Mock Loan Signing: How To Explain Loan Documents as Notary Loan Signing Agent
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- Опубліковано 4 жов 2024
- Watch this video if you are a new Notary Loan Signing Agent and are nervous about your first loan signing. This is a mock signing where I go over the most common loan documents included in a refinance loan packet and show you how I do a Loan Signing as a Notary Loan Signing Agent.
I am not trying to teach anything here, just hoping to help someone see how straight forward the loan signing appointment is. I encourage you to refer to NNA website for a more elaborate article about this.
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Check out Loan Signing System by Mark Wills:
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Supplies:
Notary Journal for Signing Agents (Blue 100 Pages)
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Notary Journal for Signing Agents (Black 200 Pages)
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#loansigningagent #notarysigningagent #mocksigning #signingagenttraining
Can you do a full purchase, a seller's package, a reverse mortgage, a HELOC, an ARM, and a Cash Deal if possible? I know that would be a series of videos and I'll watch every last one of them. That will help many notaries out tremendously. I really learned a lot from you and I think I'm ready to go out and start accepting assignments. I'm just a little nervous. Thank you for doing these demos. You're very good at explaining things and right to the point.
Liz, thank you so much for your kind words. I do not do HELOCS or cash outs since they need to be executed in a title or attorney office. Rest of the ones you mentioned have the documents which I have described in this video give or take 1 or 2. Buyer packets are similar to refinance which this one is. Seller packets are much smaller, about 25-50 pages and mostly include tax docs, a warranty deed, etc. If you can think of any documents that I have not gone over, let me know and I will answer the best I can.
Don't be nervous, just remember the signers are probably more nervous than you are and they are just human and not judging you. Just remember to breathe, double check everything, and you will be a pro before you know it.
Good luck!
WOW, the best video I've seen, she's doing exactly what I was told we should do. "Read the title, describe the document, locate the signature lines and any places for initials."
Thank you for your kind words :-)
I agree she’s the best!!!!
So helpful!!!
Thank you so much for this video.
Bravo! One of the most concise, no fluff mock presentations that I have seen on UA-cam. Great Job!!
Thank you, I truly appreciate your feedback :-)
Yes!
Thank you!
Agreed!!
Great info! You are adorable! I find it helpful to bring a 4x6 index card folded to stand up and put the date on it 3-3-2021, it is helpfiul for the signors and the notary and I don't have to repeat the date, just remind them to write out 2021
That's a wonderful tip. Thank you :-)
Love that!
Also, In this age of the pandemic I make sure people lower their mask so I can compare the photo with their lovely faces😊
Alright! Let’s get started. Do you have your IDs on you?
Thank you so much.
We are going to start with your closing disclosure,
as you can see in here this is your loan amount, this is your interest rate,
this is your monthly principal and interest payment those are your estimated taxes and insurance
and those two numbers together make up your total monthly payment which you can see right there and as you can see all the way in the bottom there
there is no money due to closing today or if there is you’ll have instructions.
Please go ahead and sign your name just exactly as its written and today is 11/20/2021 in that format please ty so much.
Next, we have your first payment letter right here as you can see it breaks down your first monthly payment it shows you who your landlord is right there
it shows you when your first payment is due and then it shows you a brief about your loan, here is the amount of your loan you interest rate whether or not
you have a prepayment penalty.
And you also have a couple of temporary payment coupons to make these payments for the next couple of months, go ahead and sig that exactly as you name is typed
and make sure to put today’s date it is 11/20/2021.
Next, we have your note, it is your promise to pay the loan in that amount to the lender right there
That’s you interest rate that’s your first payment due date, that’s when your last payment is due, that’s the address your payments go to, as you can see that’s your
monthly payment and that doesn’t include your taxes and insurance
please sign the last page exactly your name says and put the date only if it requires.
LOOK FOR INITIALS
Next, we have your deed of trust as you can see your names are here as the borrowers this is a security instrument that the lender uses tied to the note and its
recorded in the county, it has 10 pages sometimes it has more than ten
please go ahead and sign this last page exactly as your name is typed here and make sure you put a date if its required, while you do that ill notarize your deed
(once you see them signing the docs, stamp! and make a journal entry)
Next, we have a part or plan of union development trader it tells you that you live in the subdivision and there’s some governments and regulations of this HOA.
