Loan Signing Agent-NNA Questions and Answers with complete Solutions | Updated 2024
6 views 0 purchase
Course
Loan Signing
Institution
Loan Signing
Loan Signing Agent-NNA Questions and Answers with complete Solutions | Updated 2024
Before you can notarize ones signature, what are the basic requirements?
The signer must appear before you-no exceptions.
Why is personal appearance important in notarizing?
Are who they say they are, signing ...
Loan Signing Agent-NNA Questions and Answers with
complete Solutions | Updated 2024
Before you can notarize ones signature, what are the basic requirements?
The signer must appear before you-no exceptions.
Why is personal appearance important in notarizing?
Are who they say they are, signing at their free will and know what's happening.
How do you review a document?
Make sure its OK to notarize, Find out what kind of notarization to do, Locate the info for
your journal
How do you screen a signer and verify facts?
They're acting willingly, Aware of what's happening, Identified them properly,
What are the common methods of identification?
Personal Knowledge, Identification documents, credible identifying witnesses.
How do you record the notarization?
Date and time of notarization, type of notarization, Address, Document date, Document
title or type, name of each signer, Method used to identify signer, signature of each
signer, Fees charged and any relevant info.
How do you complete the Notary Certificate?
Fill in the venue, Fill in the body of the certificate, Sign your official notary signature,
Add your official notary seal or the information required by your state.
Who are the four key parties involved in a loan signing?
Lender, NSA, Borrower, Contracting company
Whats the role of an NSA in a mortgage process?
Who are your stakeholders in a signing?
What is a Borrower?
Home or property owner, they initiate the loan by contacting lender and applying for it.
Lender
Finance company ( a bank), approves, and funds a loan and contracts the closing
agent.
What can qualify as a contracting company?
closing agent,
What is a closing agent?
finalizes documents for signing appointment and for closing the loan.
Example of a closing agent
Attorney, Bank, Title Company, Escrow agent, Borrowers, Signing service
What else can a contracting company serve as?
A signing service
Whats a signing service?
Middleman or broker has accounts w/ lenders and title companies to schedule nsa to
have home loan signings
Where does a loan signer fit in the loan package?
Facilitate seller signing appointment and borrower signing appointment and are the face
of a lender.
( Lending) What are service level agreements (SLA)?
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 ACADEMICAIDSTORE. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.49. You're not tied to anything after your purchase.
