Questions? Feedback? powered by Olark live chat software

Joint Credit Report

JMAC now accepts joint applications and joint credit reports for unmarried individuals. JMAC no longer needs to split the credit report or loan information.   However,  if a broker delivers their 3.2 – splitting the individual borrowers –  separate credit (if applicable) is required. Upon reviewing the initial 1003, please ensure all borrowers sign wherever there is a place for a signature.

Example:  Two Unmarried Borrowers

Initial Application shows both borrowers on same application
LQB reflects borrowers separated
Credit Reports should be ran individually

Example:  Two Unmarried Borrowers

Initial Application shows borrowers on same application
LQB reflects borrowers jointly
Credit can be ran jointly as well