Changing co-barrowers on a loan

[Nate Castle]

Can someone who works in th lending industry help me out? I am in contract for a property with a partner and my partner wants to back out of the deal. My question is, is it possible, and how long would it take to remove him from the loan application and add a different co-signer? I do not have to much time as the sellers have already extended a month and are very eager to close. Please help if you can! Thank you!