Overview
Add a co-borrower to an individual credit report with ease within the Credco™ application. You can quickly add applicants from a previously run credit report, giving you the flexibility to adjust as new information emerges or requirements evolve.
Add a co-borrower
Follow these steps to add a co-borrower to an individual credit report on Encompass® Web.
Sign in to Encompass® Web using your credentials.
From your Pipeline, select the appropriate loan from the list.
From the Forms menu, select Application View, then select Borrower Information.
Enter the Co-Borrower details to your Encompass loan file.
Click Save.
In the left navigation bar, select Services, then choose All Services from the menu.
On the All Services page, click Order Service.
In the Order Service popup, select Credit under Categories, then choose Cotality Credco from the Providers list.
Click Next.
From the Dashboard, find the individual report you want to update with a co-borrower.
From the Actions dropdown menu, select Add Co-Borrower.
In the Confirm Co-Borrower Addition popup, review the borrower information currently associated with the loan file and identify the borrower who will be added to the credit report. If the information is correct, click Confirm Addition. The Order Summary screen displays.
Follow these steps to add a co-borrower to an individual credit report on Encompass® Desktop.
Sign in to Encompass® Desktop using your credentials.
From your Pipeline, select the appropriate loan from the list.
From the Forms menu, select Borrower Summary - Origination.
Enter the Co-Borrower details to your Encompass loan file.
Click Save.
In the left navigation bar, select Services, then choose Order Credit Report from the menu.
On the Credit Report popup, select Cotality Credco.
Click Submit.
From the Dashboard, find the individual report you want to update with a co-borrower.
From the Actions dropdown menu, select Add Co-Borrower.
On the Add Co-Borrower popup, enter all required fields (marked with a red asterisk), including the co-borrower’s Last Name, First Name, and SSN.
Confirm or update the Current Address, Previous Address, and Mailing Address for the co-borrower.
Click Submit. The Order Summary screen displays.
Outcome
You can confidently add a co-borrower to an previously run individual credit report.