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Summary. This certificate of borrower (limited liability company) is a form of officer's certificate delivered by a borrower (that is organized as a limited liability company) to the lender at the closing of an acquisition loan transaction.
A third party authorization form says to your mortgage company that you allow a third party to receive information about you and your mortgage. It may allow the third party to take actions for you. There is no single form used by every mortgage company.
Function: noun. Definition 1: This document has the borrower certify that all the information within the loan application is correct. The borrower's certification and authorization also authorizes the lender to share information in the loan application with other parties.
Borrower Certification means, with respect to any request for a Loan, a certification of the Borrower stating that (i) no Default or Event of Default will occur or be continuing after giving effect to such Loan, and (ii) the proceeds of such Loan will be used solely for Permitted Uses.
I hereby authorize the Lender/Broker to verify my past and present employment earnings records, bank accounts, stock holdings, and any other asset balances that are needed to process my mortgage loan application.
A borrower authorization form is a document that is completed by a borrower to authorize a lender to take certain actions on their behalf, such as obtaining a credit report or obtaining information from a third party. The form typically requires the borrower to provide basic personal information and to sign the form.