We are preparing to deliver our mortgage loan disclosures electronically. And so I am in uncharted territory. I thought that perhaps some of you who already do this might be able to answer a question.
We're utilizing a software for this delivery. If the applicant chooses to receive the disclosures electronically, they must signify acceptance of this method. This is done by the applicant clicking an "acknowlegement" button and then typing his/her name in a blank field. However, on the acknowledgment form, there is a statement that says, "Typing one Borrower's name signifies the acceptance of all applicants associated with this transaction." Is that OK????
The more you sweat in training, the less you bleed in battle.......