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.
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