Notary Signing Agent Certification Exam 2024/2025 Questions Solved 100% Correct, Exams of Public Law

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Notary Signing Agent Certification Exam

2024/2025 Questions Solved 100% Correct

How Can You Maintain Your Professionalism In Different Environments? [Correct Ans: - - Manage Your Home Environment On A Call

• Act Professionally: Phone, Email And Texting What Do I Do If The Documents Are In Electronica Format? [Correct Ans: - - Receive Documents Via Email Or Access Contracting
• Print Documents On Laser Printer
• Erase Documents From Your Hard Drive When The Appointment Is Finished What Basic Steps Are Involved In Prepping The Documents For The Signing Appointment? [Correct Ans: - 1) Look For A Specific Lender Instructions 2)Use The Prep Sheet To Organize The Packet Into Note The Stacking Order 3)Check In Flag The Documents 4)Compile A List Of Questions For The Contracting Company, If Necessary What Information Should You Look For In The Lender Instructions? [Correct Ans: - - Who To Call With Questions During The Signing
• What You Should Collect From The Borrowers
• Number Of Copies To Print
• Ink Color Of The Pen
• Special Initial Or Signature Instructions How Do You Check And Flag Documents? [Correct Ans: - - Place A Sticky Note At The Beginning Of Each Document
• Maintain The Stacking Order
• Place The Closing Disclosure Or Hud-1 On Top
• Look Through Every Page In The Packet And Place A Sticker For Each Signature/Initial/Date

Where Are The Critical Documents? [Correct Ans: - - Closing Disclosure

• Hud-1 Settlement Statement
• Truth In Lending Disclosure
• Deed Of Trust
• Note
• Notice Of Right To Cancel Where Are The Common Documents Most Likely To Be Notarized? [Correct Ans: - - Occupancy Affidavit
• Signature/Affidavit
• Compliance Agreement
• Limited Power Of Attorney Occupancy Affidavit [Correct Ans: - The Occupancy Affidavit Is For The Borrower To Swear That They Will Be Living In The Property They Are Borrowing For Rather Than Leasing The Property To A Third Party. ... The Occupancy Affidavit Is One Of The Documents In The Loan Package That Is Always Notarized With A Jurat. Signature Affidavit [Correct Ans: - Signature Affidavit Is A Document In Which A Person Certifies That The Signature Provided Is The True And Correct Signature. Name Affidavit Is A Document In Which A Person Certifies All The Names That Have Been Used By The Person. Sometimes The Two Documents Are Combined Into One. Compliance Agreement [Correct Ans: - This Document Is Similar To The Correction Agreement Limited Power Of Attorney As It Serves As An Attempt To Find A Way To Ensure That Small Clerical Errors Can Be Quickly Fixed. The Compliance Agreement Has The Borrower Agree To Cooperate Should There Be Any Changes To Any Loan Documents Due To Clerical Errors. There Would Not Be Any Changes To The Terms Of The Loan Though. Definition Of Limited Power Of Attorney [Correct Ans: - A Limited Power Of Attorney Specifies The Authority The Agent Will Have. The Principal Lists All The Matters For Which The Agent Will Make Decisions, Sign Documents Or Give Instructions. Often, A Limited Power Of Attorney Covers Only A Single Process Or Matter; For Example, A Contract Signing Which The Principal Is Unable To Carry Out Due To Absence Or Illness.

How Should I Respond To Specific Questions About The Loan? [Correct Ans: - Change The Borrowers"How/When/What" Question Into A Where Question What Should I Do With The Loan Documents Are Sent Directly To The Borrowers? [Correct Ans: - - Ask Borrower To Review The Documents For Names, Property Address, Loan Terms And Dates

• Have Borrower Contact The Lender To Answer Questions
• Verify Borrowers Id
• Ask The Borrower Not To Sign Documents Prior To The Appointment Who Are The Stakeholders In The Loan Process? [Correct 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? [Correct 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? [Correct Ans: - A Closing Company Could Be:
• Closing Agent
• Bank
• Escrow Company
• Attorney
• Signing Service
• Borrower's What Types Of Transactions Does A Signing Agent Handle? [Correct Ans: - - Refinance
• Purchase And Sale
• Heloc

• Construction
• Commercial
• Reverse Mortgage What Are Some Signing Agent Do's And Dont's? [Correct 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 Borrowers What Are Some Examples Of Discriminatory Or Unfair Practices? [Correct 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 Act Where Does The Nsa Fit In The Loan Process? [Correct Ans: - You May Be The First Or The Only Person The Borrower Meets. Although You Are Involved In Only One Step, The Whole Loan Process Hinges On How Well You Do Your Job. What Are The Key Responsibilities Of A Signing Agent? [Correct Ans: - Key Responsibilities:
• Travel To The Borrower
• Oversee The Signing

