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Signing Notary Test #1 2024 Questions Solved 100%
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SIGNING NOTARY TEST #1Signing Notary Test #1 2024
Questions Solved 100%
Which of the following types of companies employ Notary Signing Agents?
(Answer: - Mortgages Companies
Title Companies
Signing Companies
Why does the lender need the IRS Form W-9?
(Answer: - To verify the borrower's taxpayer ID number
New Notary Signing Agents generally work for Signing Agencies / Companies
(Answer: - Because, they do not have any solid experience and also do not have
reputation in the field yet. Because , Mortgage and Title companies usually only deal
with experience and knowledgeable notaries who have a reputation for
dependability and a high level of knowledge in the industry. Because, unless they
personally know someone in the Mortgage/ Title industry, it is extremely difficult to
get assignments. Approaching Mortgage and Title companies at this stage could
risk ruining their reputation in the industry when errors occur.
The National Notary Association is a private company
(Answer: - True
When Signing Agents receive documents electronically:
(Answer: - The Signing Agent is responsible for printing out Two sets of copies so
one set can be left with the borrower(s). The company normally pays the Signing
Agent an additional fee for this service.
Once the documents are signed and notarized, the company will provide the
Signing Agent with their procedure for mailing the documents back to them.
Most companies provide the Signing Agent with their UPS account number so they
will be charged for the postage when the documents are received. Others may have
alternative methods. But under no circumstance should the Signing Agent be
, SIGNING NOTARY TEST #1
responsible for paying the overnight postage to return mortgage documents to the
lender.
SPW is the abbreviation for?
(Answer: - Signing Professionals Work-group
Which of the following documents does the borrower sign as a compromise to
cooperate with the lender in adjusting loan documents for clerical errors after the
loan closes?
(Answer: - Errors and Omissions Compliance Agreement
The Document Signer name on the document reads John Williams, the identification
document can read:
(Answer: - John P. Williams
John Williams
John Paul Williams
Every set of mortgage documents:
(Answer: - Could be between 50 to 300 pages.
The number of pages will vary because every loan is unique and different.
Will always have a new form showing up from time to time that the Mortgage
Signing Agent may not be familiar with
All signing Agents must become Certified by the National Notary Association (NNA)
to work as a Notary Signing Agent?
(Answer: - False
The document in which a borrower acknowledges that all information provided in
the loan application is true and correct is:
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