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NOTARY Signing Agent Certification Exam _ FINAL EXAM WITH CORRECT ANSWERS!!.pdf
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8/24/24, 2:52 AMNOTARY Signing Agent Certification Exam
Jeremiah
Practice questions for this set
Terms in this set (54)
Who are the stakeholders in the loan The stakeholders in the loan process are: the borrower, the lender, the contracting
process? company, and the NSA(Notary Signing Agent)
An NSA is hired by a contracting company to provide signing services and oversee the
Who hires an NSA?
actual loan signing with the borrower.
A closing company could be:
-closing agent
-bank
What is a contracting company? -escrow company
-attorney
-signing service
-borrower's
-Refinance
-Purchase and sale
What types of transactions does a Signing -HELOC
Agent handle? -Construction
-Commercial
-Reverse Mortgage
You can:
-Print Loan documents
-Oversee the signing
-Notarize the appropriate documents
-Return the documents
What are some Signing Agent DO's and
DONT's?
You can't:
-Process loans
-Conduct a settlement
-Prepare documents
-Offer am opinion or legal advice to the borrowers
-refusing to perform signing or providing inferior services based on clients race, color,
national origin, religion, gender, sexual orientation, disability, family or migratory status
What are some examples of discriminatory
-making unprofessional and insensitive remarks about the clients culture, level of
or unfair practices?
education or lifestyle
-Prompting the perception of unwelcome advances or a lewd act
You may be the first or the only person the borrower meets. Although you are involved
Where does the NSA fit in the loan process?
in only one step, the whole loan process hinges on how well you do your job.
Key responsibilities:
-Travel to the borrower
-Oversee the Signing
What are the key responsibilities of a Signing
-Collect stipulations and notarize applicable documents
Agent?
-Ensure that the documents are signed, dated or initialed properly
-Review all the documents
-Return the documents to the contracting company.
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How does a Signing Agent's performance Your poor performance can negatively affect the payment to the contracting company
affect the SLA(Service Level Agreement)?
You can:
-Be positive and Confident
How can a Signing Agent provide superior
-Be Prompt
customer service
-Be accurate
-Be dependable
Brokered assignments
-contracted with a signing service
-need not market yourself
-steady stream of work
-Pays flat rate
What Is the difference between brokered -Will work with less experienced notary signing agent's
and direct assignments?
Direct assignments
-contracted directly with lenders, escrow agents, etc.
-rate may be negotiated
-Quick payment
-only work with experienced notary signing agent's
How can you maintain your professionalism -manage your home environment on a call
in different environments? -act professionally: phone, email and texting
-receive documents via email or access contracting
What do I do if the documents are in
-print documents on laser printer
electronica format?
-erase documents from your hard drive when the appointment is finished
1) look for a specific lender instructions
What basic steps are involved in prepping 2) Use the prep sheet to organize the packet into note the stacking order
the documents for the signing appointment? 3) Check in flag the documents
4) Compile a list of questions for the contracting company, if necessary
-Who to call with questions during the signing
-what you should collect from the borrowers
What information should you look for in the
-Number of copies to print
lender instructions?
-ink color of the pen
-Special initial or signature instructions
-Place a sticky note at the beginning of each document
-Maintain the stacking order
How do you check and flag documents? -Place the closing disclosure or HUD-1 on top
-Look through every page in the packet and place a sticker for each
signature/initial/date
-Closing Disclosure
-HUD-1 Settlement Statement
-Truth in lending Disclosure
Where are the critical documents?
-Deed of Trust
-Note
-Notice of right to cancel
-occupancy affidavit
Where are the common documents most -signature/affidavit
likely to be notarized? -Compliance Agreement
-limited power of attorney
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