Managing the Signing Assignment Flashcards
7 cards from real NSA practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Managing the Signing Assignment flashcards as text
When a signing agent receives a loan package and discovers several documents are missing, what is the correct first step?
Answer: Contact the title company or lender immediately to report the discrepancy
The NSA must notify the hiring party immediately when documents are missing so corrections can be made before or during the appointment.
A borrower asks the NSA to explain whether a particular loan term is favorable for them. The NSA should:
Answer: Decline to answer and suggest the borrower call their lender
NSAs must direct borrowers' substantive loan questions to the lender, as giving advice constitutes unauthorized practice of law or financial advising.
What does 'confirmation of appointment' typically require an NSA to verify before traveling to a signing?
Answer: The appointment time, location, contact information, and document delivery method
Confirming the appointment details—time, location, contact, and how documents will arrive—prevents unnecessary trips and ensures a smooth signing.
If a borrower is unavailable at the scheduled signing time due to an emergency, the NSA should:
Answer: Contact the hiring party to report the situation and await instructions
The NSA must report the failed appointment to the hiring party who will decide how to proceed, not make independent rescheduling decisions.
Which of the following best describes the NSA's role regarding the Right to Cancel (Notice of Right to Rescind)?
Answer: Ensure the borrower receives the required number of copies and signs the acknowledgment
The NSA ensures the borrower receives the correct number of copies and signs the acknowledgment form; interpreting or advising on rescission is outside the NSA's scope.
When shipping a completed loan package back to the title company, the NSA should:
Answer: Use the shipping method and carrier specified by the hiring party
The NSA must follow the hiring party's specific shipping instructions, including carrier, service level, and tracking requirements.
An NSA notices a discrepancy between the borrower's name on the identification and the name printed on the loan documents. The correct action is to:
Answer: Note the discrepancy and contact the hiring party for guidance before proceeding
Name discrepancies must be reported to the hiring party before the NSA proceeds, as corrections require authorization from the lender or title company.