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Notary Flash Cards

18 cards·by allenagraaf
Study this deck
4506-T
Allows the loan office company or lender to request a copy of the tax returns. (Fill out one for each party individually)
1003 or Uniform Residential Loan Application
This is your loan application and the final typed version of the loan application. (4 to 5 page document)
Occupancy and Financial Affidavit
You are certifying and assuring that property being financed serves as your principalresidence.
Compliance Agreement
This states you comply with requests from the lender or closing agent to correct any typographical or clerical errors.
Name Affidavit
It certifies that you are the same person referenced in the loan documentation.
Signature Affidavit
You are acknowledging that you are signing the documents in your legal name printed. That you are “one and the same”.
W-9
This form verifies your SSN# which allows the lender to report the interest you pay, so you may write off the interest off your loan.
FHA
Federal Housing Administration founded in 1934 by Franklin D. Government agency created to set housing standards and conditions.
Note
This is the written evidence of the loan you applied for and the contract between you, being the borrower and the lender.
5 Steps to a Note
1.Loan amount, 2.Interest Rate, 3.The Term, 4.Fixed or Adjustable, and 5. If there is a Prepayment Penalty or Not.
Reverse Mortgage
Loan for seniors (62 or older) to gain access to the equity in their house. Always Contains 2 Notes & 2 Deeds for the Lender & FHA.
Addendum
an item of material/detailed information to be added to a document.
HUD/VA Addendum
This is a common addendum to supplement the information found in your loan application
USA Patriot Act Customer Identification Verification
This form certifies & verifies that I properly identified you, so I will need 2 forms of identification.
Borrower Certification & Authorization
This certifies all the information provided in the loan application is true and complete.
Notarial Evidence Form
(I/Allena) Fill this form out before I meet with borrower. It is summary sheet of all the items that have been notarized for the lender.
Limited Power of Attorney
This document states that you agree to allow an agent of the lender to fix any clerical errors on the document after the loan closes.
Signature Affidavit and AKA Statement
Lists variations of names by which you may be known as when checking your credit report or when title search was made.