oboloo Glossary

Loan Document Signing

oboloo Glossary

Loan Document Signing

Loan Document Signing is the process of verifying, approving and physically signing various documents related to a loan contract, such as promissory notes, mortgages, or credit agreements. This process is a crucial part of the loan agreement between two parties, ensuring that all included clauses are completely understood and agreed upon before signatures are put on the official document. It is a legal action that certifies and validates the entire contract, and gives the necessary protection needed to hold both parties accountable. Loan Document Signing can be conducted in person or electronically, providing a secure and convenient way for parties to sign off on the deal.