Loan Signing Agent-NNA
( Lending) What are service level agreements (SLA)? - ANS-Part of a service contract between
a lender and a contracting company
Before you can notarize ones signature, what are the basic requirements? - ANS-The signer
must appear before you-no exceptions.
Example of a closing agent - ANS-Attorney, Bank, Title Company, Escrow agent, Borrowers,
Signing service
How do u deal with relatives/friends - ANS-Cant have impartiality, refer them to someone else
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.
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 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,
In turn what do signing agents do? - ANS-Deliver loan packages to borrowers, making sure it is
signed and returned to the lender.
Lender - ANS-Finance company ( a bank), approves, and funds a loan and contracts the closing
agent.
Notary and Federal Laws and Regulations
Fair and Accurate Credit and Transaction Act (FACTA) - ANS-
Notary and Federal Laws and Regulations
Gramm-Leach Bailey Act (GLBA) - ANS-
Notary and Federal Laws and Regulations
Real- Estate Settlement Procedures Act (RESPA) - ANS-
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