Post-Signing Procedures and Compliance Flashcards
7 cards from real NSA practice questions. Tap to flip, then mark Knew It or Still Learning โ missed cards come back until you master them.
Read the first 7 Post-Signing Procedures and Compliance flashcards as text
After a loan signing, what is the NSA's primary responsibility regarding the signed documents?
Answer: Return them to the title company or lender as instructed
The NSA must return all signed documents to the title company or lender according to the specific shipping instructions provided.
When should an NSA ship signed loan documents after a closing?
Answer: Same day or next business day as instructed
Documents should be shipped same day or next business day per the lender's or title company's instructions to avoid delays in funding.
An NSA discovers a missed signature on a document after leaving the borrower's home. What is the best course of action?
Answer: Contact the hiring company immediately to report the error
The NSA must immediately notify the title company or lender about the missed signature so they can instruct on next steps.
What does 'funding' mean in the context of a real estate loan closing?
Answer: The lender releasing money for the loan after all conditions are met
Funding occurs when the lender releases loan proceeds after verifying all signed documents are complete and correct.
Which of the following is an NSA required to track in their notary journal after each signing?
Answer: The type of notarial act, date, signer's name, and ID information
State law requires notaries to record the date, type of notarial act, name of signer, and the identification used to verify identity.
After completing a loan signing, an NSA notices the borrower did not initial one page of the loan package. The NSA should:
Answer: Notify the title company or lender before taking any action
The NSA must contact the hiring party first; they will determine whether a re-sign, cure, or other remedy is appropriate.
Why is it important for an NSA to confirm the shipping tracking number after sending documents?
Answer: To provide proof of delivery and allow the title company to monitor receipt
Providing the tracking number to the hiring company allows them to monitor document delivery and plan funding accordingly.