Borrowers must be vested with fee simple in the property. Glossary of Mortgage Terminology.Helping you understand the loan process is important to us. This booklet from the CFPB must be delivered to the potential borrower not later than three days after receipt of a loan application. Franklin has 19 years of experience as a Senior Home Lending Advisor and specializes in preapproval, lending to self-employed clients, condo and co-op lending. Two Borrowers with joint financial information: Complete the URLA plus the URLA-Additional Borrower. Report the assets, liabilities, and real estate for the. Unless otherwise noted, document employment and income in accordance with VA standard policies in VA Lender's Handbook, Chapter 4.