A settlement agent who is not an attorney does NOT perform which of the following functions?

A settlement agent who is not an attorney typically does not prepare the loan documents, as this function often requires legal expertise that only licensed attorneys can provide. The preparation of loan documents involves ensuring that all legal language is accurate and complies with relevant state and federal laws, which falls under the practice of law. Therefore, non-attorney settlement agents focus on administrative tasks and facilitating the transaction rather than drafting or preparing legal documents.

In contrast, obtaining binders on title insurance policies, requesting payoff information on existing loans, and recording documents like deeds or mortgages are generally within the scope of duties for settlement agents. These actions are more administrative in nature and usually do not require legal counsel to carry out, making them appropriate responsibilities for non-attorney settlement agents.