How do I add a Spousal Consent Waiver and when is it used?

When a Borrower is an Individual they will have the option on the "Borrower" tab to check a box that reads "Is Married (Spouse is NOT executing loan documents)," and a "Spouse Full Name" data field will populate.

Description

If a Guarantor is domiciled in a community property state, property acquired during the marriage is community property and cannot be separated. Consequently, these states typically require both spouses to sign the Guaranty. There are nine(9) community property states: Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington, and Wisconsin.

User Interface

GoDocs Software Output Sample

To view a sample of the generated Spousal Waiver and Consent portion of the documents please click on the link below.

SPOUSAL WAIVER AND CONSENT