Please go ahead and sign the next page exactly as your name is typed and the date 02/11/2021
ty.
This is your notice of right to cancel, you have three days to cancel this loan as you can see right now the date today is 02/11/2021 you have until the midnight of February 16 2021 to cancel this loan, if you wish to cancel for any reason, you will sign right here
where it says i wish to cancel and date with the date that you are canceling and send it to this address listed up here, but today you are only acknowledging that you received this notice, so you will sign all the way i the bottom and the date today is 02/11/2021
there are a few copies of this document that you must sign and you also have copies of this in your package that i brought for you.
This is an affidavit of occupancy as you can see here this is your primary residence and that you are refinancing this loan please go ahead and sign where it says your name, exactly as your name is typed and date. As you do that ill notarize this doc.
This is a request for your transcript of tax return (4506-T/C) FOR THOSE YEARS MENTION IN LINE 9 please go ahead and sign where it says your name and date and put a phone number if there is not already typed.
and as you can see there is a spouse signature required on the bottom please go ahead and have your spouse sign it and date
and next one is a VA Addendum to your loan application you don’t need to do anything on the first page but on the second page as you can see there’s a signature required and date and then the co-borrower signs after you.
Then we have your uniform loan application (form 1003) this is the application you began tis process with you already signed this before but this is a last version of it and I need you to sign it again ( if there is only one borrower there is no need
to sign out the first page, but if there is a coborrower they both need to sign on the top of the document)
this is the third page of your loan application, go ahead and sign right there to the left and date 02/11/2021 and the coborrower signs to your right.
And this is the last page of your loan application, please go ahead and sign right there on the bottom.
Next document is your Amortization schedule it shows you how your loan gets paid down. please sign and date 02/11/2021.
Next, we have your Rate Reduction (tangible benefits) it shows you a comparison between your old loan and your new loan as you can see your tangible benefits to the bottom there, go ahead and sign as your name is typed and today’s date is 02/11/2021.
This is a notice of penalties for making false or mislead statements please go ahead and sign your name as is typed and date, this document gets notarized (and you make a journal entry)
This is your authorization for social security administration to release your information, its valid for ninety days as you can see right there and you will initial next to it and below you will sign in the box and you will date.
Here is an error and omissions agreement. if there are any grammatical errors or clerical mistakes in this document, it says that you agree to cooperate to get those corrected.
Here is an attorney Representation letter it says that the attorney who created these documents, represent either the title company or the lender and they don’t represent you. please go ahead and sign and date.
Here is your w9 for taxes purposes please make sure your information and your social security number is correct in here and then go ahead and sing and date towards the middle of the document.
then we have the renewal and extension rider this acts as a bridge between your deed documents and your new deed documents that we signed today, please go ahead and sign and date.
this next document is your signature and name affidavit (aka) it states any akas you might have had, if you agree with them, you can leave them alone but if you don’t agree with any of those you are just going to put a strike thru it and you’re going to initial
next to it and then you will sign all the way in the bottom and date. this document gets notarized and entered into my journal
Here is the owner’s affidavit it says that there is no leans or judgments against this property and that you do own this property please go ahead and sign it and then I notarize it.
Had to type the whole thing to memorize it. Hope it helps you and good luck!
Perfect!!!! 🎉Thank You Both!! New to this....
The easiest mock signing I’ve seen! Straightforward. Thank you!
Thank you :-)
Straight to the point! OMG why can’t people be more like you! Thank you so much you’re awesome!
Lol, thank you! I needed some of that encouragement today!
Wow thank you , this is perfect and makes me feel so confident on doing a signing!
I appreciate your kind words. :-)
This is great. I didn’t realize a journal entry was made each time you notarize. I thought only once at the beginning of the signing.
Yes, I too learned this late...lol. That is when I started looking for the special journals which you can enter multiple documents on one page.
@@SPNotarySigningAgent
I just found one of those journals on Amazon☺️
@@43xoxo2 awesome, which one did you order? How do you like it?
Hello again.
It’s called The Secure Notary Public Journal for Signing Agents. 🙂
I know this is an old video but this definitely helped clarify! Thank you!
This was an absolutely professional mock signing. To the point and man I wish I had your script.
