Why this document matters
This document, also referred to as a Joint Access Letter, is required when an asset statement is a joint account and one of the account owners is not the borrower and is not on the loan application. The purpose of this form is to obtain acknowledgement from the co-owner of the account, granting permission for the borrower to utilize the funds for loan qualification. Without this document, joint account funds where non-borrower co-owners haven’t granted access may be excluded from asset calculations, affecting down payment, closing costs, or reserves calculations.When this document is requested
This document is requested when:- Joint account identified in asset statements
- Account co-owner is not a borrower on the loan or loan application
- Underwriting needs confirmation that non-borrower account owners grant permission for the borrower to use the funds
- Funds from the account are needed for down payment, closing costs, or reserves
Required data fields
Loan information fields
Account holder fields
Account information fields
Confirmation field
Signature fields
Note: Account holder signature fields can be repeated for each account holder (up to N account holders), including borrowers, co-borrowers, and additional account holders.
Suggested questions for data collection
Note: Questions marked with “#X” should be repeated for each account holder or account (up to N account holders and N accounts).