Overview
Remove a borrower from a joint credit report after the original report has been submitted. This process gives you the flexibility to update the report and exclude a borrower based on new information or changing requirements.
Remove a borrower from a joint credit report
Follow these steps to remove a borrower from a joint 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.
Remove the borrower or co-borrower details from the 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, locate the joint report you want to update to remove a borrower.
From the Actions dropdown menu, select Remove Borrower.
In the Remove Borrower popup, review the borrower information currently associated with the loan file and identify the borrower who will be removed from the credit report. If the information is correct, click Confirm Removal. The Order Summary screen displays.
Follow these steps to remove a borrower from a joint 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.
Remove the borrower or co-borrower details from the 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, locate the joint report you want to update to remove a borrower.
From the Actions dropdown menu, select Remove Borrower.
In the Remove Borrower popup, review the borrower information currently associated with the loan file and identify the borrower who will be removed from the credit report. If the information is correct, click Confirm Removal. The Order Summary screen displays.
Outcome
You can remove a borrower from a joint credit report after the original report has been submitted.