Non-Occupant Co-Borrower Cert.
Certification executed by non-occupant co-borrowers confirming financial responsibility for mortgage debt without occupying the subject security.
Packaging & Submission Instructions
Originator Guidance: Complete and execute this form prior to upload with the initial loan submission package in the Corva Wholesale Broker Portal or Fannie Mae Desktop Originator.
Ensure all borrower signatures, entity documentation (for LLC or corporate borrowers), and applicable disclosures match the 1003 loan application. For assistance packaging this document, contact the Corva Broker Operations Desk at [email protected].
Form Description & Requirements
Underwriting Guidelines & Purpose
The Non-Occupant Co-Borrower Certification establishes that the co-borrower will not occupy the subject property as a principal residence, but assumes full joint liability for the debt obligation. This document confirms the transaction meets Fannie Mae, Freddie Mac, or Non-QM underwriting standards for blended qualifying ratios.
Submission Requirements
- Occupancy Exclusion: Explicit affirmation that the co-borrower maintains a separate primary residence.
- Credit & Asset Documentation: Full income, asset, and credit documentation required matching primary borrower standards.
- Vesting: Non-occupant co-borrowers must take title to the property at settlement unless permitted otherwise by applicable agency guidelines.