NOTARY Signing Agent Certification Test 1-6 with complete solutions;100% verified

The Note is the loan agreement, and it outlines the terms of the loan. correct answers True One part of the "TILA- RESPA integrated Disclosure" (TRID) rule that affects signing agents is the: correct answers Closing Disclosure, which consolidates the Truth-in- Lending (TIL) disclosure and the H...

Who are the stakeholders in the loan process? correct answers The stakeholders in the loan process are: the borrower, the lender, the contracting company, and the NSA(Notary Signing Agent) Who hires an NSA? correct answers An NSA is hired by a contracting company to provide signing services and o...

Why do some Mortgages Signing Agencies require Mortgage Signing Agents to submit a Live Scan Fingerprint Background check each year. correct answers Lender need to make sure that consumers and their financial information which is entrusted to Notaries remains protected and secure. Lenders are ult...

Escrow Transfer Account correct answers This form must be signed by the borrower if the lender has an escrow account. This document instructs the previous lender to send any funds remaining in the escrow account to the new lender when the mortgage is paid off. Mortgagors (Occupancy ) Affidavit...

The consumer Financial Protection Bureau is responsible for implementing the "TILA- RESPA Integrated Disclosure" (TRID) rule. correct answers True What is an Adjustable Rate Mortgage- ARM? correct answers A loan that offers a short introductory period with a low, fixed interest rate. After that...