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NOTARY Signing Agent Certification Exam Questions and Answers (latest Update 2024)
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NOTARY Signing Agent Certification Exam Questions and Answers (latest Update 2024)
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NOTARY Signing Agent Certification Exam Questions and Answers (latest Update 2024)Who are the stakeholders in the loan process? - Correct Answer ✅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 Answer ✅An NSA is hired by a contracting company to provide signing services and oversee the actual loan signing with the borrower.
What is a contracting company? - Correct Answer ✅A closing company could be: -closing agent
-bank
-escrow company
-attorney
-signing service
-borrower's
What types of transactions does a Signing Agent handle? - Correct Answer ✅-Refinance NOTARY Signing Agent Certification Exam Questions and Answers (latest Update 2024)
-Purchase and sale
-HELOC
-Construction
-Commercial -Reverse Mortgage
What are some Signing Agent DO's and DONT's? - Correct Answer ✅You can:
-Print Loan documents
-Oversee the signing -Notarize the appropriate documents
-Return the documents
You can't:
-Process loans
-Conduct a settlement
-Prepare documents
-Offer am opinion or legal advice to the borrowers NOTARY Signing Agent Certification Exam Questions and Answers (latest Update 2024)
What are some examples of discriminatory or unfair practices? - Correct Answer ✅-refusing to perform signing or providing inferior services based on clients race, color, national origin, religion, gender, sexual orientation, disability, family or migratory status
-making unprofessional and insensitive remarks about the clients culture, level of education or lifestyle
-Prompting the perception of unwelcome advances or a lewd act
Where does the NSA fit in the loan process? - Correct Answer ✅You may be the first or the only person the borrower meets. Although you are involved in only one step, the whole loan process hinges on how well you do your job.
What are the key responsibilities of a Signing Agent? - Correct Answer ✅Key responsibilities:
-Travel to the borrower
-Oversee the Signing
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