing two copies, unless they are sending docs to you or providing them some other way. (Be sure to clarify this up front, as well.)
Good luck!
| Reply by Cindy Hamilton on 2/2/12 8:24pm
Msg #410700
Re: Yes, you do. You should always provide a copy unless
I printed a copy, then second guessed it. Thanks!
| Reply by NJDiva on 2/2/12 9:50pm
Msg #410702
You're so good Janet! :) n/m
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