Package deal
NOTARY SIGNING AGENT EXAM PACK 2023|GRADED A|GUARANTEED SUCCESS
NOTARY SIGNING AGENT EXAM PACK 2023|GRADED A|GUARANTEED SUCCESS
[Show more]NOTARY SIGNING AGENT EXAM PACK 2023|GRADED A|GUARANTEED SUCCESS
[Show more]Who are the stakeholders in the loan process? 
The stakeholders in the loan process are: the borrower, the lender, the contracting company, and the NSA(Notary Signing Agent) 
 
 
 
Who hires an NSA? 
An NSA is hired by a contracting company to provide signing services and oversee the actual loan sig...
Preview 3 out of 28 pages
Add to cartWho are the stakeholders in the loan process? 
The stakeholders in the loan process are: the borrower, the lender, the contracting company, and the NSA(Notary Signing Agent) 
 
 
 
Who hires an NSA? 
An NSA is hired by a contracting company to provide signing services and oversee the actual loan sig...
Why do some Mortgages Signing Agencies require Mortgage Signing Agents to submit a Live Scan Fingerprint Background check each year. 
Lender need to make sure that consumers and their financial information which is entrusted to Notaries remains protected and secure. 
 
Lenders are ultimately respons...
Preview 2 out of 13 pages
Add to cartWhy do some Mortgages Signing Agencies require Mortgage Signing Agents to submit a Live Scan Fingerprint Background check each year. 
Lender need to make sure that consumers and their financial information which is entrusted to Notaries remains protected and secure. 
 
Lenders are ultimately respons...
HELOC 
Home Equity Line of Credit 
 
 
 
Construction Loan 
A short-term, interim loan for financing the cost of construction. The lender makes payments to the builder at periodic intervals as the work progresses or is converted to a mortgage. 
 
 
 
 
 
 
00:03 
 
01:11 
Reverse Mortgage 
A loan ba...
Preview 3 out of 27 pages
Add to cartHELOC 
Home Equity Line of Credit 
 
 
 
Construction Loan 
A short-term, interim loan for financing the cost of construction. The lender makes payments to the builder at periodic intervals as the work progresses or is converted to a mortgage. 
 
 
 
 
 
 
00:03 
 
01:11 
Reverse Mortgage 
A loan ba...
Notary Signing Agent 
A notary who specifically trained to handle and notarized loan documents; plays a critical role in many mortgage transactions nationwide 
 
 
 
The Five Requirements 
The created five standards required of all NNA NSA candidates: 
1. Signing and adhering today the notary signin...
Preview 2 out of 11 pages
Add to cartNotary Signing Agent 
A notary who specifically trained to handle and notarized loan documents; plays a critical role in many mortgage transactions nationwide 
 
 
 
The Five Requirements 
The created five standards required of all NNA NSA candidates: 
1. Signing and adhering today the notary signin...
A Notary Signing Agent has been providing signing services with no incidents for over 10 years without having undergone a background screening. Therefore he or she: 
Must still obtain and pass a background screening 
 
 
 
A Notary Signing Agent with nearly 10 years experience has reviewed and is co...
Preview 3 out of 17 pages
Add to cartA Notary Signing Agent has been providing signing services with no incidents for over 10 years without having undergone a background screening. Therefore he or she: 
Must still obtain and pass a background screening 
 
 
 
A Notary Signing Agent with nearly 10 years experience has reviewed and is co...
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. 
 
 
 
 
 
 
00:20 
 
01:11 
How do...
Preview 2 out of 10 pages
Add to cartBefore 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. 
 
 
 
 
 
 
00:20 
 
01:11 
How do...
Borrower (Mortgagor) 
An individual who applies for and receives funds in the form of a loan and is obligated to repay the loan in full under the terms of the loan. 
 
 
 
Title 
The document that gives evidence of ownership of a property. It also indicates the rights of ownership and possession of ...
Preview 2 out of 9 pages
Add to cartBorrower (Mortgagor) 
An individual who applies for and receives funds in the form of a loan and is obligated to repay the loan in full under the terms of the loan. 
 
