Notary Signing Agent Certification Exam Questions and Answers – Complete Loan Signing Agent Practice Test and Study Guide (A+ Review Material)

NOTARY SIGNING AGENT




NOTARY SIGNING AGENT CERTIFICATION EXAM
QUESTIONS AND ANSWERS GRADED A+




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

,NOTARY SIGNING AGENT


-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:

, NOTARY SIGNING AGENT


-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 client’s race, colour, national origin, religion,
gender, sexual orientation, disability, family or migratory status
-making unprofessional and insensitive remarks about the
client’s 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? ANS >> You 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? ANS >>
Key responsibilities:
-Travel to the borrower