In the consumer mortgage industry - what are the implications of adding an additional applicant after initial disclosures have been delivered? Do many allow this or do you make applicants submit a new application?

It doesn't often happen, but if it's at the applicant(s)' request, i have no issue with it. The LE need only be delivered to the primary applicant anyway, so i see no implications from a TRID perspective. We would just have them amend their existing application, document the file, and proceed on.

It's pretty common for those selling in the secondary market. Some investors may want it done as a new application. It will often depend on whether the new applicant is needed to support the credit approval. If they are, then basically you have a denial and a counteroffer. These will more often be done as a new application. If the new applicant is added "just because," then it is often accepted to proceed with the initial application.

It's pretty common to allow it*

Yes, i probably should have considered the secondary market in my answer, but since that's not my current world, my answer was from a bank that keeps loans in portfolio.