Resources > Glossary > Closing Agent

Glossary of Notary Public, Mortgage, Signing Agent, and Loan Signing Terms.

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Common Terms 1   Common Terms 2

Closing Agent

Phonetics: clos·ing a·gent

Function: noun

Closing agents can be the lender, escrow, title, closing service companies, etc. A closing agent actually performs the closing process, which includes, disbursement of funds, the issuing of title insurance, if applicable and recording of the deed. In addition, the closing agent, if a notary, can also notarize the applicable documents in the loan package. With the expansion of the lenders requirements across the nation, the need for a "signing agent " was developed. Many people do not correctly distinguish between a signing agent and a closing agent. The signing agent has only one function which is to supervise the signing and to notarize a few documents included in the loan documents during the signing.

Definition 1:
A closing agent actually performs the closing process, which includes, disbursement of funds, the issuing of title insurance, if applicable and recording of the deed.