Power of Attorney is a common accommodation used for either buyers, sellers or in the case of a re-finance, borrowers to assist in the signing process. As the name implies, this accommodation allows the buyer/seller or borrower to convey signing authority to another individual according to the requirements of your escrow/settlement agency.
If this accommodation is selected, you will be presented with the option to provide additional relevant details in the notes section of the accommodation. The Power of Attorney icon (
) will then appear on our transaction with a small "B" or "S" to indicate whether this accommodation is for the buyer/seller or both. In the case of a refinance, the icon will appear without this designation. Your Escrow Officer/Settlement Agent will be able to see these details and can coordinate the Power of Attorney specifics accordingly.
For information on how to update your transaction details to include remote signing, click here.