I am fairly new to loan signing - only on my 10th signing tomorrow. Every signing I’ve done so far (refi’s and HELOCs mostly) has included a Settlement Statement, but there isn’t one in the docs for my Refi signing tomorrow. I thought Settlement Statements were required by law, but after doing some Googling, I’m getting mixed information. Should I send a note to the signing service (via Snapdocs signing order) that this is missing from the package, or is it OK that there isn’t one and I can ignore this?
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If it were me, I would ask. Can’t hurt, and it shows you’re being conscientious and professional. Plus, for me, it would help me have peace of mind as opposed to wondering whether or not I should have asked.
As far as whether or not it is absolutely required, I think it is, but, sometimes the closing disclosure and settlement statement are provided electronically to the customer in advance of the signing, which, I think, fulfills the requirement. However, almost all lenders and title companies that I am aware of require a wet signature for both. And so, again, if it were me, I would ask.
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When in doubt, ask. Can’t hurt/may help.
Thank you for your help. I sent a message on the Signing order form, but did not receive any reply before my signing. At least I am confident that I brought it to someone’s attention in case it was a mistake.