If a borrower signs a note, does your institution require that borrower be on both mortgage and deed?

Thank you.

What an institution requires, imho, has to have some support from the law. There is no law that dictates one must be on title in order to borrow.

Legally, I can take a mortgage on your house as long as you sign the mortgage acknowledging that I'm doing so.

Happy 28, if the situation you described happens in our office we require that borrower to sign a Notice to Co-Signer. This document clearly spells out that you are obligating to the debt without receiving anything in return (like ownership in the property).

Thank you for your feedback.