Best Practices – Co-Borrower Declarations
Ensure a Smooth Process on Your File – Co-Borrower Occupancy
Starting May 16th, the Optimal Blue system and Encompass will be pulling the Co-Borrower Occupancy as part of the API and Loan Validations Process. This is to help ensure you have a valid program when you lock your loan.
When you have a Co-Borrower on the loan it would be the Best Practice to make sure you complete the Declarations as shown below before you lock your loan for the first time. This will prevent the need to update your lock and potentially slow down your loan later in the process.