 
 
Title 
The document that gives evidence of ownership of a property. It also indicates the rights of ownership and possession of ...
GUIDING PRINCIPLE 1: QUALIFICATIONS 
The Notary Signing Agent will satisfactorily meet and maintain all qualifications necessary to 
perform signing services 
 
 
 
GUIDING PRINCIPLE 2: NOTARIZATION 
The Notary Signing Agent will follow all laws, rules and best practices that apply to the notarizing...
Preview 2 out of 12 pages
Add to cartGUIDING PRINCIPLE 1: QUALIFICATIONS 
The Notary Signing Agent will satisfactorily meet and maintain all qualifications necessary to 
perform signing services 
 
 
 
GUIDING PRINCIPLE 2: NOTARIZATION 
The Notary Signing Agent will follow all laws, rules and best practices that apply to the notarizing...
acknowledgement 
notarial act where the signer admits to notary that he signed doc, that he understands the contents of the doc; and that he is aware of the consequences of executing the doc by signing it. 
 
signer indicates that he signed of his own free will. 
 
taken from signers of documents su...
Preview 3 out of 22 pages
Add to cartacknowledgement 
notarial act where the signer admits to notary that he signed doc, that he understands the contents of the doc; and that he is aware of the consequences of executing the doc by signing it. 
 
signer indicates that he signed of his own free will. 
 
taken from signers of documents su...
Borrower's Certification Authorization 
This document certifies all of the information provided in the loan application is true and complete. 
 
 
 
Compliance Agreement 
This states that if there are any typographical or clerical errors on the closing documents, the borrower would agree to sign an...
Preview 2 out of 11 pages
Add to cartBorrower's Certification Authorization 
This document certifies all of the information provided in the loan application is true and complete. 
 
 
 
Compliance Agreement 
This states that if there are any typographical or clerical errors on the closing documents, the borrower would agree to sign an...
A notary Signing Agent is asked to describe several of the loan terms at a signing appointment. The Notary Signing Agent may: 
Provide only a general description of the loan terms 
 
 
 
A Notary Signing Agent has been providing signing services with no incidents for over 10 years without having und...
Preview 2 out of 14 pages
Add to cartA notary Signing Agent is asked to describe several of the loan terms at a signing appointment. The Notary Signing Agent may: 
Provide only a general description of the loan terms 
 
 
 
A Notary Signing Agent has been providing signing services with no incidents for over 10 years without having und...
When would the Right of Rescission period end if refinance documents for a borrower's primary residence were signed on Thursday, October 25th at 8pm? 
Monday October 29th at midnight 
 
 
 
Which document(s) specify the interest rate being charged for a loan? 
Note 
 
 
 
 
 
 
00:36 
 
01:11 
Whic...
Preview 3 out of 29 pages
Add to cartWhen would the Right of Rescission period end if refinance documents for a borrower's primary residence were signed on Thursday, October 25th at 8pm? 
Monday October 29th at midnight 
 
 
 
Which document(s) specify the interest rate being charged for a loan? 
Note 
 
 
 
 
 
 
00:36 
 
01:11 
Whic...
what 2 things does every borrower want to know? 
1. how much will this loan cost me 
2. how much will my monthly payment be 
 
 
 
what is the correct order of the documents you show to the borrower first? 
1. closing statement 
2. note 
3. payment letter 
 
 
 
 
 
 
00:32 
 
01:11 
what is the job...
Preview 4 out of 35 pages
Add to cartwhat 2 things does every borrower want to know? 
1. how much will this loan cost me 
2. how much will my monthly payment be 
 
 
 
what is the correct order of the documents you show to the borrower first? 
1. closing statement 
2. note 
3. payment letter 
 
 
 
 
 
 
00:32 
 
01:11 
what is the job...
A Notary Signing Agent is required to have a background screen when? 
Every year to maintain industry standards 
 
 
 
When should the notary signing agent ask if the date and time of the signing appointment has been set and also if there are any additional stipulations needed to complete this closi...
Preview 2 out of 12 pages
Add to cartA Notary Signing Agent is required to have a background screen when? 
Every year to maintain industry standards 
 
 
 
When should the notary signing agent ask if the date and time of the signing appointment has been set and also if there are any additional stipulations needed to complete this closi...
A Notary Signing Agent is required to have a background screen when? 
Every year to maintain industry standards 
 
 
 
When should the notary signing agent ask if the date and time of the signing appointment has been set and also if there are any additional stipulations needed to complete this closi...
Preview 2 out of 12 pages
Add to cartA Notary Signing Agent is required to have a background screen when? 
Every year to maintain industry standards 
 
 
 
When should the notary signing agent ask if the date and time of the signing appointment has been set and also if there are any additional stipulations needed to complete this closi...
ACKNOWLEDGEMENT 
Formal declaration before a public official that one has signed a document 
 
 
 
AKA (also known as) 
A person who is also known by other names 
 
 
 
 
 
 
00:32 
 
01:11 
ALLONGE 
a document used to transfer the interest in a Note from one lender to another. 
 