• Collect Stipulations And Notarize Applicable Documents
• Ensure That The Documents Are Signed, Dated Or Initialed Properly
• Review All The Documents
• Return The Documents To The Contracting Company. How Does A Signing Agent's Performance Affect The Sla(Service Level Agreement)? [Correct Ans: - Your Poor Performance Can Negatively Affect The Payment To The Contracting Company How Can A Signing Agent Provide Superior Customer Service [Correct Ans: - You Can:
• Be Positive And Confident
• Be Prompt
• Be Accurate
• Be Dependable What Is The Difference Between Brokered And Direct Assignments? [Correct Ans: - Brokered Assignments
• Contracted With A Signing Service
• Need Not Market Yourself
• Steady Stream Of Work
• Pays Flat Rate
• Will Work With Less Experienced Notary Signing Agent's Direct Assignments
• Contracted Directly With Lenders, Escrow Agents, Etc.
• Rate May Be Negotiated
• Quick Payment
• Only Work With Experienced Notary Signing Agent's Signing Appointment Order Of Tasks [Correct Ans: - 1) Manage The Appointment Logistics

2. Take The Lead When You Arrive
3. Arrange The Workspace
4. Review The Process With The Borrowers
5. Request The Borrowers Id's
6. Show The Borrowers Their Copies
7. Obtain The Required Stipulations
8. Complete The Journal Entries
9. Present The Loan Documents Manage Appointment Logistics [Correct Ans: - - Confirm The Appointment Before The Signing

• Confirm The Time Of The Appointment And Get Driving Directions
• Confirm The Borrowers Have The Necessary Ids And Stipulations Ready
• If The Documents Were Sent To The Borrowers, Confirm The Receipt Plan For Personal Safety [Correct Ans: - - Become Familiar With Geographic Areas You Serve
• Determine If The Signing Location Is Safe
• Suggest An Alternate Location, If Necessary Maintain Agreed-Upon Arrangements [Correct Ans: - - Arrive And Leave On Time
• Confirm Parking And Any Access Instructions
• Keep Your Phone And The Borrower's Phone Number With You At All Times Represent Your Contracting Company Properly [Correct Ans: - - Present Yourself As If You Work Directly For The Lender
• Introduce Yourself And Present Your Id
• Dress According To Your Contract And Company's Policy
• A Signing Appointment As A Business Meeting: Never Bring Children Or Friends, Never Leave A Child Or Pet In The Car, Mute Your Phone And Keep It Out Of Sight. Review The Process With The Borrowers [Correct Ans: - - Provide An Overview Of The Signing

• Give Instructions For Signing Documents
• Review Your Role In Its Limitations
• Keep A List Of Questions
• Offer To Call Your Contracting Company Obtain The Required Stipulations(Checks For Closing Cost, Mortgage Statement, Copies Of Id Cards, Income Statement, Insurance Declarations, Irs And State Returns And W-2 Forms) [Correct Ans: - - Collect Stipulations
• Attach Stipulations To Hud-One Settlement Statement Complete Notary Journal Entries [Correct Ans: - - Record Each Notarization In Your Journal, Even If Not Required By Your State
• One Notary Certificate Equals One Journal Entry
• Enter $0 For Notary Fee(Since It's A Loan Signing Appointment And Not A Standard Notarization..The Signing Fee You Receive From The Contracting Company Is Not Recorded Here) Why Do You Complete Your Journal Before Having The Borrower Sign? [Correct Ans: - 1. Journal Entries Interrupt The Flow

2. Interrupting The Flow Can Increase Mistakes
3. Borrowers May Be Tired And May Not Want To Sign The Journal
4. Filling Out Your Journal For Centuries You Get Complete Entries
5. You'll Be Able To Focus On Reviewing The Package What Is The Best Order In Which To Complete The Tasks Associated With A Signing Appointment? [Correct Ans: - 1) Manage Appointment Logistics

2. Take The Lead When You Arrive
3. Arrange The Workspace
4. Review The Process With The Borrowers
5. Request The Borrowers Ids
6. Show The Borrowers Their Copies
7. Obtain The Required Stipulations
8. Complete The Journal Entries
9. Present The Loan Documents

10. Do A Quality Check What Is Involved With Managing The Appointment Logistics? [Correct Ans: - - Verify With Borrowers Ahead Of Time

• Plan For Your Personal Safety
• Maintain Agreed-Upon Arrangements
• Represent Your Client Properly
• Be Prepared To Handle Stressful Situations How Should You Present Yourself During An Appointment? [Correct Ans: - - Dress Appropriately
• Behave Professionally How Should You Arrange The Workspace? [Correct Ans: - - Create A Clean, Organize Workspace
• Seat If The Borrowers Appropriately Around The Table
• Be Prepared To Deal With Distractions How Do You Present A Document? [Correct Ans: - 1. Read The Document Title

