What must all mortgage loans in South Carolina be closed by?

In South Carolina, mortgage loans must be closed by an attorney. This requirement is rooted in the state's laws that govern real estate transactions and the closing process. Having an attorney conduct the closing is designed to ensure that all legal aspects of the transaction are handled properly and that both parties are protected. Attorneys have the necessary knowledge and qualifications to review all documents, complete the title search, and ensure that all legalities are appropriately addressed during the closing process. This requirement is distinct to South Carolina and focuses on maintaining high legal standards in real estate transactions.

While notaries and licensed real estate agents play important roles in the home buying and selling process, and mortgage brokers facilitate the loan process, they are not authorized in South Carolina to perform the legal closure of mortgage transactions.