You are welcome to say what I say, but you will have your own organic script you will develop very soon :-)
I agree, you are very clear in your delivery. I got my license in Jan and was too scared to go out there. You just renewed my confidence. Great job!!!
I am so happy to hear this. All the best to you, :-)
@hammej harris did you finally do a signing? How was it?
@@Danielle-kn3qg I have, multiple times over, thanks to you!!! I'm now marketing myself for directs. I live in Maryland. You are amazing❤
@@hammejharris267 I’m just a viewer, I did not make this video. I am going to take my test this weekend. I am nervous just like you were. I was hoping you would tell me you are doing great and love it and it sounds like that is the case . Congratulations!
@@Danielle-kn3qg I realized that after I responded. You will do great, just follow this video and tell yourself you can. It really is easy.
Even though this is a mock signing, I'm so impressed with your flow of presentation of the documents. Thank you for taking the time to do this. #NorthCarolinaNotaryPublicandNSA
Omg I'm located in florida New signing agent your flow is flawless so confident. Really appreciate you sharing with newbies there is plenty work out there. So my question is you don't show borrower every document?
You're so sweet. You are required to show them every page of any document they are signing. :-)
@@SPNotarySigningAgent thank you 😊
Mrs. Capio I will too want to be a Loan Signing Agent (here in Florida). Did you have a coach or did you take any of the courses online? I am confused, there are so many out there that I don't know which in reality is the best course to take. Recommendations ? Thanks.
Best video I've seen so far on presenting loan docs. Thank you.
Wow, thank you!
Just accepted my first assignment and your video gave me the confidence boost needed. Your instructions were clear and presentation flowed well! Thank you!!!!
Oh my goodness, this is a well done mock video. Thank You this is soooooo helpful!!! ❤💯
Thank you so much for such a sweet comment.
This is absolutely the BEST mock signing video on the internet. Thank you for doing it. You didn't even try and sell me anything! In the future I would love to see all the actual documents. You did show some of them which was excellent. Thank you thank you.
Thank you for the kind words.
Thank you for your concise and comprehensive walkthrough of the signing process. As a recently certified NSA I found your explanation to be extraordinarily helpful. I'm still a bit nervous about my first signing but I feel better having watched you go through the process.
Glad it was helpful!
Extremely helpful! I was a nervous wreck just thinking about my first signing tomorrow but my nerves eased up after watching. Thank you!
How did it go?
@@SPNotarySigningAgent it went ok. It was completed but I was definitely nervous and not feeling confident. Practice makes perfect and so ready to get a rhythm going. I have another signing tomorrow! 😅
Thank you so much, I just passed my Texas signing exam and this is so helpful.
Thank you miss you are so valuable
Such a sweet thing to say. :-)
Plz do a HELOC closing.... even if you personally don't do them.... but your instructions are so persise we your subscribers would benefit greatly....
I do not do HELOCs since I it is not easy to find an attorney or title office and other signings keep me busy enough. That is the reason, I do not know what other documents are included in that loan packet, but if you can send me a list of those additional documents, I will research them and create a tutorial. :-)
@@SPNotarySigningAgent Thank you so much, I am familiar with the standard docs in the HELOC such as the Notice of right to cancel, signature name affidavit etc. Where I am having difficulty is in regards to the following docs:
-Membership application and account card
-Deed of Trust for HELOC
-servicing fees schedule
-Disbursment request and authorization
-And HELOC agreement advance modification
Again thank you so much I am a loyal subscriber and I must say this currently has my studies on pause, so I do thank you very much.
I will look into these. Thank you so much. :-)
In the beginning after you took their IDs, why did they sign your journal? Did you start with the Patriot act form? Your presentation is top notch! This video and your future ones are and will be invaluable to this industry! Thank you!
Really appreciate the kind words. In TX, the signers are not required to sign your journal but it is best practice to get their signatures on every entry unless you are using one of those journals for loan signing which have the one page multiple entires format.
Thank you that was a wonderful video
This was very helpful. Will watch again to help in retaining and learning the process. Thank you so much
This is one of the most informative videos I've seen on UA-cam on how to navigate a loan signing. Keep these coming!
