Notary Loan Signing
University Of Phoenix
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Notary Loan Signing Agent Definitions: Updated Guide Solution
- Exam (elaborations) • 32 pages • 2024
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Borrower (Mortgagor)
(Ans- An individual who applies for and receives funds in the form of a loan and is obligated to repay the loan in full under the terms of the loan.
Title
(Ans- Document that gives evidence of ownership of a property. Also indicates the rights of ownership and possession of the property. Individuals who will have legal ownership in the property are considered "on title" and will sign the mortgage and other documentation
Refinancing
(Ans- The process of paying ...
Exam (elaborations)
Notary Loan Signing Agent Definitions: Updated Guide Solution
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ago
Borrower (Mortgagor) (Ans- An individual who applies for and receives funds in the form of a loan and is obligated to repay the loan in full under the terms of the loan. Title (Ans- Document that gives evidence of ownership of a property. Also indicates the rights of ownership and possession of the property. Individuals who will have legal ownership in the property are considered "on title" and will sign the mortgage and other documentation Refinancing (Ans- The process of paying ...
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