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NSA Notary Signing Agent Exam Questions And Accurate Answers New Update
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NSA Notary Signing Agent Exam Questions AndAccurate Answers New Update
A Notary Signing Agent has provided signing services incident-free for over a decade
without having gone through the background screening process. He or she therefore: -
Answer Must obtain and pass a background screening
A Notary Signing Agent, having nearly 10 years experience, has reviewed and is
thoroughly familiar with all the documents in a loan package. In meeting with the
borrower, the Notary Signing Agent may now: - Answer Present and state the general
purpose of each document and how it must be signed
Why would a Notary Signing Agent need to learn all the closing documents in a loan
package if they are not allowed to advise or council? -Answer So that the contracting
companies have proof the Notary signing Agent is competent to handle the signing
appointment
A Notary Signing Agent always takes borrowers' thumbprints in their journal, but is
commissioned in a state that doesn't require journal thumbprints. A borrower has
completed all other notarization requirements but refuses to leave her thumbprint in the
journal. What should the Notary Signing Agent do? - Answer Preform the notary
The Notarial Evidence Form is completed by - Answer The Notary Signing Agent and
returned to the contracting company
Notarial certificates on loan documents - Answer Must be completed in the presence of
the borrower
Loan Signing At a signing appointment, a borrower asks the Notary Signing Agent if his
loan rate is competitive. How does the NSA respond? - Answer the NSA should tell the
borrower that a Notary Signing Agent may not discuss loan rates
, A Notary Signing Agent makes a routine record in a journal of all notarizations
performed at a closing. This is: - Answer A required practice under the Code of Conduct
A borrower expresses a hesitation to continuing signing The Notary Signing Agent may:
- Answer Instruct the borrower to immediately contact the lender's representative
before signing any further documents.
A borrower expresses that he is anxious that, once he signs all the documents, he would
be "stuck" with a second mortgage. One of the good responses that the Notary Signing
Agent may have is: - Answer Suggest the borrower get in touch with his representative
at the Lender and do the calling with the phone number
Explaining to a borrower the fees that comprise the APR of a borrowers loan is: -
Answer Permissible if the Notary Signing Agent has the breakdown of the fees
A borrower questions the amount of the "Notary/Signing Fee" appearing on the
settlement statement. The Notary Signing Agent should: - Answer Offer to call the
closing agent to explain the fee
It is best to handle a borrower's questions that the Notary Signing Agent is not
authorized to answer, by listing the questions to be asked by the contracting company
before the close of the signing.
At a signing appointment, one of the parties asks when their first payment is due. How
does the Notary Signing Agent respond? - Answer Have the parties read the information
contained in the applicable document.
A borrower asks the Notary Signing Agent for the contact information of the closing
agent and the representative for the lender. The Notary Signing Agent should respond
by: - Answer providing the borrower with the information for both contacts
A Notary Signing Agent is requested at a signing appointment to explain various of the
loan terms. The Notary Signing Agent may: - Respond provide only a general description
of the loan terms and indicate in what document the information may be found
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