How To eSign California Home Loan Application

Manage documents, Collect Payments and Sign

people have been asking me to make this video since well since before I even started making YouTube videos hey signing agents this is Kendra with notary signing agent basics back with the video all about how I explain loan documents now this is the part of the job that probably gives new signing agents the most anxiety especially if they don't have any previous experience with loan documents themselves I mean how do you explain all of these loan documents to signers well today I'm gonna tell you but guys make sure that you stay to the end of the video because I'm gonna tell you how to get a free copy of the script that I'm gonna use in the video today now in this video I'm gonna show you how I explain what I consider the five most important documents in a loan package I found that if you can clearly explain these documents to signers then the rest of the signing should go pretty smoothly even if you can't explain the other documents now just so you know I am NOT an attorney I'm not giving you any legal advice I'm just giving you an example of how I explain these documents so before I get started let me give you a quick breakdown of what you can and cannot say as a signing agent as a signing agent you present a document to the signer and you give the signer the name of the document you can then give a description of the documents general purpose and you can point out information in the document to the signers such as loan payment amount prepayment penalty or other loan terms think about it this way you can basically answer what questions so for example if the signer asks what is my interest rate or what is my total payment well you can point out the interest rate that's shown on the closing disclosure or the note and you can point out the total payment that's shown on the closing disclosure or the payment letter as a signing agent you cannot give any advice or perform any duties that may be construed as the practice of law you cannot explain interpret or provide legal advice about the loan terms fees etc a simple way to think of this is that you cannot answer why questions so for example if a signer asks why is this my interest rate or why do I have to bring this amount of money to closing well you can't answer those questions and you'll need to direct the signer to talk to their lender for clarification now as long as you abide by the guidelines that I just gave you then there's really no one right way to explain loan documents every signing agent has their own particular way of doing things and their own preferences another notary may explain the documents in a different order or a different way than I...