What is the most important document in a seller signing package that shows the transfer of ownership from the seller to the buyer and is always included in the signing package? (copy) *

Grant Deed

Home Owners Title Insurance Affidavit

Notice of Right to Cancel

Natural Hazard Disclosure Report

If you had to call a borrower and didn’t have their telephone number. Which one of the documents listed below would you most likely find the contact information that you’re searching for? *

1003

Home Owners Title Insurance Affidavit

Notice of Right to Cancel

PCOR

If the loan package has a Notice of Right to Cancel form but the dates are blank, what do you do? *

Refer to your Recession Calendar, fill in the dates and have the borrower initial next to both dates.

Refer to your Recession Calendar and fill in the dates.

Don't do anything. The lender will fill it out later.

Call the Title, Escrow or Signing service that hired you and let them know that the form is blank.

Which company's mission statement is... "To be the nations largest provider of quality, independant, mobile notary & Loan Signing Agents to the general public, legal and mortgage industries? *

Signature Signings

Signature Closers

Successful Signings

Successful Signature Closers Signings

The document described as the, "Borrower's Promise to Pay" is called the what? *

Note

Closing Disclose

Temporary Payment Coupon

First Payment Letter

Initial the line acknowledging that they are applying for a joint application. *

Initial the line acknowledging that they are applying for a joint application.

Check the box acknowledging that they are applying for a joint application.

Circle the name of the person who they are applying for a joint application with.

Nothing.

Of the options listed below. Which document can you show to the borrower to let them know how much money they need to come in with to close escrow? *

Estimated Borrowers Settlement Statement

Note

Deed of Trust

Initial Escrow Account Disclosure Statement

What is another name for the form 1003? *

Uniform Residential Loan Application

Request for Transcript of Tax Return

Request for Tax Payer Identification Number and Certification

Closing Disclosure

What is the name of the specific document included in a signing packet of a real estate transaction when a property is owned by a Living Trust? *

Certification of Trust

Deed of Trust

The Revocable Living Trust addendum

Trust Identification

[Mark all that apply.] What days count as a business day in consideration to the Notice of Right to Cancel? *

Saturday

Friday

Sunday

Christmas

What's does the acronym PCOR stand for? *

Preliminary Change of Ownership Report

Please Check Owners Report

Primary Change of Owner's Residence

Purchase Correction of Owners Report

What does the acronym ECOA stand for? *

Equal Credit Opportunity Act

Environmental Commercial Overhead Assessment

Eventual Change of Ownership Acquisition

Every Client Opportunity Affirmation

When refinancing a property, which of these options DOES NOT come with a 3 day notice of right to cancel? *

2nd home

Environmental Commercial Overhead Assessment

Primary residence

Reverse Mortgage of Primary Residence

What is another name for the Request for Transcript of Tax Return form? *

4506-T

W-9

401k

Reverse Mortgage of Primary Residence

If a signer incorrectly writes the wrong date on a form. What must the signer do in order for the document to be corrected properly? *

Cross a line out through the mistake, make the change and initial.

Don't worry about it. The lender will fix it.

Scribble out the mistake, change and initial.

Cross it out and make the change.

What does the acronym LOE stand for when it comes to loan documents? *

Letter of Explanation

Lender Owner Escrow

Lower Opportunity Equalization

Last Opportunity Extension

Which page of the HUD/VA addendum to the 1003 typically has 2 signature lines per applicant? *

Page 2

Page 1

Page 3

Page 4

[Based on this picture.] What is the correct answer for blank A? *

The county where the notarization is taking place.

Los Angeles County

The county the notary is commissioned in.

The date.

[Based on this picture.] What is the correct answer for blank D? *

The name of the signer as printed on the document being notarized.

The signature of the signer.

The signature of the notary performing the notarization.

The name of the notary performing the notarization.

[Based on this picture.] What is the correct answer for blank D? *

John Q. Public, Notary Public

The name of the person whose signature is being notarized.

John Q. Public

Jonathan Quincy Public, Notary Public

[Based on this picture.] What is the correct answer for blank E? *

The signature of the notary.

The signature of the signer whose being notarized.

The name of the notary.

The name of the signer.

[Based on this picture.] What is the correct answer for blank B? *

The date that the notarization took place.

The signature of the signer whose being notarized.

The city that the signing is being performed in.

The birthdate of the person signing the document.

[Based on this picture.] What is this form commonly referred to as? *

Closing Disclosure

Estimated Borrowers Settlement Statement

First Payment Letter

Notice of Right to Cancel

[Based on this picture.] How much is the PMI payment for this loan? *

$93

$1,723.20

$598

$2,414

[Based on this picture.] What is the estimated amount collected for taxes and hazard insurance? *

$598

$1723.20

$2,414

$93