 
 
APA (All Purpo...
Preview 4 out of 34 pages
Add to cartACKNOWLEDGEMENT 
Formal declaration before a public official that one has signed a document 
 
 
 
AKA (also known as) 
A person who is also known by other names 
 
 
 
 
 
 
00:32 
 
01:11 
ALLONGE 
a document used to transfer the interest in a Note from one lender to another. 
 
 
 
APA (All Purpo...
Notary Signing Agent Procedures|2023 LATEST UPDATE|GUARANTEED SUCCESS
Preview 3 out of 22 pages
Add to cartNotary Signing Agent Procedures|2023 LATEST UPDATE|GUARANTEED SUCCESS
The Note is the loan agreement, and it outlines the terms of the loan. 
True 
 
 
 
One part of the "TILA- RESPA integrated Disclosure" (TRID) rule that affects signing agents is the: 
Closing Disclosure, which consolidates the Truth-in- Lending (TIL) disclosure and the HUD-1 Settlement Statement....
Preview 2 out of 13 pages
Add to cartThe Note is the loan agreement, and it outlines the terms of the loan. 
True 
 
 
 
One part of the "TILA- RESPA integrated Disclosure" (TRID) rule that affects signing agents is the: 
Closing Disclosure, which consolidates the Truth-in- Lending (TIL) disclosure and the HUD-1 Settlement Statement....
Escrow Transfer Account 
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 
This docu...
Preview 2 out of 13 pages
Add to cartEscrow Transfer Account 
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 
This docu...
When would the Right of Rescission period end if refinance documents for a borrower's primary residence were signed on Thursday, October 25th at 8pm? 
Monday October 29th at midnight 
 
 
 
Which document(s) specify the interest rate being charged for a loan? 
Note 
 
 
 
 
 
 
00:06 
 
01:11 
Whic...
Preview 1 out of 4 pages
Add to cartWhen would the Right of Rescission period end if refinance documents for a borrower's primary residence were signed on Thursday, October 25th at 8pm? 
Monday October 29th at midnight 
 
 
 
Which document(s) specify the interest rate being charged for a loan? 
Note 
 
 
 
 
 
 
00:06 
 
01:11 
Whic...
What is a notary public? 
A notary public is an official appointed by the county or state after his/her documents and examination results indicate his/her suitability for the job. 
 
 
 
A notary public has power to: 
Administer an oath and affirmations and take depositions and affidavits; 
Certify ...
Preview 4 out of 91 pages
Add to cartWhat is a notary public? 
A notary public is an official appointed by the county or state after his/her documents and examination results indicate his/her suitability for the job. 
 
 
 
A notary public has power to: 
Administer an oath and affirmations and take depositions and affidavits; 
Certify ...
Close Relative 
The Notary Signing agents spouse, domestic partner, parent, granapretn, sibling, child, stepchild, step sibling, stepparent, step grandparents, step-grandchild or inlaw 
 
 
 
Closing 
consummation of a transaction involving the purchase, sale or finking of real property 
 
 
 
 
 
 ...
Preview 2 out of 8 pages
Add to cartClose Relative 
The Notary Signing agents spouse, domestic partner, parent, granapretn, sibling, child, stepchild, step sibling, stepparent, step grandparents, step-grandchild or inlaw 
 
 
 
Closing 
consummation of a transaction involving the purchase, sale or finking of real property 
 
 
 
 
 
 ...
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
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!
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
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.
Stuvia is a marketplace, so you are not buying this document from us, but from seller GUARANTEEDSUCCESS. Stuvia facilitates payment to the seller.
No, you only buy these notes for $56.49. You're not tied to anything after your purchase.
4.6 stars on Google & Trustpilot (+1000 reviews)
81113 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now