This is big time! If you're Notary in the Bay Area please reach out! I'm building a team of notaries! Let's get it
This was very helpful I’m starting the process of becoming a agent and I’m already nervous 😂 this video really eased me
Thank you for this!
I have been trying to figure out if you have to make a journal entry when doing a loan signing and no other videos that I have watch even reference the journal.
Great video!!
Fantastic job!!! Thank you!!
Thank you Angela 🙂
Thank you so much for this video. It’s very hard to find mock signings
I'm so happy to help. 🙂
I do mine a little differently, but you have some really great tips! Thank you
Thank you. I'd love your feedback 🙂
You did a great job explaining all the main documents to the borrowers, which is just as good as you giving me the hand written documents yourself, which is greatly appreciated. God Bless.
Thank you for the kind words Jeffrey :-)
Excellent job explaining the documents!
Thank you!
OH my! Thanks for making this video. Just what I needed.
That is awesome Karla!
What a wonderland video,
if I only had a link for a blank mock packet so I could have a visual in hand it would be so so helpful. Even thought each state might be different it would serve a a great in hand learning tool.
Would you by chance have an idea where I can find a link for a similar packet?
Thank you so much! Loved this video
I liked and Subscribed
This was great!
Thank you Reggie!
I truly enjoyed how you explained each document! Thank you so much!
You are so welcome!
Thank you. I'm brand new at loan Signings and was worried I might be doing it wrong. This helped me a lot. Subbed.
Thank you. :-)
Thank you so much. I’m so confident I can do this after looking at your video. Please do more videos. ❤🙌🏿🙌🏿
wow great , short, and to the point DONE
Perfect presentation!! I feel a lot more confident and ready for my first appointment!
Best of luck!
Hello your utube is most helpful I'm a new loan signing agent and very nervous I don't want to make any mistakes thank you
Thank you. I guess I was having some anxiety, but now seeing how seamlessly you ran through this it should make things much less stressful. Hopefully I can get to the "easy peasy, lemon squeezy" stage sooner now. Thanks again.
You make me feel so much more comfortable
Saanika, your encouraging words are like a breath of fresh air. I am about to finish Mark Will's course, and I'll take all the positiveness and encouragement I can get as I prepare for my first signing. (Jitters!) Thank you for your videos.
Best one I've found
Thanks so much I’m new and I haven’t done my first loan signing yet, but with this video I will be more confident .
I am so glad to know.
This amazing work! Thank you for sharing
This is the best video I’ve seen on loan signing. Such a big help in deciding if I’d like to pursue this part time. Thank you! 💖
Glad it was helpful!
You make the process seemless and easy. I been so petrified to do a signing. This gave me encouragement to give it a try! Thank you!
This is a gem! thank you so much for this. May you have all the success of the world. I've seen at least 10 times. I wish my training had included something like this. I have a request: Could you explain the lesser known docs of the package? I struggle explaining them. Many blessing to you.
Thank you for your kind words, can you specify which documents you need help with? :-)
@@SPNotarySigningAgent Ill compile them for you. Ill come back with it soon
Thanks for teaching us. Is it possible to slow down a bit when you are going through your presentation? It’s like you are speeding through it all. Thank you again for sharing!
Thank you for making such valuable, straightforward content. You are much appreciated. 💚
Thank you.
this was wonderfully helpful. Thank you for going through it.
Great Great Great video. On the urla you say a single borrower doesn't have to sign the top of page one. My instructions always say "do not" forget to have the borrower sign the top of page one. Is this just specific to companies you've worked with so far? Thanks
Yes, I have gone back and forth about this and finally decided I was just going to ask them to sign regardless cause it won't hurt. The form says to only sign if there are more than one but some lenders/title companies ask for signatures regardless.
Wow you are awesome I have seen tons of mock signing and by far yours has been the best...I am a Newby only done one refi it took me 2 hrs not good
Excellent how you explained it all Thank you!
Wow this is amazing I am glad I got to see your page.😀
I really enjoyed your video and you really bespoke nice and slow and l was able to take notes. I am a new singing agent and l have not got my first appointment.
Your video is extremely helpful. Thank you so much!
You're very welcome!
Thank you for this video! It is really very helpful! It gave me the confidence I needed to start doing loan signings. You are a true gem!
Excellent!!! Picked up some gems to use next time. Thank you!!
