And I am not saying this in a smug manner, but this issue was argued ad nauseum not so long ago. It's really very clear. Read Fannie Mae and Freddie Mac guidelines (if you can locate them). The rules are clear. EVERY applicable box on a 1003 must be completed. (*note the word applicable) I received this training while working as a Loan Officer prior to becoming a signing agent.
Borrower signs. IF there is a Co-Borrower, Co-Borrower signs and by doing so acknowledges participation in the loan application process (not just marital rights, for example). Just because a Co-Borrower may not exsist does NOT exclude the Borrower from having to sign the top of the 1003.
|
