Guide.Questions And Answers Latest Updated 2024.Top
Ranked for Grade A+.
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Who are the stakeholders in the loan process? - answeThe stakeholders in the loan process are: the
borrower, the lender, the contracting company, and the NSA(Notary Signing Agent)
Who hires an NSA? - answeAn 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? - answeA closing company could be:
-closing agent
-bank
-escrow company
-attorney
-signing service
-borrower's
What types of transactions does a Signing Agent handle? - answe-Refinance
-Purchase and sale
-HELOC
-Construction
-Commercial
-Reverse Mortgage
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, NOTARY Signing Agent Certification Exam Study
Guide.Questions And Answers Latest Updated 2024.Top
Ranked for Grade A+.
What are some Signing Agent DO's and DONT's? - answeYou 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? - answe-refusing to perform signing or
providing inferior services based on clients race, color, national origin, religion, gender, sexual
orientation, disability, family or migratory status
-making unprofessional and insensitive remarks about the clients culture, level of education or lifestyle
-Prompting the perception of unwelcome advances or a lewd act
Where does the NSA fit in the loan process? - answeYou may be the first or the only person the
borrower meets. Although you are involved in only one step, the whole loan process hinges on how well
you do your job.
What are the key responsibilities of a Signing Agent? - answeKey responsibilities:
-Travel to the borrower
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