Loan Signing Agent-NNA ( Answered )

Loan Signing Agent-NNA ( Answered ) Before you can notarize ones signature, what are the basic requirements? - ANS The signer must appear before you-no exceptions. Why is personal appearance important in notarizing? - ANS Are who they say they are, signing at their free will and know what's happening. How do you review a document? - ANS 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? - ANS They're acting willingly, Aware of what's happening, Identified them properly, What are the common methods of identification? - ANS Personal Knowledge, Identification documents, credible identifying witnesses. How do you record the notarization? - ANS 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? - ANS 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? - ANS Lender, NSA, Borrower, Contracting company Whats the role of an NSA in a mortgage process? - ANS Who are your stakeholders in a signing? - ANS What is a Borrower? - ANS Home or property owner, they initiate the loan by contacting lender and applying for it. Lender - ANS Finance company ( a bank), approves, and funds a loan and contracts the closing agent. What can qualify as a contracting company? - ANS closing agent, What is a closing agent? - ANS finalizes documents for signing appointment and for closing the loan.