Loan Signing Agent Guías de estudio, Notas de estudios & Resúmenes

Borrower (Mortgagor) An individual who applies for and receives funds in the form of a loan and is obligated to repay the loan in full under the terms of the loan. Title The document that gives evidence of ownership of a property. It also indicates the rights of ownership and possession of the property. Refinancing The process of paying off one loan with the proceeds from a new loan secured by the same property. Escrow Company A licensed neutral third party that distributes legal documents...

what 2 things does every borrower want to know? - 1. how much will this loan cost me 2. how much will my monthly payment be what is the correct order of the documents you show to the borrower first? - 1. closing statement 2. note 3. payment letter what is the job of the loan signing agent? - guiding borrower through closing documents give NO opinions how should borrower sign - sign as their name appears for example, use middle initial if it's part of name how can you figure out ter...

Loan Signing Agent-NNA Exam Questions and Answers

Loan Signing Agent Exam with complete solutions

Borrower (Mortgagor) - An individual who applies for and receives funds in the form of a loan and is obligated to repay the loan in full under the terms of the loan. Title - The document that gives evidence of ownership of a property. It also indicates the rights of ownership and possession of the property. Refinancing - The process of paying off one loan with the proceeds from a new loan secured by the same property. Escrow Company - A licensed neutral third party that distributes lega...

Borrower (Mortgagor) - An individual who applies for and receives funds in the form of a loan and is obligated to repay the loan in full under the terms of the loan. Title - The document that gives evidence of ownership of a property. It also indicates the rights of ownership and possession of the property. Refinancing - The process of paying off one loan with the proceeds from a new loan secured by the same property. Escrow Company - A licensed neutral third party that distributes lega...

Borrower (Mortgagor) - An individual who applies for and receives funds in the form of a loan and is obligated to repay the loan in full under the terms of the loan. Title - The document that gives evidence of ownership of a property. It also indicates the rights of ownership and possession of the property. Refinancing - The process of paying off one loan with the proceeds from a new loan secured by the same property. Escrow Company - A licensed neutral third party that distributes lega...

Loan Signing Agent Terms Test Fully Answered Borrower (Mortgagor) - ANSWER An individual who applies for and receives funds in the form of a loan and is obligated to repay the loan in full under the terms of the loan. Title - ANSWER The document that gives evidence of ownership of a property. It also indicates the rights of ownership and possession of the property. Refinancing - ANSWER The process of paying off one loan with the proceeds from a new loan secured by the same property. ...

Borrower (Mortgagor) An individual who applies for and receives funds in the form of a loan and is obligated to repay the loan in full under the terms of the loan. Title The document that gives evidence of ownership of a property. It also indicates the rights of ownership and possession of the property. Refinancing The process of paying off one loan with the proceeds from a new loan secured by the same property. Escrow Company A licensed neutral third party that distri...

Borrower (Mortgagor) An individual who applies for and receives funds in the form of a loan and is obligated to repay the loan in full under the terms of the loan. Title The document that gives evidence of ownership of a property. It also indicates the rights of ownership and possession of the property. 00:25 01:29 Refinancing The process of paying off one loan with the proceeds from a new loan secured by the same property. Escrow Company A licensed neutral third...