How does Sherlok handle lenders that require a Third Party Authority (TPA) form?
When a TPA is required as part of a reprice, Sherlok must obtain signatures from both applicants on the TPA form.
Signature methods:
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Wet signature:
Sherlok pre-fills the TPA form and sends it to the broker/admin to coordinate with the clients. Once signed by both applicants, the completed form is returned to Sherlok.
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Digital signature:
Sherlok pre-fills the TPA form and sends it to both applicants via PandaDoc, with the broker CC’d.
📝Refer to the lender requirements to confirm the correct signature type (wet or digital) and the applicable process.