Loan signing agent - Study guides, Class notes & Summaries

Notary Loan Signing Agent Terms 2024 Exams With Answers 100% Verified ACKNOWLEDGEMENT - ANSWER- Formal declaration before a public official that one has signed a document AKA (also known as) - ANSWER- A person who is also known by other names ALLONGE - ANSWER- a document used to transfer the interest in a Note from one lender to another. APA (All Purpose Acknowledgment) - ANSWER- Shows that a notary public has established the identity of the signer(s) and witnessed the signature of a...

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

what 2 things does every borrower want to know? - 1. how much will this loan cost me 2. how much will my monthly payment be what is the correct order of the documents you show to the borrower first? - 1. closing statement 2. note 3. payment letter what is the job of the loan signing agent? - guiding borrower through closing documents give NO opinions how should borrower sign - sign as their name appears for example, use middle initial if it's part of name how can you figure out ter...

Notary Loan Signing Agent Terms Exam Questions and Answers

Notary Loan Signing Agent Terms Exam Questions and Answers

Borrower (Mortgagor) -collect 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 -collect answer The document that gives evidence of ownership of a property. It also indicates the rights of ownership and possession of the property. Refinancing -collect answer The process of paying off one loan with the proceeds from a new loan secured by the same

Notary Loan Signing Agent Terms

LOAN SIGNING AGENT-NNA

Loan Signing Agent-NNA Verified 100% Correct Before you can notarize ones signature, what are the basic requirements? - Answer ️️ -The signer must appear before you-no exceptions. Why is personal appearance important in notarizing? - Answer ️️ -Are who they say they are, signing at their free will and know what's happening. How do you review a document? - Answer ️️ -Make sure its OK to notarize, Find out what kind of notarization to do, Locate the info for your journal How do...

Loan Signing Agent Exam Already Passed 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 sam...