A loan signing appointment is a critical step in the real estate or refinancing process, ensuring that all necessary documents are correctly signed, notarized, and returned to the lender. Whether you’re purchasing a home, refinancing, or securing a business loan, understanding what to expect can help ease any uncertainties.
At AGP Notary Solutions, we make loan signings seamless, guiding clients through every step to ensure accuracy and compliance. Here’s a breakdown of what happens during a typical loan signing appointment.
1. Pre-Appointment Preparation
Before the appointment, the loan signing agent reviews the document package to ensure everything is in order. You’ll receive a notification about the scheduled time and place, whether at your home, office, or another convenient location.
Pro Tip:
- Set aside at least an hour for the appointment to allow enough time to carefully review and sign all documents.
2. Document Review and Explanation
The loan signing agent will present the entire loan package for you to sign. While they cannot offer legal advice, they can explain the general purpose of each document and point out key details such as:
- The Promissory Note – Outlines the loan terms and repayment obligations.
- Deed of Trust/Mortgage – Establishes the property as collateral for the loan.
- Closing Disclosure – Summarizes loan details, including interest rates, fees, and monthly payments.
- Right to Cancel – In refinancing, this provides a window to cancel the transaction if necessary.
Pro Tip:
- Review documents carefully and ask questions about unclear terms.
3. Identity Verification
Before signing begins, the agent will verify your identity by checking a valid, government-issued photo ID. This ensures the person signing the documents is authorized to do so. For Remote Online Notarization (RON), Knowledge-Based Authentication (KBA) and biometric verification are used.
Key Tip:
- Follow the notary’s instructions carefully to avoid errors that could delay the closing
4. Signing and Notarization
You will sign in several places, and the notary will witness and notarize documents as required. Each notarized document will receive the official seal and signature of the notary.
Key Tip:
- Follow the notary’s instructions carefully to avoid errors that could delay the closing.
5. Final Document Check
The loan signing agent will review the documents to ensure no signatures, initials, or dates are missing. Any errors could result in funding delays, so this step is crucial.
6. Document Return
Once the signing is complete, the agent ensures the document package is securely returned to the lender or title company for final processing. Timely submission is critical for meeting closing deadlines.
Common Questions During a Loan Signing Appointment
- How long does it take? – Typically 45 minutes to an hour, but complex packages may take longer.
- What if I don’t understand part of the document? – While the agent can provide general descriptions, specific legal or financial questions should be directed to your lender or attorney.
- Can the appointment be done remotely? – Yes! AGP Notary Solutions offers Remote Online Notarization (RON) services, allowing you to complete the process from anywhere.
Why Choose AGP Notary Solutions for Loan Signings?
At AGP Notary Solutions, we prioritize professionalism, accuracy, and customer convenience. Our experienced loan signing agents ensure every step is handled with care, giving you peace of mind during important financial transactions.
Ready to schedule your loan signing? Contact AGP Notary Solutions today and experience a smooth, efficient process from start to finish.