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Notary Signing Agent Questions And Accurate Answers
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Notary Signing Agent Questions And AccurateAnswers 2024-2025
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.
Reverse Mortgage - A loan against the equity in a home that provides the homeowner
with tax-free income to be repaid with interest when the house is sold or when the
homeowner dies. There is no payment as long as the borrower lives in the home.
Things not to ask from borrower due to Fair Housing Act - Answer Gender
Migratory status
Religion
Disability
Culture
Politics
Questions to ask a contracting company if not provided automatically - Answer How
many pages need to be faxed back?
Does this have any special circumstances, such as more than 2 borrowers or multiple
locations of borrowers?
After hours contact info for contract company contact, closing agent, including names,
phone numbers and email addresses
Independent Contractor's Agreement if first time working with this company
, Things to have on hand in case of unsolicited assignments - Answer Copy of Drivers
License
Proof of Notary Commission
Proof of E&O Insurance
Completed W9
Proof of Surety Bond
What you should be receiving shortly after accepting assignment - Answer Confirmation
Form, Assignment Sheet, or Instruction Sheet. Respond in writing (may be via text or
email) AFTER reading and understanding.
Borrower Call Checklist - Answer * My name, why I'm calling
* Confirm address and time
What to expect at appointment Will be signing loan documents, there will be two sets,
one to sign and one to keep Takes 45 minutes - an hour What I need from them
Government issued ID, current, with exact name, current Explain roles and limitations
and may set on a positive note
What if name on ID is not exactly as stated on loan - Response* Does he have another ID
or a good reference that has an ID
How long after being assigned should you call the borrower? - Response Within one
hour
Items to check while printing out/reviewing loan package - Response Do all pages print
out completely? Sometimes get cut off on bottom of page.
Are there barcodes at the bottoms of the pages? Are they on each page?
Do the names and information on the info sheet match the names and info in the loan
package?
All critical documents present and complete?
No inappropriate blank spaces
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