Notary Loan Signing Agent Terms questions and answers 100% guaranteed success.

Notary Loan Signing Agent Terms questions and answers 100% guaranteed success. ACKNOWLEDGEMENT - correct answers.Formal declaration before a public official that one has signed a document AKA (also known as) - correct answers.A person who is also known by other names ALLONGE - correct answers.a document used to transfer the interest in a Note from one lender to another. APA (All Purpose Acknowledgment) - correct answers.Shows that a notary public has established the identity of the signer(s) and witnessed the signature of a document. APR (Annual Percentage Rate) - correct answers.The interest rate for a whole year (annualized), rather than just a monthly fee/rate ARM (Adjustable Rate Mortgage) - correct answers.A mortgage where the interest rate is not fixed for the life of the loan. ATTORNEY STATES - correct answers.States that require that closings be conducted by an attorney as opposed to a Notary. Notaries can be used for Home Equities & Refinances. BALLOON PAYMENT - correct answers.A loan which does not fully amortize over the term of the loan. BUYER - correct answers.Person(s) purchasing property CLOUD ON TITLE - correct answers.Deed that is recorded but includes an unusual characteristic that would give a person pause before accepting title. COMMITMENT LETTER - correct answers.A letter that provides the borrower a summary of all terms of the loan COMMUNITY PROPERTY - correct rty acquired during marriage and owned equally by both spouses even upon divorce COMPLIANCE AGREEMENT - correct answers.Agreement where borrowers must be willing to resign certain loan documents if the mortgage company deems that there was incomplete or incorrect confirmation email - correct answers.The email sent to the Notary which provides all of the information about their assignment. CORPORATE ASSIGNMENT OF DEED OF TRUST - correct answers.The document used to transfer the interest in a Deed of Trust from one lender to another. DEED - correct answers.Formal written document transferring title of real estate Deed of Trust - correct answers.Security instrument that is recorded to give added assurance that the promissory note will be paid when due. Places a public notification that there is a loan against the property. For the lender to foreclose, they are NOT required to use the court system or the sheriff's office. DOCS - correct answers.Slang for loan documents. EASEMENT - correct answers.a certain right to use the real property of another without legal possession. ENCROACHMENT - correct answers.a term which implies "advance beyond proper limits". ESCROW OFFICER - correct answers.An unbiased third party between Buyers, Sellers, and Lenders. They are responsible for the exchange of property and money between the parties once all requirements have been met. ESCROW/IMPOUND ACCOUNT - correct answers.An account maintained by the lender for payment of property taxes, homeowners insurance, mortgage insurance or other expenses FIXED RATE MORTGAGE - correct answers.A mortgage where the interest rate is fixed for the life of the loan. FHA - correct ed in 1934, They insure loans made by banks and other private lenders for home building and home buying. FKA (Formerly Known As.) - correct answers.Someone who once had a different legal name but switched it