We have a potential loan where the buyer is purchasing 2 pieces of property adjacent to each other from separate sellers.

My thought process is 1 CD showing Seller 1 and Seller 2 charges on page 2 but producing 2 page 3s. One for each seller.

Has anyone else had this scenario?

I have not, but I do believe that would work and it would be my first plan of attack!

Is this one application and two offers to purchase? We've managed to duck our only similar situation but I was going to treat them as two separate transactions. My thought was to use the same credit pull and verifications for both and give a lender credit on one of the CDs.

The fallacy in that is that you only have one loan TR...it's not a matter of simply crediting some otherwise duplicate fees.

Can't be done that way in my world, Joker. Maybe you can do in-house like that but no investor or FNMA is going to allow one loan when you have two different sellers. Each must be a separate transaction.

That is the way the processor proposed to disclose it TR but as RRJ states this is one loan to purchase both properties. I don't think providing separate CDs would be compliant since there is only one loan.

You do one CD for the borrower (both seller closings costs combined on Page 2) and blank out the sellers Summaries of Transactions on the borrowers CD and 2 separate seller CDs. The sellers are not getting the loan - it is to document the seller portion of the transaction.