Mortgage Loan Check List
Please use this checklist to have everything needed to sign the mortgage loan application. Call if you have any question regarding needed items, information, or documents.
- Make sure there is a clean space and place where NSA (Notary Signing Agent) and loan signers can discuss and sign loan documents uninterrupted. This process generally takes 45 minutes to 1 hour.
2. Closing Disclosure: In most cases, make sure that your bank, realtor, or loan entity, has sent you in advance a copy of the Closing Disclosure. This itemizes all closing costs; page 1 includes loan amount, interest rate, projected monthly payments, closing costs and cash to close. The remaining pages include details of the closing cost, payoffs and payments, cash to close calculations, disclosures, loan calculations and contact information.
a. Why this document is important? Loan signers can check for any errors such as:
Name / Names of Loan Signers.
Birth Date, Address, SSN, Loan Amount, Loan Percentage, & RateFees.
3. Have a copy / copies of a valid and current Identification. In most cases the surety wants a copy of a current and valid drivers license or state identification card. In some cases a copy of a U.S. Passport will work.
4. Have any stipulations ready such as: Checks for closing costs, mortgage statement, copies of ID cards, IRS & State tax returns and forms W-2, income statements, & insurance declarations.
5. Meeting the Notary Signing Agent.
The Notary Signing Agent will schedule a meeting place and time in advance. Be sure to ask and see the Notary Signing Agents Identification before the loan signing process, meeting, and or invitation into your home. (I will present you my U.S. PASSPORT as identification for Arizona Public Notary and a business card).
6. During the signing process each document will be explained. Some documents will be signed, while other documents will not be signed. On certain documents Notary Signing Agents will sign the same document as signers.
7. Signers may be required to take an oath. It is important that the loan signers participate in this process or the signing can be paused or stopped, which can delay the loan signing.
8. For signers of Loan and Legal Documents.
It is important to show and demonstrate to the Notary Public that when signing documents or taking an oath you are doing so willingly, of your own free will, and that you are aware. If not, the Notary Public will pause or stop the process and not notarize documents or oaths.
9. When the Mortgage Loan Application is finished, you will be handed an exact copy of the application for your own personal records.
10. Once the Mortgage Loan Process is finished the Notary Signing Agent will deliver the application to the Mortgage or Title Company.