2. Describe The Documents Purpose In General Terms
3. State The Signing Requirements For The Document How Do You Guide Borrowers Through Executing A Document? [Correct Ans: - 1. Present The Document
4. Obtain Signatures/Initials/Dates
5. Notarize If Necessary Is There Anything You Need To Do At The Appointment After Everything Is Signed? [Correct Ans: - - Check For Missed Signatures, Dates Or Initials

• Make Sure All Notary Certificates Are Correct And Complete What If The Borrowers Won't Sign? [Correct Ans: - - Call The Contracting Company
• Halt The Appointment

Respecting The Diversity Of Borrowers Is The Law: [Correct Ans: - Federal Laws:

• Office Of Fair Housing And Equal Opportunity:Fair Housing Act
• Equal Credit Opportunities Act Apply To Everyone In The Lending Process What Types Of Transactions Does The Signing Agent Handle? [Correct Ans: - - Refinance(Most Common)
• Purchase And Sale
• Heloc
• Construction
• Commercial
• Reverse Mortgage Good Faith Estimate(Gfe) [Correct Ans: - The Good Faith Estimate Is An Estimate Of All Closing Fees, Including Pre-Paid And Escrow Items As Well As Lender Charges. Servicing Disclosure Statement [Correct Ans: - This Document Discloses The Fact That The Lender Has The Right To Sell, Transfer Or Assign The Servicing Rights To The Loan. Documents A Notary May Not Complete [Correct Ans: - - Positive Proof Of Identification & Notary Signature Affidavit
• Notary Identification Certification
• Blank Acknowledgment Certificates Positive Proof Identification And Notary Signature Affidavit(May Not Complete) [Correct Ans: - Asks You To Certify Borrowers Id
• Without Their Signatures
• Without Notarial Wording Notaries Cannot Certify Identity
• Without An Acknowledgment Or Jurat That Mentions Identification

• Without The Borrower Signing In Front Of Them Notary Identity Certification [Correct Ans: - - Should Not Be Completed
• Asks That You Certify That You Are A Notary
• You Can't Certify Your Own Signature
• You Can't Stamp Paper That Does Not Contain Notarial Wording. Blank Certificates [Correct Ans: - Never Complete And Return An Extra Acknowledgment Or Jurat That Is Not Attached To A Document. It Is Illegal Borrowers Certification Authorization [Correct Ans: - This Document Certifies All Of The Information Provided In The Loan Application Is True And Complete. This Is The Borrower's Certification And Authorization. By Signing This Document The Borrower Agrees And Certifies That The Information Contained In The Borrower's Loan Application Is True And Complete, Without Misrepresentation Or Omission Of Important Facts. The Borrower Also Authorizes The Lender To Release Loan-Specific Information To An Investor Looking To Purchase The Loan In The Secondary Market. Information Provided To The Investor Could Include The Borrower's Employment History And Income, Bank Account Balances, Credit History And Copies Of The Borrower's Income Tax Returns. Compliance Agreement [Correct Ans: - Compliance Agreement. This States That If There Are Any Typographical Or Clerical Errors On The Closing Documents, The Borrower Would Agree To Sign Any Documents That Had To Be Corrected. Signing Presentation Guidelines Additional Information This Is The Compliance Agreement. This Document States That The Borrower Agrees To Cooperate With The Lender Or Lender's Agent In Fixing Clerical Errors On The Documents After The Property Closes. Depending Upon The Lender, This Document May Or May Not Be Notarized. Compliance Agreements May Come In Several Forms: • Errors & Omissions Agreement
• Document Correction Agreement
• Correction Agreement Some Variations (Correction Agreement - Limited Power Of Attorney) Give An Agent Of The Lender Permission To Fix The Clerical Errors On The Borrower's Behalf. It

Speeds Up The Process Of Correcting The Documents By Giving Someone Who Works For The Lender The Power To Make Corrections On The Borrower's Behalf. What Is The Best Order In Which To Complete The Signing Appointment [Correct Ans: - 1)Manage Appointment Logistics 2)Take The Lead When You Arrive 3)Arrange The Workspace 4)Review The Process With The Borrowers 5)Request The Borrower's Id's 6)Show The Borrowers Their Copies 7)Obtain The Required Stipulations 8)Complete The Journal Entries 9)Present The Loan Documents 10)Do A Quality Check The Code Of Conduct: [Correct Ans: - The Code Is Divided Into Nine Distinct Areas, Each Area Represented By Key Guiding Principle. The Document Is Designed To Guide And Educate Both In Essays And The Companies That Hire Them On Standards Of Professionalism. It Also Offers Specific Guidelines On Daily Administrative Task Such As Advertising Ones Services, The Charging And Collecting The Fees, And Have To Demonstrate Responsible Conduct With Contracting Companies In Borrowers. What Is A Jurat Used For? [Correct Ans: - A Jurat Is Used When The Signer Is Swearing To The Content Of The Document. The Notary Must Administer An Oath Or Affirmation To The Signer In Order To Complete The Jurat. A Jurat Also Requires That The Signer Signs In The Presence Of The Notary.