1.
Which signing method will require the borrower to submit a signature via DirectFax coversheet, before applying this signature to a document?
Correct Answer
A. Secure Signature
Explanation
Secure Signature is the correct answer because it requires the borrower to submit a signature via DirectFax coversheet before applying it to a document. This method ensures that the borrower's signature is verified and authenticated before it is applied to any important documents.
2.
Which signing method allows borrowers to sign with a Font?
Correct Answer
A. Express Electronic
Explanation
Express Electronic is the signing method that allows borrowers to sign with a Font. This method likely utilizes electronic signature software that allows borrowers to select a font style that resembles their handwritten signature. It provides a convenient and efficient way for borrowers to sign documents electronically without the need for physical signatures.
3.
Which options are allowed when a SureDocs user fails the identity verification?
Correct Answer(s)
A. Wait 72 hours and try again
B. Fax notarized documents to manually verify
Explanation
If a SureDocs user fails the identity verification, they have two options available. The first option is to wait for 72 hours and then try the verification process again. This allows the user to potentially rectify any issues or errors that may have occurred during the initial verification attempt. The second option is to fax notarized documents to manually verify their identity. This provides an alternative method for verifying the user's identity, ensuring the security and legitimacy of their account.
4.
Which of the following does NOT occur during the signing process?
Correct Answer
A. The borrower sends an email to the loan officer to scan the signature.
Explanation
During the signing process, the borrower does not send an email to the loan officer to scan the signature. This is because the borrower typically signs the documents electronically using a digital signature or e-signature platform. The loan officer does not need to physically scan the signature as the electronic signature is already captured and stored digitally.
5.
When a loan officer sets up his own signature the identity must be verified.
Correct Answer
A. True
Explanation
When a loan officer sets up his own signature, it is necessary to verify their identity to ensure that the signature belongs to the correct person. This verification process helps to prevent fraud and ensure the authenticity of the loan officer's signature. Therefore, the statement "When a loan officer sets up his own signature, the identity must be verified" is true.
6.
Transunion is the credit reporting agency used for our identity verification service.
Correct Answer
B. False
Explanation
The given statement is false. Transunion is not the credit reporting agency used for the identity verification service.
7.
When the borrower logs in, if they do not already have a login for a lamode they will be required to create one.
Correct Answer
A. True
Explanation
The explanation for the given correct answer is that when the borrower logs in, if they do not already have a login for a lamode, they will be required to create one. This means that in order to access the borrower's account and use the services provided by lamode, the borrower needs to have a login. If they do not have one, they will have to create it before they can proceed further. Therefore, the statement "True" is correct.
8.
What types of tags exist within SureDocs?
Correct Answer(s)
A. Initial
B. Signature
C. Checkboxes
Explanation
SureDocs is a document management system that allows users to add various types of tags to their documents. These tags help in organizing and categorizing the documents effectively. The types of tags that exist within SureDocs are Initial, Signature, and Checkboxes. Initial tags are used to indicate where the user needs to provide their initials on the document. Signature tags are used to indicate where the user needs to provide their signature. Checkboxes tags are used to create checkboxes within the document for the user to select or mark. These different types of tags make it easier for users to navigate and interact with the documents within SureDocs.
9.
Borrowers can browse to www.suredocs.com to sign documents.
Correct Answer
B. False
Explanation
The statement is false because borrowers cannot sign documents by browsing to www.suredocs.com.
10.
Which of the following is not true?
Correct Answer
D. Subusers can see documents for the admin user
Explanation
The statement "Subusers can see documents for the admin user" is not true. This means that subusers do not have access to view the documents of the admin user.
11.
Which of the following are options to send documents using SureDocs?
Correct Answer(s)
A. SecureReceipts
B. Flagstar Bank
C. Mortgage XSite Loan Folder
Explanation
SureDocs offers multiple options for sending documents, including SecureReceipts, Flagstar Bank, and Mortgage XSite Loan Folder. These options provide secure and efficient ways to transmit important documents. SecureReceipts ensures that documents are sent securely, while Flagstar Bank and Mortgage XSite Loan Folder offer convenient platforms for document transmission.
12.
The SureDocs History log is stored locally on the user's PC.
Correct Answer
B. False
Explanation
The SureDocs History log is not stored locally on the user's PC.
13.
To reinstall the SureDocs printer after it has been removed from add/remove programs in Windows, the user simply needs to start SureDocs.
Correct Answer
A. True
Explanation
The explanation for the given correct answer is that reinstalling the SureDocs printer after it has been removed from add/remove programs in Windows is as simple as starting SureDocs. This implies that the SureDocs software automatically reinstalls the printer when it is launched, making the statement true.
14.
The SureDocs Nova PDF Printer will work great in a Citrix Environment.
Correct Answer
B. False
Explanation
The SureDocs Nova PDF Printer will not work great in a Citrix Environment.
15.
The letters and numbers for the SureDocs Captcha code are the same every time.
Correct Answer
A. True
Explanation
The given statement suggests that the letters and numbers for the SureDocs Captcha code remain consistent and unchanged each time. This implies that regardless of when the Captcha code is generated, it will always consist of the same set of letters and numbers. Therefore, the answer "True" indicates that the statement is correct and the SureDocs Captcha code remains constant.