Loan Signing Agent-NNA questions and answers 100% guaranteed success.
Loan Signing Agent-NNA questions and answers 100% guaranteed success. Before you can notarize ones signature, what are the basic requirements? - correct answers.The signer must appear before you-no exceptions. Why is personal appearance important in notarizing? - correct answers.Are who they say they are, signing at their free will and know what's happening. How do you review a document? - correct answers.Make sure its OK to notarize, Find out what kind of notarization to do, Locate the info for your journal How do you screen a signer and verify facts? - correct answers.They're acting willingly, Aware of what's happening, Identified them properly, What are the common methods of identification? - correct answers.Personal Knowledge, Identification documents, credible identifying witnesses. How do you record the notarization? - correct answers.Date and time of notarization, type of notarization, Address, Document date, Document title or type, name of each signer, Method used to identify signer, signature of each signer, Fees charged and any relevant info. How do you complete the Notary Certificate? - correct answers.Fill in the venue, Fill in the body of the certificate, Sign your official notary signature, Add your official notary seal or the information required by your state. Who are the four key parties involved in a loan signing? - correct answers.Lender, NSA, Borrower, Contracting company Whats the role of an NSA in a mortgage process? - correct answers. Who are your stakeholders in a signing? - correct answers. What is a Borrower? - correct answers.Home or property owner, they initiate the loan by contacting lender and applying for it. Lender - correct answers.Finance company ( a bank), approves, and funds a loan and contracts the closing agent. What can qualify as a contracting company? - correct ng agent, What is a closing agent? - correct izes documents for signing appointment and for closing the loan. Example of a closing agent - correct answers.Attorney, Bank, Title Company, Escrow agent, Borrowers, Signing service What else can a contracting company serve as? - correct answers.A signing service Whats a signing service? - correct answers.Middleman or broker has accounts w/ lenders and title companies to schedule nsa to have home loan signings Where does a loan signer fit in the loan package? - correct answers.Facilitate seller signing appointment and borrower signing appointment and are the face of a lender. ( Lending) What are service level agreements (SLA)? - correct answers.Part of a service contract between a lender and a contracting company Who are Notary Signing Agents hired by? - correct answers.Lenders, title company or closing agent Why do hiring companies that hire loan signers? - correct ete the loan process In turn what do signing agents do? - correct answers.Deliver loan packages to borrowers, making sure it is signed and returned to the lender. What are the 5 primary responsibilities of an NSA? #1 - correct answers.To coordinate appointments where loan docs are signed by borrower. What are the 5 primary responsibilities of an NSA? #2 - correct answers.Receive docs for the signing appointment and deliver those docs to the appointment What are the 5 primary responsibilities of an NSA? #3 - correct answers.Make sure real estate docs are properly executed.
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