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1. Who are the stakeholders in the loan process? The stakeholders in the loan
process are: the borrower, the
lender, the contracting company,
and the NSA(Notary Signing Agent)
2. Who hires an NSA? An NSA is hired by a contracting
company to provide signing ser-
vices and oversee the actual loan
signing with the borrower.
3. What is a contracting company? A closing company could be:
-closing agent
-bank
-escrow company
-attorney
-signing service
-borrower's
4. What types of transactions does a Signing Agent -Refinance
handle? -Purchase and sale
-HELOC
-Construction
-Commercial
-Reverse Mortgage
5. What are some Signing Agent DO's and DONT's? You can:
-Print Loan documents
-Oversee the signing
-Notarize the appropriate docu-
ments
-Return the documents
You can't:
, NOTARY Signing Agent Certification Exam
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-Process loans
-Conduct a settlement
-Prepare documents
-Offer am opinion or legal advice to
the borrowers
6. What are some examples of discriminatory or -refusing to perform signing or
unfair practices? providing inferior services based on
clients race, color, national origin,
religion, gender, sexual orientation,
disability, family or migratory sta-
tus
-making unprofessional and insen-
sitive remarks about the clients cul-
ture, level of education or lifestyle
-Prompting the perception of un-
welcome advances or a lewd act
7. Where does the NSA fit in the loan process? You may be the first or the only per-
son the borrower meets. Although
you are involved in only one step,
the whole loan process hinges on
how well you do your job.
8. What are the key responsibilities of a Signing Key responsibilities:
Agent? -Travel to the borrower
-Oversee the Signing
-Collect stipulations and notarize
applicable documents
-Ensure that the documents are
signed, dated or initialed properly
-Review all the documents