Georgia LOAN PROCESSING
Is Georgia a Title State or an Attorney State?
Georgia is an attorney state. State law requires a licensed Georgia attorney to conduct or supervise every real estate closing, this is a firm legal requirement, not a regional custom.
Do You Need a License to Outsource Loan Processing in Georgia?
No additional licensing is required on your end as a broker or loan officer. Georgia requires mortgage companies to hold a Mortgage Lender License, and Hancock maintains the appropriate licensing to operate in the state.
Who Does the Closing Attorney Represent in Georgia?
In a financed transaction, the closing attorney represents the lender first. The attorney still has duties to deal fairly with the buyer and seller, but their primary legal obligation is to follow the lender's closing instructions. This is worth understanding since it affects how document flow and timelines work compared to title-only states.
Hancock Processing Services in Georgia
Is Hancock Processing licensed to process loans in Georgia?
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Yes, Hancock maintains the required licensing to operate in Georgia.
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What Loan Types Does Hancock Process in Georgia?
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Conventional and FHA loans make up a large share of Georgia's volume, with growing DSCR activity tied to strong investor demand in the Atlanta metro area.​​​​
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Does an attorney-closing requirement slow down processing in Georgia?
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Not when the file is coordinated properly. Hancock's processors are experienced working alongside Georgia closing attorneys to keep files on schedule.