Suppress Loan Estimate Notifications for Non-Borrowing Owners

Date Available: Beta 9/25, Prod 9/25

Which customers are impacted?: Lenders using Empower who opt in.

Required?: No, opt-in.

How to turn on: This will not be automatically enabled for our customers. It will be available beginning on the dates listed above. If you’d like to take advantage of this functionality, please email support@blend.com.

Purpose of Update and Benefit: When a non-borrowing owner is entered in Empower, Blend currently sends them the same Loan Estimate notification and document review task as any other third-party recipient. This update gives lenders the ability to suppress those notifications, while preserving all delivery to borrowers and other third parties.

Current Behavior: When a Mortgage Loan Estimate package (Initial or Revised) is issued, non-borrowing owners entered in Empower (through Contact Information or Interested Parties) receive the "ready" email notification, any reminder emails, and a document package review task, the same as any other third-party recipient.

New Behavior: When suppression is enabled, the following nine non-borrowing owner party types no longer receive the ready email, reminders, or document review task for the Initial or Revised Loan Estimate:

• Non-Title Non-Spouse Ownership Interest

• Non-Title Spouse

• Spouse (when entered as a third party, not a co-borrower)

• Title Holder

• Title Holder Trustee

• Title Holder Settlor Trustee

• Settlor

• Settlor Trustee

• Trustee (when trust holds title to the subject property)

Borrowers and co-borrowers are not affected. Other third-party recipients (such as real estate agents, appraisers, and settlement agents) continue to receive the Loan Estimate as before. Non-borrowing owners continue to receive Closing Disclosure and right-of-rescission notifications.

Note: Suppression applies to all non-borrowing owners on a loan. There is currently no option to exclude individual non-borrowing owners from suppression.

0 Votes