It's a purchase transaction. The loan documents must be signed today. Today is the funding date. There's just one problem. Two people are required to sign them. But they are 20 miles apart.
The husband is at home. The wife is working a 12-hour shift at the hospital. She can't leave to go home. And he can't leave to go there. How do you get both of them to sign the documents on the same day?
One solution: a notary signing agent
That is the situation I was in today. First I drove 30 miles to Monument to have the husband sign. Afterwards I took the documents back to Colorado Springs to be signed by his wife, who took a break from her shift to sign them. Since they didn't appear together I had to add separate notary certificates for the wife. Apart from that, it's a very simple matter.
After I completed the signing, I faxed the HUD and Truth in Lending to the title company, then dropped off the documents at UPS.
Usually split signings are done when the signing parties are in different cities or states. But they can also be done as a convenience to the borrower. For example, when the husband and wife can't be together to sign the documents. In this case, the husband was able to stay home, and the wife didn't have to leave work.
If a loan needs to be closed, and the signing parties cannot be together, consider using a notary signing agent to conduct a split signing.