So happy to hear that Victoria 🙂
I'm also in Texas! Thank you for this video, Great presentation on a mock signing.
Glad you enjoyed it!
Thank you for this!!! Straight to the point!
:-)
Wow! I love this video. Very helpful for someone starting out. Thank you!! I really appreciate the way you enlarged the document so we can see what's like . Do you have a video where you notarize the documents? I always wonder which documents need to be notarized and put in the journal.
In the loan packet, the documents they need notarized will have an Acknowledgement or a Jurat included for you to complete. You will log EVERY notarization in your journal for record keeping.
Your presentation was on point. Viewing this video has put my loan signing into perspective as a new loan signer! Very helpful video. Thanks!
I have listened to several people and to me you are the best . Thank you. BLESSING'S
Nicely done. Great video, thank you for sharing 🥰
Glad to help. :-)
I appreciate the fact that you talk about recording the information in the journal after notarizing. The only video I've seen do that. What about the thumb print? I didn't see any?
We do not thumb print in our state. :-)
Thank you for this great video!🙌🏼 so helpful!
Great explanation, short , simple and to the point
This was a wonderful review! Thank you for the upload!
Love your channel. Immediately subscribed. I have no fear now just watching this one channel over the ones I paid for in a course :/
Welcome aboard! Thank you. :-)
OOO i caught a mistake! Make SURE you make notice to the signer of the check mark box above the signature on the 4506-T, they MUST check that box in order for the loan to close. AWESOME mock signing regardless, very well done you present yourself extremely well, I look up to you :)
Good call!
Can u elaborate please?
Thank you so much for the valuable information! :)
Thank you so much , as I’m watching this I’m all calm because of your introduction and your explanation is very clear . Before watching your video I was so nervous cos I have my first signing tmrw at 1pm direct from an escrow officer and the signing will be done at the escrow’s office. I’m signing both buyer and sellers both will be my first experience.
That is fantastic. Hope it went well. :-)
Thank you for this video!! Very helpful
You're so welcome 🙏
Great information in this video. Very straight forward. Thank you for sharing.
Wondeful video! Thank you! Please post more!!
More to come!
Do you have a video on a mock refinance signing? This video was so helpful! Very well done. #goals
This video applies to a refinance as well.
Great presentation! I would like to see statements of declared value/ capacity forms mocked. I’d also like to see any complicated or uncertain forms.
I am not familiar with statements of declared value/ capacity forms. What specific complicated forms are you referring to? :-)
Loved this video! I have done 2 signings so far and the hardest part for me is having a general description of the document to present to them. Your descriptions are clear and straightforward - and just what I needed! I liked/subscribed and can't wait to watch all your other videos!!! Thank you so much 🙂
Glad it was helpful!
Thank you. This was informative and to the point. I just passed my nsa exam and will be out in the signing world very soon.
How’s it going
Thanks for that demonstration
A plus! Soooo helpful. Have you done a video on the best rolling briefcases to get for our signings?
Thank you. No I do not use a rolling briefcase. I use this one: tinyurl.com/ysawptsy
I have heard good reviews about this one: tinyurl.com/3emrrhcf
I’m waiting on my app to come back for the Notary Public. I’ve been watching all these videos and yours is hands down one of the best. Thank you.
Awesome! Thank you!!! :-)
You make it look so easy! Subscribed and looking forward to more videos!
It will become easy once you do a few...trust me!
Thank you, got your journal too! Can't wait.
This is great video and explained very well for beginners.
This was helpful. Thanks for posting!
You're welcome!
Thank you. I really appreciate your video. I have been watching lots of different videos and was confused on whether to write it in my notarization log (I knew I have to) just confused the examples others signing agents were giving did not include that part.
Yes, every stamp needs a journal entry for each person signing above it.
This helped a lot thank you.
You're welcome!
Wow! This was great! As someone that is just starting to learn about this career, I really do appreciate all of the time you put into this video. It really helped me understand better some of the documents.
Thank you so much!
Everything I needed! I feel more prepared to get started thank you very much.
You got this!
Great video!! Thank you so much!
Thank you. :-)
This video is very well done! Thank you!
Great Job! I really enjoyed and got a lot out of your video. I took notes, step by step. Tk u!😊