As a Borrower, Can I Select My Own Loan Signing Agent/Notary?
Yes, in many cases, borrowers have the option to choose their own signing agent or notary public for loan document signings. The signing agent is the individual responsible for facilitating the signing of loan and mortgage documents during real estate transactions. While lenders or title companies often provide signing agents, borrowers generally have the right to request or suggest their preferred signing agent, especially if they have a specific notary they trust or if they want more control over the process.
However, there might be some considerations and limitations:
Lender/Title Company Approval: While borrowers can express their preference, the lender or title company may need to approve the chosen signing agent. This approval ensures that the signing agent meets the necessary qualifications and adheres to any contractual agreements between the lender/title company and the signing agent.
Location: If a borrower chooses a signing agent from a different area, the signing agent might need to travel, potentially incurring additional fees. It’s essential to confirm the signing agent’s willingness to travel and discuss any associated costs.
Professionalism and Qualifications: Lenders and title companies typically work with a pool of qualified signing agents who are experienced in handling loan documents. If a borrower chooses their own signing agent, it’s important to ensure that the chosen notary is also experienced and knowledgeable about loan documents.
Timing: The chosen signing agent should be available and able to accommodate the borrower’s preferred date and time for the signing. Coordination is crucial to ensure that the signing process aligns with the closing schedule.
Communication: It’s advisable for borrowers to communicate their preference for a specific signing agent as early as possible in the process. This allows the lender or title company to make the necessary arrangements and confirm the chosen agent’s availability.
Ultimately, while borrowers often have the option to choose their own signing agent, it's recommended to work closely with the lender or title company to ensure a smooth and coordinated signing process. This helps avoid any potential conflicts or issues that could arise from choosing an unfamiliar signing agent.
