Exam (elaborations)
Notary Signing Agent Exam Questions And Accurate Answers
- Course
- Institution
Notary Signing Agent Exam Questions And Accurate Answers ...
[Show more]
Content preview
Notary Signing Agent Exam Questions And AccurateAnswers 2024-2025
Borrower's Certification Authorization - Answer This document certifies all of the
information provided the loan application is true and complete
Closing Disclosure - Answer (Combines and replaces the HUD/Settlement Statement
and Truth in Lending (TIL) statement for most loans applied for beginning October 3,
2015 )The Closing Disclosure itemizes all closing costs. Page 1 includes loan amount,
interest rate, projected monthly payments, closing costs and cash to close. The rest of
the pages are devoted to the details of closing cost, payoffs and payments, cash to
close calculations, disclosures, loan calculations, and contact information. Note: This
form should have been provided by the lender to the borrower prior to the closing.
Errors & Omissions (E&O) and Compliance Agreement - Answer This states that if there
are any typographical or clerical errors on the closing documents, the borrower would
agree to sign any documents that had to be corrected.
Flood Hazard Notice - Answer This indicates whether or not the property is in an area
designated as a flood zone area.
Form 4506-T Request for Transcript of Tax Return - Answer This form gives permission
to the lender to pull transcripts on tax returns.
GFE/Good Faith Estimate - Answer replaced by the Loan Estimate for most loans applied
for beginning October 3, 2015 The Good Faith Estimate is an estimate of all closing fees
including pre-paid and escrow items as well as lender charges. The bottom portion of
Page 3 reflects the loan terms. The amount borrowed, rate, term, principal and interest
payment, and total payment appear on the bottom. (If the borrower has questions
related to these amounts, direct the borrower to the lender.)
HUD/Settlement Statement - Answer The HUD/Settlement Statement itemizes all closing
costs; on pages 1 and 2 items that appear on this statement include real estate
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Easton. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $11.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
79373 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now