Why this document matters
When a borrower’s application indicates no current housing expense or that they are living rent-free, this form is utilized to corroborate that information with the third-party homeowner, such as a landlord, parent, relative, or friend. Without third-party corroboration, lenders cannot verify rent-free status or accurately calculate DTI, as zero housing costs significantly impact qualification. Third-party validation provides independent confirmation from the property owner that the borrower’s stated housing situation is accurate.When this document is requested
This document is requested when:- Borrower reports no rent or mortgage payment
- Application shows zero housing expenses
- Underwriting requires third-party verification of living arrangement
- Need to validate rent-free status with property owner/landlord
Required data fields
Loan information fields
| Field Name | Type | Required | Data Source | Notes |
|---|---|---|---|---|
| Loan number | String | Yes | Loan entity | Alphanumeric identifier |
| Borrower name | String | Yes | Borrower entity | Full legal name |
| Co-borrower name | String | Conditional | Borrower entity | Required if co-borrower exists |
| Subject property address | String | Yes | Loan entity | Full street address of property being financed |
Current living arrangement fields
| Field Name | Type | Required | Data Source | Notes |
|---|---|---|---|---|
| Current residence address | String | Yes | User input | Full street address where borrower currently resides |
| Is currently residing | Boolean | Yes | User input | Yes/No checkbox |
| Residence start date | Date | Conditional | User input | Required if “Is currently residing” = Yes, format: MM/DD/YYYY |
| Pays rent or contributes | Boolean | Yes | User input | Yes/No checkbox |
Third-party verification fields
| Field Name | Type | Required | Data Source | Notes |
|---|---|---|---|---|
| Verifier name | String | Yes | User input | Full name of person verifying |
| Verifier relationship | Enum | Yes | User input | Enum values: PARENT, LANDLORD, RELATIVE, FRIEND, ROOMMATE, OTHER |
| Verifier signature | Signature | Yes | E-signature | Digital signature with timestamp |
| Verification date | Date | Yes | E-signature | Auto-populated on signature |
Suggested questions for data collection
| Question | Response Type | Validation |
|---|---|---|
| ”What is the borrower’s full name?” | Text input | Auto-populated from borrower entity |
| ”What is the co-borrower’s full name? (if applicable)“ | Text input | Auto-populated if co-borrower exists |
| ”What is the subject property address?” | Text input | Auto-populated from loan entity |
| ”Question 1: What is the address where the borrower currently resides?” | Text input | Required, full street address format |
| ”Question 2: Is the borrower currently residing at the above address?” | Yes/No | Required |
| ”Question 3: If yes, when did the borrower start living at this address?” | Date | Required if “Is currently residing” = Yes, format: MM/DD/YYYY |
| ”Question 4: Does the borrower pay rent or contribute to housing expenses?” | Yes/No | Required |
| ”What is your full name? (Person verifying)“ | Text input | Required, min 2 words |
| ”What is your relationship to the borrower?” | Enum selection | Required, select from enum values: PARENT, LANDLORD, RELATIVE, FRIEND, ROOMMATE, OTHER |
| ”Please sign and date this document” | E-signature | Required, includes timestamp |