NOTARY SIGNING AGENT CERTIFICATION EXAM |
QUESTIONS & 100% CORRECT ANSWERS (VERIFIED) |
LATEST UPDATE | GRADE A+
,Who are the stakeholders in the loan process?
Correct Answer: The stakeholders in the loan process are: the borrower, the lender, the contracting
company, and the NSA(Notary Signing Agent)
Who hires an NSA?
Correct Answer: An NSA is hired by a contracting company to provide signing services and oversee
the actual loan signing with the borrower.
What is a contracting company?
Correct Answer: A closing company could be:
-closing agent
-bank
-escrow company
-attorney
-signing service
-borrower's
, What types of transactions does a Signing Agent handle?
Correct Answer: -Refinance
-Purchase and sale
-HELOC
-Construction
-Commercial
-Reverse Mortgage
What are some Signing Agent DO's and DONT's?
Correct Answer: You can:
-Print Loan documents
-Oversee the signing
-Notarize the appropriate documents
-Return the documents
You can't:
-Process loans
-Conduct a settlement
-Prepare documents
-Offer am opinion or legal advice to the borrowers
What are some examples of discriminatory or unfair practices?
QUESTIONS & 100% CORRECT ANSWERS (VERIFIED) |
LATEST UPDATE | GRADE A+
,Who are the stakeholders in the loan process?
Correct Answer: The stakeholders in the loan process are: the borrower, the lender, the contracting
company, and the NSA(Notary Signing Agent)
Who hires an NSA?
Correct Answer: An NSA is hired by a contracting company to provide signing services and oversee
the actual loan signing with the borrower.
What is a contracting company?
Correct Answer: A closing company could be:
-closing agent
-bank
-escrow company
-attorney
-signing service
-borrower's
, What types of transactions does a Signing Agent handle?
Correct Answer: -Refinance
-Purchase and sale
-HELOC
-Construction
-Commercial
-Reverse Mortgage
What are some Signing Agent DO's and DONT's?
Correct Answer: You can:
-Print Loan documents
-Oversee the signing
-Notarize the appropriate documents
-Return the documents
You can't:
-Process loans
-Conduct a settlement
-Prepare documents
-Offer am opinion or legal advice to the borrowers
What are some examples of discriminatory or unfair practices?