We do not collect DI info on Trusts as applicants/borrowers, since a Trust is an entity. However, our LOS’s default language for the borrower is worded in a way that makes me wonder whether we should collect it. For example, if the property is held in the name of the John Doe Revocable Trust, and the Trust is the applicant/borrower, our Note and Mortgage will print like this: “John Doe Individually, and as Trustee of the John Doe Revocable Trust.†The part that is tripping me up is the word “individually.†Does that mean that even though the title to the property is held in the name of the trust, do we still have to collect DI on John Doe, because of the word “individually?†Thank you!