Notes from Mock Signing Presentation

Introduction

• Speaker thanks participants for being part of the "You Say So" family and for their involvement in the mentorship program.
• Emphasizes the importance of knowledge sharing for aspiring notary signing agents.

Mock Signing Overview

• Topic: Refinance mock signing session.
• Participants should have the relevant documents; if not, they can email for access at [email protected].
• Importance of practicing with the documents and using provided cheat sheets.

Mock Signing Process

• Speaker will perform a mock signing; participants will play the roles of John Doe and Jane Doe.
• Begins with a welcoming introduction at the door.

Initial Steps

• Request for ID upon entering the home.
• Explain the notary journal filling process:
  • Requires one address, phone number, email, signature, and initials under oath sections.
• Introduction of the Patriot Act Form and how to handle it during the signing.

Key Documents Covered

1. Settlement Statement

   • Loan amount: $614,000.
   • Refund amount: $1,371.51.
   • Signature instructions provided.

2. Closing Disclosure

   • Reaffirms loan details and payment information.
   • Signature and date required.

3. Borrower's Contractor Affidavit

   • Confirm no liens or recent construction.
   • Sign and notarize.

4. Appraisal Acknowledgment

   • Confirm receipt of appraisal.
   • Sign and date required.

5. Owner's Affidavit

   • Confirm no disputes or liens.
   • Needs notarization.

6. Application and Credit Score Disclosure

   • Signature required, no action for the credit score disclosure.

7. Affidavit of Occupancy

   • Confirm primary residence intention.
   • Needs notarization.

8. Borrower Certification Authorization

   • Certifies true information provided on the application.
   • Signature needed.

9. Compliance Agreement

   • Signature and date required for corrections.
   • Needs notarization.

10. Equal Credit Opportunity Act Notice

    • Prohibits discrimination; signatures needed.

11. Note

    • Promise to repay loan; due date information.

12. Deed and Quick Claim Deed

    • Ensures proper title transfer and name change; signatures and notarization required.

Final Steps

• Oath of Consideration: Only one signature needed for the $10 charge acknowledgment.
• First Payment Letter: Details about making payments; keep for future reference.
• Flood Hazard Determination: Signature required; confirms no flood zone status.
• Hazard Insurance Requirement: Required signatures detailing insurance needs.
• Amortization Schedule: Acknowledges payments over the loan duration.
• W-9 Form: Confirmation of social security number; signature and date required.
• Cancellation Instructions: Process if they choose to cancel within three business days.
• Signature Name Affidavit: Verification of names on credit report; corrections made if necessary.
• Visitor Health Screening Questionnaire: COVD questions; responses needed.
• Additional Documents: Various disclosures and agreements related to financing, including COVID-19 attestations and wire instructions.

Conclusion

• Speaker thanks participants and encourages recording of the mock signing for practice.
• Reminds to check all documents thoroughly before submission.
• Encourages communication for questions or further assistance during the process.
• Inspirational closing statement regarding personal growth and opportunities.