Loan signing agent test Study guides, Class notes & Summaries

Loan Signing Agent Terms Test Fully Answered Borrower (Mortgagor) - ANSWER 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 - ANSWER The document that gives evidence of ownership of a property. It also indicates the rights of ownership and possession of the property. Refinancing - ANSWER The process of paying off one loan with the proceeds from a new loan secured by the same property. ...

Loan Signing Agent – NNA Test 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 what's happening. How do you review a document? - 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? - They're ...

Loan Signing Agent Test #4 Questions and Answers

Loan Signing Agent – NNA Test | Questions with 100% Correct Answers | Latest Update 2024 | Verified 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 what's happening. How do you review a document? - Make sure its OK to notarize, Find out what kind of notarization to do, Locate the info for your j...

Loa Sig Test #6 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 A Notary Signing Agent has been providing signing services with no incidents 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 Signing Agent The Certified Signing Specialist w...

Loa Sig Test #6 Exam Questions With 100% Correct Answers 2024 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 A Notary Signing Agent has been providing signing services with no incidents 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 Signing Agen...

Loa Sig Test 6 | Questions with 100% Correct Answers | Latest Update 2024 | Verified 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 A Notary Signing Agent has been providing signing services with no incidents for over 10 years without having undergone a background screening. There fore he/she: - Must undergo a background screening in order to become a "Cer...

California Real Estate - State Test Prep Questions and Answers 100% Pass If property is sold while in probate - Correct Answer ️️ -Commission is only controlled by law under two situations. One being the Real Property Loan Law and... Real Property Loan Law - Correct Answer ️️ -Commission is only controlled by law under two situations. One being If property is sold while in probate and... agent of the broker - Correct Answer ️️ -The Broker is the Agent of the seller. The salesp...

Loa Sign Test #4 The Note is the loan agreement, and it outlines the terms of the loan. - True One part of the "TILA- RESPA integrated Disclosure" (TRID) rule that affects signing agents is the: - Closing Disclosure, which consolidates the Truth-in- Lending (TIL) disclosure and the HUD-1 Settlement Statement. Which document replaces the Good Faith Estimate and the "early" Truth in Lending Disclosure. - The Loan Estimate form. The new Closing Disclosure replaces which two docum...

NSA Notary Signing Agent Test Question And Correct Answers A Notary Signing Agent has been providing signing services with no incidents for over 10 years without having undergone a background screening. Therefore he or she: - ANSWER : Must still obtain and pass a background screening A Notary Signing Agent with nearly 10 years experience has reviewed and is completely familiar with all the documents in a loan package. When meeting with the borrower, the Notary Signing Agent may n...