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Exam (elaborations)

NOTARY Signing Agent Certification Exam

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Blank Certificates - Never complete and return an extra acknowledgment or jurat that is not attached to a document. It is illegal Borrowers Certification Authorization - This document certifies all of the information provided in the loan application is true and complete. This is the Borrower's Certification and Authorization. By signing this document the borrower agrees and certifies that the information contained in the borrower's loan application is true and complete, without misrepresentation or omission of important facts. The borrower also authorizes the lender to release loan-specific information to an investor looking to purchase the loan in the secondary market. Information provided to the investor could include the borrower's employment history and income, bank account balances, credit history and copies of the borrower's income tax returns. Complete Notary Journal Entries - -record each notarization in your journal, even if not required by your state -One notary certificate equals one journal entry -Enter $0 for notary fee(since it's a loan signing appointment and not a standard notarization..the signing fee you receive from the contracting company is not recorded here) Compliance Agreement - Compliance Agreement. This states that if there are any typographical or clerical errors on the closing documents, the borrower would agree to sign any documents that had to be corrected. Signing Presentation Guidelines

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