FAQs

Is my spouse required to sign documents even though they aren’t on the loan?

Pennymac requires Non-Borrowing Spouses (NBS) to receive and sign the Initial Closing Disclosure in states with Community property, Homestead or Dower/Curtesy laws. The Closing Disclosure (CD) is the second of the two documents central to disclosure process that follows the Loan Estimate (LE) you have already received. For Texas Cash-out loan (called Texas A(6) loans) the NBS must also sign a Final Closing Disclosure sent 24 hrs before your closing. At Closing, they will also be required to sign the Non-Title Spouse documents (Deed of Trust, Notice of Right to Cancel (Rescission) and Closing Disclosure).