Signing Agent Certification Exam Test (Questions And Answers) Updated

Who are the stakeholders in the loan process? {Ans: } The stakeholders in the loan process are: the borrower, the lender, the contracting company, and the NSA(Notary Signing Agent)Who hires an NSA? {Ans: } 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? {Ans: } A closing company could be: -closing agent -bank -escrow company -attorney -signing service -borrower'sWhat types of transactions does a Signing Agent handle? {Ans: } -Refinance -Purchase and sale -HELOC -Construction -Commercial -Reverse MortgageWhat are some Signing Agent DO's and DONT's? {Ans: } You can: -Print Loan documents -Oversee the signing -Notarize the appropriate documents -Return the documents You can't: -Process loans -Conduct a settlement -Prepare documents -Offer am opinion or legal advice to the borrowersWhat are some examples of discriminatory or unfair practices? {Ans: } -refusing to perform signing or providing inferior services based on clients race, color, national origin, religion, gender, sexual orientation, disability, family or migratory status -making unprofessional and insensitive remarks about the clients culture, level of education or lifestyle -Prompting the perception of unwelcome advances or a lewd actWhere does the NSA fit in the