It still depends on the lender. It's best to be flexible about this and be willing to step outside of NSA training on occasion and follow the lender's instructions. Not everything that is 'different" is a mistake.
I once originated loans with a mutl-state broker/banker who used Docu Prep as their go-to customized origination software system. It was an excellent service and was only replaced when the company fully developed it's own compliance department.
Here they reference the flexibility that FreddieMac allows for their form 65, which is the same as the Fannie form 1003.
http://www.docuprep.com/urla-faqs/
"Docu Prep: While it is likely that each borrower only signs his/her own component, the fact that the second borrower with joint credit signs the main borrower’s “URLA” component, and the fact that the specifications allow the components to be presented either individually or as a aggregated document, and the fact that the GSE’s allow flexibility in the presentment based on Vendor system set-up, and the fact that the verbiage has some ambiguity, and the fact that the GSEs are so flexible in how they allow additional borrowers to the transaction to be handled on any additional borrower component type, it is my current understanding that ** it would be acceptable to have all additional borrowers using the joint credit “—Additional Borrower” component also sign the “Your initials: _____” line.**" [Emphasis added] |
| Messages in this Thread |
|  My big mistake. So,,,,I thought each BWR is to initial - Alz on 9/23/21 1:28pm |
|  Re: My big mistake. So,,,,I thought each BWR is to initial -  Yoli/CA on 9/23/21 1:42pm |
|  And then ... - Yoli/CA on 9/23/21 1:45pm |
|  Re: And then .. n/m - Lee/AR on 9/23/21 2:15pm |
| Oops..Agree w/Yoli and Who's the Lender? n/m - Lee/AR on 9/23/21 2:16pm |
|  BBVA USA n/m - Alz on 9/23/21 2:48pm |
| I agree, too, always done it that way. No issues so far. n/m - JanetK_CA on 9/23/21 3:23pm |
| Re: And then ... - Bear900/CA on 9/24/21 2:27pm |
| Thank you. I think this was just one of those - Alz on 9/26/21 4:48pm |
| Re: My big mistake. So,,,,I thought each BWR is to initial - Alz on 9/23/21 2:48pm |
| Re: My big mistake. So,,,,I thought each BWR is to initial - Luckydog on 9/23/21 2:56pm |
| Not your mistake--their's. It just shows that many of these - MW/VA on 9/23/21 3:54pm |
| Re: Not your mistake--their - pdl/cali on 9/23/21 9:22pm |
| Re: My big mistake. So,,,,I thought each BWR is to initial - CCW/MN on 9/24/21 8:03am |
| Re: My big mistake. So,,,,I thought each BWR is to initial - Luckydog on 9/24/21 9:19am |
| Anything worth doing is worth over-doing n/m - jnew on 9/24/21 12:56pm |
| Why is it wrong? - Bear900/CA on 9/24/21 1:47pm |
| This might help n/m - anotaryinva on 9/24/21 1:57pm |
| Oops - anotaryinva on 9/24/21 2:01pm |
| Re: Oops - Bear900/CA on 9/24/21 2:33pm |
| That is the correct way n/m - Luckydog on 9/26/21 1:58pm |
|  Until told otherwise by the the lender - their call. n/m - Bear900/CA on 9/26/21 7:05pm |
| #7 - Waiting for contact info from TC. n/m - Alz on 9/26/21 4:59pm |
| They won't know. Only the lender will. n/m - Bear900/CA on 9/26/21 7:00pm |
| Oops - contact info is right on the 1003 - Bear900/CA on 9/26/21 7:03pm |
| Yes, the TC gave me the information. No I do not print. n/m - Alz on 9/27/21 11:10am |
| Will an update n/m - Alz on 9/27/21 11:11am |
|  I mean. I will update everyone later n/m - Alz on 9/27/21 11:11am |
 | Yes it is acceptable! - Bear900/CA on 9/27/21 11:16am |
| Re: Yes it is acceptable! - JanetK_CA on 9/27/21 2:37pm |
| Re: Yes it is acceptable! - Bear900/CA on 9/27/21 3:58pm |
| Love it when lenders leave instructions for this kinda stuff - JanetK_CA on 9/28/21 2:39pm |
