NOTARY Signing Agent Certification Exam 2023 with all the correct answers

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 services 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 handle?: -Refinance -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 documents -Return the documents You can't: -Process loans -Conduct a settlement -Prepare documents -Offer am opinion or legal advice to the borrowers 6. What are some examples of discriminatory or unfair practices?: -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