Blend Product Minute: 3+ Borrower Support in LO Toolkit

The Challenge
Blend’s current LO Toolkit for mortgage lending is optimized for loan applications with one or two borrowers, and only partially supports intake for scenarios involving three or more borrowers. As high interest rates and growing affordability pressures drive more co-applicants, your loan teams face growing friction trying to qualify these 3+ borrower scenarios. That’s due to limited support for complex credit pairings, shared finances, and loan structuring.

The Solution
Blend’s updated LO Toolkit for 3+ Borrowers empowers your loan teams to efficiently and accurately process qualify applications with three or more borrowers. By enhancing the credit pull workflow, loan structuring capabilities, and AUS submission workflow, this solution enables you to:

• Run joint or separate credit pulls across all borrower pairs, based on application structure
• Structure and compare loan scenarios using a complete view of each borrower’s assets, income, and liabilities—ensuring the best possible qualification path
• Accurately submit to AUS for these more complicated loan scenarios while enforcing both Fannie and Freddie’s maximum borrower count limits (four and five borrowers, respectively)

Solution Highlights

• Enhanced Credit Pull Workflow: Updated to support credit pulls across 3+ borrower pairs, ensuring comprehensive credit assessment  
• Improved Loan Structuring Capabilities: Enables loan teams to efficiently structure and compare loan scenarios for applications with 3+ borrowers  
• Streamlined AUS Submission Workflow: Updated to support AUS submissions for 3+ borrowers, ensuring accuracy and efficiency in the underwriting process  

This enhancement builds upon the existing LO Toolkit features, providing a more robust and versatile solution to help your business manage complex loan applications.

Ultimately, this feature will lead to:

• Increased efficiency in processing complex loan applications
• Reduced risk of errors in credit assessment and underwriting
• Improved loan officer productivity and borrower satisfaction

For more information about this capability, get in touch with your Customer Success Manager or schedule time to talk with us.

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