Signing Agent correctly answered to pass 2023
Signing Agent correctly answered to pass 2023what 2 things does every borrower want to know? - correct answer 1. how much will this loan cost me 2. how much will my monthly payment be what is the correct order of the documents you show to the borrower first? - correct answer 1. closing statement 2. note 3. payment letter what is the job of the loan signing agent? - correct answer guiding borrower through closing documents give NO opinions how should borrower sign - correct answer sign as their name appears for example, use middle initial if it's part of name how can you figure out term of loan? - correct answer using beginning and ending dates on note where can you find term of loan? - correct answer note what 6 thing should be pointed out on note to create trust? - correct answer 1. loan amount 2. interest rate 3. first/last payment --> term 4. fixed/adjustable 5. monthly principle and interest 6. pre-payment penalty (or lack of it)
Written for
- Institution
- Notary Signing Agent
- Course
- Notary Signing Agent
Document information
- Uploaded on
- June 15, 2023
- Number of pages
- 13
- Written in
- 2022/2023
- Type
- Exam (elaborations)
- Contains
- Questions & answers
Subjects
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signing agent correctly answered to pass 2023
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what 2 things does every borrower want to know
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what is the correct order of the documents you sho
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what is the job of the loan signing agent
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