Can someone be on title and not on loan?

[Jeremy Taylor]

I'm trying to buy an REO from a wholesaler. Due to the contract being NON assignable he has suggested we leave him on title with me and quit claim him off after closing. I understand the strategy and I like the idea of avoiding the costs associated with a double closing but it makes me nervous because my lender is saying he needs to be on my loan as a joint venture. Does anyone know if I can get a loan(hard money) by myself with him on title?

Also how would you recomend I protect myself in this scenario. Can I write up a contract stating his intention pre close of escrow?