They usually get the package early for review and some signatures of their own. Especially now with so much electronic signing, It's not uncommon for the wholesaler (brokered loans) to email loan docs to the LO for review before they are sent to escrow. In fact, that's a good practice. There have been times where I have corrected mistakes by doc prep before the loan is sent to settlement.
The docs are not a mystery to the LO who should, and needs to be very familiar with each loan. That said, there are some LOs who just like to sell and not get involved with paperwork. So you have that.
In the old days, early 2000's for me, most LOs working with brokers were encouraged to attend signings and many signings were with the escrow officer, also a notary.
I personally attended most signings at first. I usually don't anymore. Sometimes I have the entire package the notary has, opened on my computer for quick access in case I get a call from the notary. I rarely get calls but when I do, I can reference the exact document and provide an easy to follow answere for what sometimes may be a difficult question for the notary.
It's a matter of procedure for the bank and settlement to balance with each other before docs are sent out. The LO is copied by both in this very rapid process and usually monitors what's going on but stands aside unless a problem exists. It can be heart palpatating. This happens immediately before docs are sent to settlement. Once, I caught a mistake that short-changed me thousands in commission. Whoops! If it went to signing too bad.
Do LOs get involved in signings and go tbrough closing packages? More than you might ever know.
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