NOTARY Signing Agent Certification Exam

The stakeholders in the loan process are: the borrower, the lender, the contracting company, and the NSA(Notary Signing Agent)

An NSA is hired by a contracting company to provide signing services and oversee the actual loan signing with the borrower.

A closing company could be: -closing agent -bank -escrow company -attorney -signing service -borrower's

-Refinance -Purchase and sale -HELOC -Construction -Commercial -Reverse Mortgage

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

-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

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.

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.

Your poor performance can negatively affect the payment to the contracting company

You can: -Be positive and Confident -Be Prompt -Be accurate -Be dependable

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

-manage your home environment on a call -act professionally: phone, email and texting

-receive documents via email or access contracting -print documents on laser printer -erase documents from your hard drive when the appointment is finished

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

-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

-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

-Closing Disclosure -HUD-1 Settlement Statement -Truth in lending Disclosure -Deed of Trust -Note -Notice of right to cancel

-occupancy affidavit -signature/affidavit -Compliance Agreement -limited power of attorney

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 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.

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.

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.

Change the borrowers"How/when/what" question into a where question

-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

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

-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

-Become familiar with geographic areas you serve -Determine if the signing location is safe -Suggest an alternate location, if necessary

-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

-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.

-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

-Collect stipulations -Attach Stipulations to HUD-one settlement statement

-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)

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

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

-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

-Dress appropriately -Behave professionally

-create a clean, organize workspace -Seat if the borrowers appropriately around the table -be prepared to deal with distractions

1. Read the document title 2. Describe the documents purpose in general terms 3. State the signing requirements for the document

1. Present the document 2. Obtain signatures/initials/dates 3. Notarize if necessary

-check for missed signatures, dates or initials -Make sure all notary certificates are correct and complete

-Call the contracting company -Halt the appointment

Federal Laws: -Office of fair housing and equal opportunity:Fair Housing Act -Equal Credit Opportunities Act Apply to everyone in the lending process

- refinance(most common) - purchase and sale - HELOC - construction - Commercial - reverse mortgage

The Good Faith Estimate is an estimate of all closing fees, including pre-paid and escrow items as well as lender charges.

This document discloses the fact that the lender has the right to sell, transfer or assign the servicing rights to the loan.

-Positive Proof of Identification & Notary Signature Affidavit -Notary Identification Certification -Blank Acknowledgment Certificates

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

-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.

Never complete and return an extra acknowledgment or jurat that is not attached to a document. It is illegal

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. 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.

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 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.

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.