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#376283 - 06/22/05 03:59 PM Co-borrower's Signatures
Ginlyn, CRCM Offline
Gold Star

Registered: 11/03/03
Posts: 287
Loc: Oklahoma
Need an answer on a RESPA loan. Are co-borrowers required to sign preliminaries e.g. "Affiliated Business Arrangement Disclosure Statement", "Disclosure of Right to Receive a Copy of an Appraisal", "GFE", or "Servicing Disclosure Statement"? The co-borrowers do not have an interest in the mortgaged property; however, they are needed because of their good credit (parents of one of the borrowers).

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Lending Compliance
#376284 - 06/22/05 04:05 PM Re: Co-borrower's Signatures
someone else Offline
Power Poster

Registered: 08/10/04
Posts: 3300
Loc: back to my roots
You mean co-signers...
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#376285 - 06/22/05 04:07 PM Re: Co-borrower's Signatures
Ginlyn, CRCM Offline
Gold Star

Registered: 11/03/03
Posts: 287
Loc: Oklahoma
Yes. Co-signers on the note.

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#376286 - 06/22/05 05:59 PM Re: Co-borrower's Signatures
corkygirl Offline
Power Poster

Registered: 09/29/04
Posts: 4237
Loc: middle of the country
I would have the co-signer sign every document that relates to the credit transaction he/she is agreeing to co-sign for. I might not have a co-signer sign any disclosure relating to the collateral. Just my opinion, for what it's worth.
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