Summary Notary Signing Agent Complete Study guide Part 2 (updated Winter )
Notary Signing Agent Complete Study guide Part 2 (updated Winter ) HELOC - Construction Loan - Reverse Mortgage - Things not to mention to borrower due to Fair Housing Act - Questions to ask a contracting company if not provided automatically Things to keep on hand in case of unsolicited assignments - What you should receive soon after accepting assignment Borrower Call Checklist - * My name, why I'm calling * Confirm address and time * What will happen at appointment What to do if name on ID doesn't match loan exactly How long after getting assignment should you call the borrower? Items to check when printing out/reviewing loan package How to prep a loan package Other names for Signing Agent Instructions What are the Critical Documents? What documents may be highlighted What's included in the Closing Document? - What should you check in the Closing Document? - What to watch for on HUD-1 Notice of Right to Cancel - * Truth in Lending Disclosure - What is the difference between APR and interest rate? Note - The most critical document Obligates borrower to repay loan and sets out the terms for doing so Many provisions are the same as HUD- Where can I find the interest rate? - Where can I find where to make payments - Where can I find the payment amount? - Where can I find the APR? - Where can I find out about prepayment? - Where can I find where my first and last payments are due? - Deed of Trust (or Mortgage, but not in WA) - Where can I find info on balloon payments, adjustable rates? What documents are usually notarized? What document should be filled out by you before meeting with the borrower? What should you do with it at the meeting? What documents are commonly referred to as the "Borrower's Disclosures"? - Uniform Residential Loan App Items to take with you - USA Patriot Act Customer ID Verification - IRS Form 4506-T - IRS Form W-9 - What documents are known as the Lender's Disclosures? Servicing Disclosure Statement - HUD/VA Addendum - Borrower's Certification Authorization - Impound Authorization and First Payment Notice - Loan Estimate (LE) - Notice of Assignment - Good Faith Estimate - What documents are considered to be the Lender's Instructions or Closing Instructions? General Closing Instructions - Specific Closing Instructions - Tax Information Sheet - What documents should notaries NOT complete (ever)? What should you do if your loan package includes a Positive Proof of ID and Notary Signature Affidavit? What should you do if your loan package includes a Notary Identification Certification? - What should you do if you are asked to notarize blank Acknowledgement Certificates? - How do you turn a How, When or What question from a borrower into something you can answer? What should you do if the loan documents are sent directly to the borrower? What fees am I paying? Where do I send my check? How much money did I end up borrowing? How long is the loan for?
Escuela, estudio y materia
- Institución
- Northwestern Oklahoma State University
- Grado
- Notary Signing Agent Certification
Información del documento
- Subido en
- 26 de marzo de 2023
- Número de páginas
- 7
- Escrito en
- 2022/2023
- Tipo
- Resumen
Temas
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notary signing agent
-
heloc
-
construction loan
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notary signing agent complete study guide part 2
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