Exam (elaborations)
NOTARY Signing Agent Certification Exam Questions and Answers (latest Update 2024)
- Course
- Institution
NOTARY Signing Agent Certification Exam Questions and Answers (latest Update 2024)
[Show more]
Content preview
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
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 Allivia. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.99. 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
