Disclosure Best Practices – Multiple Applicants
by Fredric J. Gooch – General Counsel, DocuTech Corporation
Customers frequently ask DocuTech questions regarding best practices when making disclosures to borrowers. One of the most asked questions has to do with the problem with multiple applicants on a single loan and whether each applicant needs to receive disclosures or whether it is sufficient to provide the disclosures to one borrower without any compliance concerns. …