Loan signing system - Study guides, Class notes & Summaries

Notary - Loan Signing System Exam

Loan Signing System Definitions Exam Questions With Answers...

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 vesting is correct. (Who owns the property? Verify there are no typos.) What is the most common thing LSAs forget to do on a loan document/application? Borrower's signature at the top of the first p...

Loan Signing System Definitions-Detailed 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 the mortgage and other documentatio...

Loan Signing System Flashcards 2024 Already Solved 5 things every borrower wants to know - Answer ️️ -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? - Answer ️️ -1. Loan amount. Verify the lien amount is correct. 2. Make sure the vesting is correct. (Who owns the property? Verify there are no typos.) What is the most common thing LSAs forget to do on a loan document/application? - Answer ️...

RECA Fundamentals Exam Questions and Answers Already Passed Which of the following is NOT a RECA educational resource for industry professionals? Spatial Information System (Spin 2) Which entity has the authority to amend the Real Estate Act Provincial Legislature Which of the following measures the change in a cost of a fixed basket of goods and services purchased by families over a period of time Consumer Price Index (CPI) Which of the following will occur to the supply of a good when ther...

Loan Signing System Flashcards Answered Correctly!!

Loan Signing System Flashcards With Verified Answers 5 things every borrower wants to know - ANS 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? - ANS 1. Loan amount. Verify the lien amount is correct. 2. Make sure the vesting is correct. (Who owns the property? Verify there are no typos.) What is the most common thing LSAs forget to do on a loan document/application? - ANS Borrower's...