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

The NSA must return all signed documents to the title company or lender according to the specific shipping instructions provided.

Question 2

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

Accepted Answer

Same day or next business day as instructed

Answer

Documents should be shipped same day or next business day per the lender's or title company's instructions to avoid delays in funding.

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

The NSA must immediately notify the title company or lender about the missed signature so they can instruct on next steps.

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

Funding occurs when the lender releases loan proceeds after verifying all signed documents are complete and correct.

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

State law requires notaries to record the date, type of notarial act, name of signer, and the identification used to verify identity.

(NSA) Notary Signing Agent Certification Practice Test