Manage co-borrower experience

Co-borrowers can represent a critical aspect of the lending experience. It is important to understand how they can, and will interact during an application's lifespan. 

• Add a co-borrower (borrower experience)
• Add/delete a co-borrower (lender experience)
• Merge applications for multiple borrowers

Add a co-borrower (borrower experience)

In the borrower's portal, the Getting Started section will ask the borrower whether or not they are applying with another applicant.  Should the applicant choose Yes, they will be brought to a form in which they enter the details of their co-borrower.

After the co-borrower's information has been added, the borrower will be asked whether or not they have the authorization to provide information on the co-borrower's behalf.  

If the borrower selects 'Yes', that they do have co-borrower authorization, a few things will happen.

• The borrower will next be asked if they share financial information with the co-borrower
  • If Yes, the borrower will be asked to confirm the co-borrower's information
    • The co-borrower will be requested to review their submitted information after the borrower submits their application
  • If No, the co-borrower will be issued a login to the borrower's portal to apply separately

If the borrower selects 'No', that they do not have co-borrower authorization:

• The co-borrower is issued login information for the borrower portal and will apply separately alongside the main borrower

Add/delete a co-borrower

 Resource:   Add/delete a co-borrower

 Note: If this method is used to add a co-borrower, the co-borrower will receive their separate login to complete the application.  This means that both borrowers will need to log into their accounts and complete their respective applications separately. 

Merge applications for multiple borrowers

 Note: The merging of applications cannot be done within Blend.  Should you want to keep two borrowers included on one application in Blend, we recommend adding a co-borrower to the desired application.  You otherwise should follow any internal procedures surrounding the merging of applications together. 

DISCLAIMER: All mentioned features on this page may not be applicable to your institution, please reach out to (support@blend.com) for more information on what features are enabled for your use.