|
Dear Signing Agents, You need to REGISTER and have a password to post or reply to discussion topics. Please remember, your password for your listing on 123notary.com is NOT RELATED to and is different from your password on the forum. Your password on the forum can be whatever you want it to be.
|
|
Note: You must be registered in order to post a reply. To register, click here. Registration is FREE!
Please do NOT include links in posts unless it is absolutely critical to the post. Otherwise, the post will be subject to review as possible spam before it goes live. For faster results, please remove any unnecessary links. Thanks
|
T O P I C R E V I E W |
36768 |
Posted - 03/07/2016 : 07:34:08 AM I'm a new NSA. The class at the NNA doesn't quite prepare you for what you will see in a loan package, just the critical docs etc.
Can someone here answer my questions about the differences? I've done so far HUD/FHA which was a very large pack and I'm familiar with Refi as I have 2 of my own sitting here for reference
1. HELOC? a. How many pages b. What is unique in pack? C. How long to complete appt approx? d. Common mistakes? e. Difficulty level
2. Reverse Mortgage a. How many pages b. What is unique in pack? C. How long to complete appt approx? d. Common mistakes? e. Difficulty level
3 VA Loan a. How many pages b. What is unique in pack? C. How long to complete appt approx? d. Common mistakes? e. Difficulty level
4 Commercial Loan a. How many pages b. What is unique in pack? C. How long to complete appt approx? d. Common mistakes? e. Difficulty level
5. Jumbo Loan a. How many pages b. What is unique in pack? C. How long to complete appt approx? d. Common mistakes? e. Difficulty level
|
2 L A T E S T R E P L I E S (Newest First) |
36768 |
Posted - 03/07/2016 : 3:19:53 PM Very good info. Thanks for taking the time to answer me! |
LindaH |
Posted - 03/07/2016 : 09:31:31 AM Other than the HELOC, most of the other loans are similar with maybe some subtle differences in the docs you'll see. REverse mortgages many times have two note and two mortgages/deeds of trust. Regular refis are standard sized packages (like yours) - the others may be larger. The HELOCs are smaller packages, so less printing and time, but they are unique in that the HUD and TIL are all combined in one document (or at least they were - not sure if that changed when the regulations changed in October, 2015.)
My suggestion to you is to take another certification course that can help you with this. I would suggest you look into Notary2Pro - Carol Ray's course is one of the most popular and most extensive. Yes you have to pay for it but she has the basic course, an advanced course, and she also has a reverse mortgage certification course. I have never taken any of her courses but I hear they are very good courses, she helps her students find work with companies after they finish, she has post-course support for her students and backs them up.
Good luck to you.
Linda http://www.columbiacountynotary.webs.com |
|
|
Mobile Notary / Signing Agent Discussion Forum |
© 123notary.com |
|
|
Tips for using the forum
The most important feature on the forum is the search box. You can look up a particular word, phrase, name of a company, and see a potentially large list of search results with which you can obtain data. Filters are also valuable. If you want to find popular posts, you can use the number of views filter. You can also see whats new with the active topics link. Email us at info@123notary.com if you need any help using the notary forum.
Resources
The notary public resource page is valuable as it has links to all of the free information pages for notaries. Pages linked to the resource page include a page that teaches you everything you need to know to get the most out of your listing. Another page teaches you all the secrets of getting paid. There is a link to our free list of signing companies. There is also a glossary, learning tools, and much more.
If you are a notary, the free tips we give are invaluable.
Popular pages
If you visit 123notary.com often, you might want to visit some of our most popular pages such as the California notary, Texas notary, Florida notary, and New York notary pages to browse the site. We also have valuable pages for notaries such as the free list of signing companies, and the resource page. Please also visit our get notarized and notarized letter page.
|
| |