Question

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, notary signing agent may now

Answer 1

Question:

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) Present and state the general purpose of each document and how it must be signed.

B) Advise the borrower how a specific document might affect their future contract.

C) Skip past certain documents that have little or no bearing on the assignment to ensure they don’t overwhelm the borrower.

D) Rearrange the documents into an order that best suits that specific assignment.

Answer:

The correct answer is A

Explanation:

A Notary Signing Agent (NSA) is one who facilitates loan closings. Such loan closings may or may not be in the mortgage industry.

Some applicants are very saavy about the loan application proceess. Regardless it's still imporant to take them through the relevance of the documents and how they ought to be signed. This is because, rules and industry regulations change from time to time.

Cheers!

Answer 2

Answer:

State the name and purpose of the Loan documents

Explanation:

A Notary signing agent can be seen as an agent which is been hired to act as an independent contractor in order to ensure that the loan documents of a real estate are been executed by the borrower and as well returned for processing on time. Therefore the ability to complete the critical part of the loan process enables the loan to be funded easily.

Therefore when meeting with the borrower, notary signing agent may now State the name and purpose of the Loan documents.