1. Who are the stakeholders in the loan process? The stakeholders in the loan process are: the borrower, the lender, the contracting compa- ny, and the NSA(Notary Signing Agent) 2. Who hires an NSA? An NSA is hired by a contracting company to provide signing services and oversee the actual loan ...
1. Who are the stakeholders in the loan process? The stakeholders in the
loan process are:
the borrower, the
lender, the
contracting compa-
ny, and the
NSA(Notary Signing
Agent)
2. Who hires an NSA? An NSA is hired by a
contracting company
to provide signing
services and oversee
the actual loan
signing with the bor-
rower.
3. What is a contracting company? A closing company
could be:
-closing agent
-bank
-escrow company
-attorney
-signing service
-borrower's
4. What types of transactions does a Signing -Refinance
Agent handle? -Purchase and sale
-HELOC
-Construction
-Commercial
-Reverse Mortgage
5. What are some Signing Agent DO's and You can:
DONT's? -Print Loan documents
-Oversee the signing
-Notarize the
appropriate
1/
, NOTARY Signing Agent Certification
Exam
documents
-Return the documents
You can't:
-Process loans
2/
, NOTARY Signing Agent Certification
Exam
-Conduct a settlement
-Prepare documents
-Offer am opinion or
legal advice to the
borrowers
6. What are some examples of discriminatory or
unfair practices? -refusing to perform
sign- ing or providing
inferi-
or services based
on clients race,
color, na- tional
origin, religion,
gender, sexual
orienta- tion,
disability, family or
migratory status
-making
unprofessional and
insensitive remarks
about the clients cul-
ture, level of
education or lifestyle
-Prompting the
percep- tion of
unwelcome ad-
vances or a lewd
act
7. Where does the NSA fit in the loan process? You may be the first or
the only person the
bor- rower meets.
Although you are
involved in only one
step, the whole loan
process hinges on
how well you do your
job.
3/
, NOTARY Signing Agent Certification
Exam
8. What are the key responsibilities of a Key responsibilities:
Signing Agent? -Travel to the borrower
-Oversee the Signing
-Collect stipulations
and notarize
applicable docu-
ments
-Ensure that the
docu- ments are
signed, dated or
initialed properly
4/
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