NSA Post-Signing Procedures and Compliance 2

Question 1

After a loan signing, what is the NSA's primary responsibility regarding the signed documents?

Accepted Answer

Return them to the title company or lender as instructed

Answer

File them with the county recorder

Answer

Keep copies for personal records

Answer

Send them directly to the borrower

Question 2

When should an NSA ship signed loan documents after a closing?

Accepted Answer

Same day or next business day as instructed

Answer

Within 7 business days

Answer

Within 48 hours without exception

Answer

Only after receiving confirmation from the borrower

Question 3

An NSA discovers a missed signature on a document after leaving the borrower's home. What is the best course of action?

Accepted Answer

Contact the hiring company immediately to report the error

Answer

Sign on behalf of the borrower to save time

Answer

Discard the document and request a new package

Answer

Leave a note in the NSA's journal and move on

Question 4

What does 'funding' mean in the context of a real estate loan closing?

Accepted Answer

The lender releasing money for the loan after all conditions are met

Answer

The borrower paying the down payment

Answer

The NSA receiving payment for services

Answer

The title company collecting closing costs

Question 5

Which of the following is an NSA required to track in their notary journal after each signing?

Accepted Answer

The type of notarial act, date, signer's name, and ID information

Answer

The borrower's credit score

Answer

The loan interest rate and term

Answer

The title company's internal reference number

Question 6

After completing a loan signing, an NSA notices the borrower did not initial one page of the loan package. The NSA should:

Accepted Answer

Notify the title company or lender before taking any action

Answer

Initial it themselves and note it in the journal

Answer

Return to the borrower without notifying the title company

Answer

Discard that page since one page won't matter

Question 7

Why is it important for an NSA to confirm the shipping tracking number after sending documents?

Accepted Answer

To provide proof of delivery and allow the title company to monitor receipt

Answer

To bill the borrower for shipping costs

Answer

To calculate personal income for tax purposes

Answer

To satisfy state notary board requirements