NOTARY Signing Agent

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) 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. What is a contracting company? : A closing company could be: -closing agent -bank -escrow company -attorney -signing service -borrower's 2 | P a g e What types o...

Notary Signing Agent Certification Study Guide: Part 1

Notary Signing Agent Exam Questions and Answers Rated A+ acknowledgement notarial act where the signer admits to notary that he signed doc, that he understands the contents of the doc; and that he is aware of the consequences of executing the doc by signing it. signer indicates that he signed of his own free will. taken from signers of documents such as deeds, contracts and powers of attorney. By signing the document the signer agrees to the terms and conditions of the document. The signer doe...

acknowledgement - notarial act where the signer admits to notary that he signed doc, that he understands the contents of the doc; and that he is aware of the consequences of executing the doc by signing it. signer indicates that he signed of his own free will. taken from signers of documents such as deeds, contracts and powers of attorney. By signing the document the signer agrees to the terms and conditions of the document. The signer does not have to sign the document in the presence of ...

Notary Signing Agent Exam Questions With Complete Solutions HELOC - Answers -Home Equity Line of Credit Construction Loan - Answers -A short-term, interim loan for financing the cost of construction. The lender makes payments to the builder at periodic intervals as the work progresses or is converted to a mortgage. Reverse Mortgage - Answers -A loan based on the equity in a home that provides homeowners with tax-free income and is paid back with interest when the home is sold or the hom...

Notary Signing Agent 2024 Exam Questions Marking Scheme 1003 - Uniform Residential Loan Application - Answer -Standard form completed by borrowers when applying for a mortgage loan. A borrower lists all assets and liabilities on the form, also includes a section for income, including two years of employment history and monthly household income. ACKNOWLEDGEMENT - Answer -Formal declaration before a public official that one has signed a document prior to recording real estate documents, such...

Notary signing agent certification training exam

NOTARY Signing Agent Certification Exam Questions and Answers

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) 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. What is a contracting company? - A closing company could be: -closing agent -bank -escrow company -attorney -signing service -borrower's What types of transactions ...