Liz,
Notary Loan Signing is a method of using a notary to get mortgage docs signed such as would happen in a real estate "closing."
Since borrowers can shop a national market of lenders, nationwide title companies are now used by these lenders to do what the local title company did in the past.
Lenders and nationwide title companies create partnerships that result in various methods of hiring notaries to do a loan signing.
In a notary loan signing assignment a notary usually takes delivery of the mortgage documents, meets with the borrower with the documents in hand, and then oversees the signing to ensure documents are signed properly, and acts as a notary as well as courier and presenter of the documents.
Once this is accomplished, the documents are returned by notary to the appointed destination.
Most of the Loan Signing situations we discuss here are refinance loans or home equity loans.
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