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greetings oh very stars this is the first video in a series of how to complete a purchase file there are a lot of things that a notary needs to know and it all begins with a settlement statement most likely this will be one of the first documents you come across in a purchase file and it is extremely important to a signer it should match up with the CD pretty well sometimes they don't but you should be able to pull a lot of information from your settlement statement to know exactly what you're doing at the signing table so I'm going to go over this in pretty much detail to kind of give you an idea of all the information you can grasp and you might need to know at the same table about a settlement statement so the first thing that you probably want to get very familiar with is actually one of two things your file number which is located it's the escrow number a lot of times if you need to reach out to title or two you're signing company they're going to ask you for your file number now some signing agencies do use order numbers but most likely if you're asked for your file number you're going to need to know the escrow number the next thing that you're going to need to know is a lot of title agencies go by the property address so when you're calling in they may ask you what's the property address so you need to be able to locate those two things pretty quickly when you're calling in for help at your signing table another thing is that you need to be able to understand what type of transaction you're at now we're going through a series of videos training notaries how to complete a buyer's file one thing that you need to know though is what type of transaction are you at are you at a purchase or refinance now this is a borrower and we can also see the lenders information here another thing that you need to be very aware of is your settlement thing and your disbursement day so for your disbursement date for those of you who do local business that's the date they're intending to actually record this with the County Recorder and they will have to have most likely the originals in hand to record so for a purchase file your disbursement date is very very to understand when you need to get these documents back to your signing agency or your title company now a lot of notaries go back and forth about are they supposed to go over the settlement statement or know certain things about it I am indifferent I don't believe that you should explain why charges are there that's out of the scope of what we're at even as a loan signing agent but there are a few key points that you may...