10 Common Loan Signing Mistakes and How to Avoid Them
Loan signings are a crucial part of real estate and financial transactions, and even small errors can lead to delays, frustration, or even legal issues. At HoneyBea Notary, we understand the importance of accuracy and professionalism in every signing.
Loan signings are super important for things like buying a house or refinancing. But even small mistakes can slow everything down. Don’t worry—here are 10 common mistakes people make during loan signings and how to avoid them!
1. Forgetting to Sign All the Pages
Some documents need lots of signatures. Missing one can cause delays.
How to Avoid It: Check every page to make sure all the right spots are signed.
2. Writing the Wrong Date
Putting the wrong date, or forgetting it, can make the document invalid.
How to Avoid It: Double-check the date before you finish signing.
3. Using the Wrong Pen Color
Some companies want you to use blue or black ink only.
How to Avoid It: Ask what color to use before you start signing.
4. Not Following Instructions
Every lender has rules about how documents need to be signed.
How to Avoid It: Read the instructions carefully or work with a notary who knows what to do.
5. Forgetting Notary Certificates
If a notary certificate is missing, the document might not count.
How to Avoid It: Make sure all the certificates are filled out and attached.
6. Skipping ID Checks
Not checking someone’s ID is against the rules.
How to Avoid It: Always have a valid ID ready, like a driver’s license or passport.
7. Rushing Through Signing
If the signer feels rushed, they might not understand what they’re signing.
How to Avoid It: Take your time and make sure everyone feels comfortable.
8. Missing Initials
Some pages need your initials in certain spots.
How to Avoid It: Check the whole document for places that need initials.
9. Not Keeping a Record
Notaries need to keep a journal of every signing they do.
How to Avoid It: Work with a notary who records everything properly.
10. Choosing the Wrong Notary
An inexperienced notary can make mistakes that slow everything down.
How to Avoid It: Pick a professional like HoneyBea Notary who knows how to handle loan signings.
Ready to book your next loan signing appointment? Contact us today at info@honeybeanotary.com. Let’s make your loan signing experience smooth and stress-free! 🐝
