Loan Signing Agent Bundled Exams Questions and Answers (Certified Solutions)

NOTARY Signing Agent Certification Exam Questions and Answers Already Passed Who are the stakeholders in the loan process? The stakeholders in the loan process are: the borrower, the lender, the contracting company, and the NSA(Notary Signing Agent) Who hires an NSA? An NSA is hired by a contractin...

Loan Signing Notary Questions and Answers Already Passed What is a notary public? A notary public is an official appointed by the county or state after his/her documents and examination results indicate his/her suitability for the job. A notary public has power to: Administer an oath and affirmatio...

Loan Signing System Questions and Answers Already Passed 5 things every borrower wants to know 1. Loan amount 2. Interest rate 3. Term 4. Fixed/Adjustable 5. Prepayment penalty What are the 2 important things in the Deed of Trust? 1. Loan amount. Verify the lien amount is correct. 2. Make sure the ...

Loan Signing Questions and Answers Rated A contingency a clause in an agreement that keeps things from being legally binding unless a condition is met. A typical contingency clause might read like this: "This contract is contingent upon Buyer successfully obtaining a mortgage loan at an interest ra...

Loan Signing Agent-NNA Questions and Answers Already Graded A Before you can notarize ones signature, what are the basic requirements? The signer must appear before you-no exceptions. Why is personal appearance important in notarizing? Are who they say they are, signing at their free will and know ...

Loan Signing Documents (2023/2024) Rated A Borrower's Certification Authorization This document certifies all of the information provided in the loan application is true and complete. Closing Disclosure (CD) Combines and replaces the HUD/Settlement Statement and Truth in Lending (TIL) statement fo...

Loan Signing & Real Estate Definition 100% Correct Borrower (Mortgagor) 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 Title is the document that gives evidence of ownershipof a property. Also indi...

Notary Signing Agent Study Guide Rated A+ A Notary Signing Agent is required to have a background screen when? Every year to maintain industry standards When should the notary signing agent ask if the date and time of the signing appointment has been set and also if there are any additional stipula...

Notary Signing Agent (2023/2024) Already Graded A 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 Mortg...

Signing Notary Test 1 Latest 2023 Graded A 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 an...

Loan Signing Test 5 Questions and Answers 100% Pass The consumer Financial Protection Bureau is responsible for implementing the "TILA- RESPA Integrated Disclosure" (TRID) rule. True What is an Adjustable Rate Mortgage- ARM? A loan that offers a short introductory period with a low, fixed intere...