FAQ from borrowers during a signing
As a notary signing agent, you play a crucial role in facilitating the loan closing process and ensuring the accurate execution of important documents. However, borrowers may have questions (FAQ) or concerns during the signing appointment, ranging from the purpose of certain documents to the role of the notary. In this blog post, we'll address some frequently asked questions that borrowers may pose during a signing appointment, providing clear and concise answers to help alleviate any uncertainties or confusion.
What is the purpose of a notary signing? The purpose of a notary signing is to authenticate the identity of the signers and certify the validity of the documents being signed. The notary ensures that the signers are who they claim to be and that they are signing the documents voluntarily and knowingly.
What documents will I be signing? During the signing appointment, you will be required to sign various documents related to your loan transaction, including the promissory note, deed of trust or mortgage, disclosure statements, and any other pertinent forms required by your lender or title company.
What is the role of the notary? The notary's role is to act as an impartial witness to the signing of documents and verify the identity of the signers. The notary ensures that the signers understand the contents of the documents they are signing and are doing so willingly and without coercion.
Do I need to bring any identification? Yes, you will need to provide valid, government-issued identification to the notary to verify your identity. Acceptable forms of identification include a driver's license, passport, or state-issued identification card.
What happens if I don't understand a document? If you have any questions or concerns about a document, don't hesitate to ask the notary for clarification. The notary can explain the contents of the document and answer any questions you may have to ensure that you understand what you are signing.
Can I make changes to the documents? It is generally not advisable to make changes to the documents during the signing appointment, as this could invalidate the documents or create legal issues. If you have concerns about the contents of a document, discuss them with your lender or title company before the signing appointment.
How long will the signing appointment take? The duration of the signing appointment can vary depending on the number of documents that need to be signed and the complexity of the transaction. In general, signing appointments typically take between 30 minutes to an hour to complete.
Conclusion
By addressing these common questions and concerns, notary signing agents can help borrowers feel more informed and confident during the signing process. Clear communication, patience, and professionalism are key to ensuring a smooth and successful signing appointment. If borrowers have any additional questions or concerns, encourage them to reach out to their lender or title company for further assistance and clarification.