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NOTARY Signing Agent Certification Exam Questions And Answers

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Institution Notary Signing
Module Notary Signing
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NOTARY Signing Agent Certification Exam Questions And Answers Who are the stakeholders in the loan process? - ANS The stakeholders in the loan process are: the borrower, the lender, the contracting company, and the NSA(Notary Signing Agent) Who hires an NSA? - ANS 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? - ANS A closing company could be: -closing agent -bank -escrow company -attorney -signing service -borrower's What types of transactions does a Signing Agent handle? - ANS -Refinance -Purchase and sale -HELOC -Construction -Commercial -Reverse Mortgage What are some Signing Agent DO's and DONT's? - ANS 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? - ANS -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

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