NORTH CAROLINA LOAN PROCESSING
Is North Carolina a Title State or an Attorney State?
North Carolina is an attorney state. State law requires a licensed North Carolina attorney to supervise the closing and handle tasks considered the practice of law, including preparing the deed and providing the title opinion. A title company can be involved, but it does not replace the attorney requirement.
Do You Need a License to Outsource Loan Processing in North Carolina?
No additional licensing is required on your end as a broker or loan officer. North Carolina requires mortgage companies to hold a Residential Mortgage License, and Hancock maintains the appropriate licensing to operate in the state.
How Does the Attorney Requirement Affect Processing in North Carolina?
Because a North Carolina attorney must certify title and prepare the closing documents, processors need to coordinate closely with the closing attorney's office rather than working solely with a title company, which can affect document flow and timelines compared to title-only states
Hancock Processing Services in North Carolina
Is Hancock Processing licensed to process loans in North Carolina?
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Yes, Hancock maintains the required licensing to operate in North Carolina.
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What Loan Types Does Hancock Process in North Carolina?
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Conventional and Government loans make up the bulk of volume, with steady DSCR activity in growing markets like Charlotte and Raleigh.​​​​​
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Does North Carolina's attorney requirement change what my Loan Officer needs to do?
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No, your Loan Officer's responsibilities stay the same. Hancock's processor coordinates directly with the closing attorney's office on your behalf.