FORUM PROFILE

ADDING BORROWER TO EXSISTING APPLICATION

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  • #36574
    Jeff T
    Participant

    ACCORDING TO TRID MATRIX , ADDING A BORROWER TO AN EXSISTING LOAN APPLICATION , TO SEND A COPY OF THE DISCLOSURES AS INFORMATIONAL . WOULD THIS NOT BE A CHANGE OF CIRCUMSTANCE ? AND IF SO , WOULD THERE BE SOME ADDED DISCLOSURES TO BE SENT , FOR EXAMPLE THE INTENT TO PROCEED , URLA , LE ? TRYING TO STAY WITHIN COMPLIANCE.

    #36581
    jholzknecht
    Keymaster

    Before taking a stab at answering the question I want to make I understand the question.

    Are you adding a new applicant? If the application is approved, will the new applicant sign the note? Are you adding the new applicant so they can receive a copy of the disclosures?

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