A loan signing agent is a great resource to have when you’re looking for someone to help with the process of securing loans. They can be more than just a notary, and they can assist in many aspects of the process. Not only are loan signing agents able to handle any legalities involved in the signing process, but they also offer assistance with understanding documents and negotiation tactics. This post will outline some benefits that come from assigning an Oregon-based Loan Signing Agent.
Loan signing is an important part of any real property transaction. It involves the borrower and lender getting together to sign a mortgage note and mortgage deed creating a binding contract between them. Due to its legal nature, loan signings can be quite formal affairs that involve multiple people present from both the borrowers’ and lenders’ sides. The number of people in attendance at these events is often overwhelming for first-time home buyers or self-employed borrowers whose income and assets may not be verified by third parties such as employers or banks. The results are often errors occurring during this stressful process causing delays or requiring clarifications resulting in added costs due to additional expenses like title searches, courier fees etc.
Hiring a loan signing agent mitigates most of these problems. A loan signing agent or signing assistant is a non-involved third party who takes care of the documentation and communication between borrowers and lenders to ensure that all parties are in agreement before they sign any documents. The role of the loan signing agent or signing assistant is not to take control of the transaction nor are they influential in deciding what terms would be acceptable for each borrower. They act as a neutral intermediary providing value-added services at an affordable cost, saving time and money by taking away most of the stresses associated with loan signings through their knowledge, expertise, experience, and familiarity with local processes.
The following table provides 10 good reasons why hiring a loan signing agent can benefit both borrowers and lenders:
1) Minimises Costs
The cost of a professional loan signing is a one-off payment and it can be recovered in the form of savings on all future transactions. In addition, many estate agents also provide loan signing services as an additional value added service to their customers at no extra charge thus giving them another competitive edge when marketing properties for sale or rent.
2) Be Hands On
A non-involved third party is handling the process so borrowers need not worry about making any mistakes that may lead to delays or even worse cause title defects causing further complications especially if there are multiple documents involved. A professional mobile Loan signing agent performs the role of a facilitator instead of taking control by guiding both parties through each step of the process ensuring that they sign only the necessary documents and nothing more. All of this is done in a timely manner to ensure that the process moves along quickly without any interruptions.
3) One Stop Service
Most loan signing agents will provide additional value-added services like conveyancing, notary, legal advice, etc. as an optional part of the service thus ensuring that all aspects are taken care of by one party leaving borrowers free from worrying about what processes are involved and which company can best handle their requirements.
4) Save Time
The presence of a Loan Signing Agent allows for a faster completion time since there is only one meeting required between parties instead of multiple meetings leading up to the actual signing event itself. In addition, some escrow companies also provide loan signing services as a value-added service to the process.
5) Uninterrupted Process
Most signing assistants have years of experience and are familiar with most processes involved in title searches, and legal, and conveyancing requirements thus making communication between parties much clearer without any misunderstandings or interruptions during the process. In addition, they are also aware of all filing requirements within each local council which may affect individual cases especially if one party is not familiar with local procedures or their location requires multiple council filings to be completed on time
6) No Legal Obligations
Similarly to hiring an agency to complete all aspects of your move from packing, moving, unpacking, etc., a loan signing agent should only be hired by borrowers who don’t want to be involved in the loan signings process due to their knowledge and experience in handling all aspects of the transaction as they do with property sales, rentals, letting, buying, etc. If you require legal advice or any other notary services these can be arranged in advance but it will depend on each individual case and borrowers are advised to discuss this with their lender before making a decision
7) Save time for the lender
A good signing assistant has already spent extensive hours preparing documents ready for signing thus saving valuable time for lenders by allowing them to focus on other important matters within their business without having to invest significant amounts of time finding reliable contractors. In addition, they would have also organized the necessary deliveries of the required documentation at hand when thus ensuring that the actual loan signing event runs smoothly without any interruptions and that the required documents are signed and returned on time to avoid any delays.
8) Save money for borrowers
A good loan signing agent tualatin spends a lot of their time preparing all necessary documentation in advance, whether it is drafting contracts or obtaining third-party reports like home inspections, pest registrations, etc. Not only does this save valuable time for both the borrower and lender but also saves money which can then be used for other pressing issues that may arise due to being involved in multiple meetings or having to arrange delivery times for each individual document needed during the process
9) Receive Excellent Customer Service
If you are not familiar with local procedures or need help finding a good mortgage broker, conveyancer, title searcher, etc. then hiring a signing assistant may be able to save you lots of time and effort by doing all the legwork on your behalf in order to find an appropriate contractor who can provide excellent customer service that borrowers require
10) Be Confident
Borrowers sign papers for many different kinds of transactions throughout their lifetime. Usually, they have no way to compare one company’s services against another due to the lack of information available from each company when making such decisions. Most Loan Signing Agents will offer free consultations and phone or e-mail inquiries are usually answered swiftly with a comprehensive response in order to fully answer any questions that borrowers may have.
If you are looking for a loan signing agent in Tigard, loan signing agent in Hillsboro, or loan signing agent in Beaverton we can help at different locations. Our team of experts will take care of everything from start to finish so that your paperwork is completed correctly and quickly. We offer flexible scheduling with our service as well as competitive rates on the cost per signature. For more information about what PDX Signing has to offer, contact us today!
