Loan sign notary test 3 - Study guides, Class notes & Summaries

Loa Signing Notary Test 6 (Answered) Loa Signing Notary Test 6 1. A notary Signing Agent is asked to describe several of the loan terms at a signing appointment. The Notary Signing Agent may:: Provide only a general description of the loan terms 2. A Notary Signing Agent has been providing signing services with no inci- dents for over 10 years without having undergone a background screening. There fore he/she:: Must undergo a background screening in order to become a "Certified" Notary Si...

Escrow Transfer Account This form must be signed by the borrower if the lender has an escrow account. This document instructs the previous lender to send any funds remaining in the escrow account to the new lender when the mortgage is paid off. Mortgagors (Occupancy ) Affidavit This document will need to be signed and notarized. This document states whether or not the borrower intends to occupy the property as a primary residence. This document determines if a property is locat...

Loa Signing Notary Test 1 1. Why do some Mortgages Signing Agencies require Mortgage Signing Agents to submit a Live Scan Fingerprint Background check each year.: - Lender need to make sure that consumers and their financial information which is entrusted to Notaries remains protected and secure. Lenders are ultimately responsible for the conduct of any third-party service providers, making it critically important to verify that the people lenders send to borrowers' home are trustworthy...