![]() The principal lists all the matters for which the agent will make decisions, sign documents or give instructions. ![]() Definition of Limited Power of Attorney A limited power of attorney specifies the authority the agent will have. There would not be any changes to the terms of the loan though. The compliance agreement has the borrower agree to cooperate should there be any changes to any loan documents due to clerical errors. Compliance Agreement This document is similar to the correction agreement limited power of attorney as it serves as an attempt to find a way to ensure that small clerical errors can be quickly fixed. Sometimes the two documents are combined into one. Name Affidavit is a document in which a person certifies all the names that have been used by the person. Signature Affidavit Signature Affidavit is a document in which a person certifies that the signature provided is the true and correct signature. The Occupancy Affidavit is one of the documents in the loan package that is always notarized with a Jurat. limited power of attorney Occupancy Affidavit The Occupancy Affidavit is for the borrower to swear that they will be living in the property they are borrowing for rather than leasing the property to a third party. Notice of right to cancel Where are the common documents most likely to be notarized? -occupancy affidavit ![]() Look through every page in the packet and place a sticker for each signature/initial/date Where are the critical documents? -Closing Disclosure Place the closing disclosure or HUD-1 on top Special initial or signature instructions How do you check and flag documents? -Place a sticky note at the beginning of each document what you should collect from the borrowers erase documents from your hard drive when the appointment is finished What basic steps are involved in prepping the documents for the signing appointment? 1) look for a specific lender instructionsĢ)Use the prep sheet to organize the packet into note the stacking orderĤ)Compile a list of questions for the contracting company, if necessary What information should you look for in the lender instructions? -Who to call with questions during the signing act professionally: phone, email and texting What do I do if the documents are in electronica format? -receive documents via email or access contracting only work with experienced notary signing agent's How can you maintain your professionalism in different environments? -manage your home environment on a call contracted directly with lenders, escrow agents, etc. Will work with less experienced notary signing agent's ![]() What Is the difference between brokered and direct assignments? Brokered assignments ![]()
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