Notary loan agent - Study guides, Class notes & Summaries

NOTARY Signing Agent Certification EXAM QUESTIONS AND CORRECT ANSWERS Who are the stakeholders in the loan process? - ANSWER The stakeholders in the loan process are: the borrower, the lender, the contracting company, and the NSA(Notary Signing Agent) Who hires an NSA? - ANSWER An NSA is hired by a contracting company to provide signing services and oversee the actual loan signing with the borrower. What is a contracting company? - ANSWER A closing company could be: -closing a...

NOTARY Signing Agent Certification EXAM QUESTIONS AND CORRECT ANSWERS Who are the stakeholders in the loan process? - ANSWER The stakeholders in the loan process are: the borrower, the lender, the contracting company, and the NSA(Notary Signing Agent) Who hires an NSA? - ANSWER An NSA is hired by a contracting company to provide signing services and oversee the actual loan signing with the borrower. What is a contracting company? - ANSWER A closing company could be: -closing a...

QUESTIONS TO STUDY FOR NOTARY LOAN SIGNING AGENT. QUESTIONS AND ANSWERS LATEST UPDATE.BEST RATED A+ DOWNLOAD TO PASS.docx

A "Rule" that says an informed buyer will not pay more for one home than a comparable one is - Substitution A borrower pays off his loan. However, the lender refuses to cancel the mortgage. Which of the following clauses of a mortgage has the lender violated? - Defeasance clause (A defeasance clause states that when the loan is paid, the mortgage is void. The bank's failure to cancel the mortgage of record is a violation of this clause. The habendum clause is the "to have and to hold" ...

NSA Notary Signing Agent Exam 2024 Questions Solved 100% 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 now: (A...

Notary Loan Signing Agent Definitions 2024 Exam Questions Marking Scheme 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- 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 th...

Which of the following is most vital or important in planning a subdivision: - ANSWER-Market Analysis When rent is computed on the gross sales of a business occupying real property, the lease is correctly termed: - ANSWER-Percentage Lease What is not an adequate method of transferring property? - ANSWER-Executive Sale What is considered personal property? - ANSWER-Existing Mortgage If an income property is valued at $100,000 based on an 8% capitalization rate, what would be the value...

Notary Loan Signing Agent Terms Exam Questions With Complete Solutions ACKNOWLEDGEMENT - Answers -Formal declaration before a public official that one has signed a document AKA (also known as) - Answers -A person who is also known by other names ALLONGE - Answers -a document used to transfer the interest in a Note from one lender to another. APA (All Purpose Acknowledgment) - Answers -Shows that a notary public has established the identity of the signer(s) and witnessed the signature...

NOTARY Signing Agent Certification Exam 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 contracting company to provide signing services and oversee the actual loan signing with the borrower. What is a contracting company? - A closing company could be: -closing agent -bank -escrow company -attorney -signing ser...

NOTARY Signing Agent Certification Exam Questions with Correct Answers Who are the stakeholders in the loan process? - Correct Answer The stakeholders in the loan process are: the borrower, the lender, the contracting company, and the NSA(Notary Signing Agent) Who hires an NSA? - Correct Answer An NSA is hired by a contracting company to provide signing services and oversee the actual loan signing with the borrower. What is a contracting company? - Correct Answer A closing company could b...