The Borrower Authorization Form is a standard lending document that gives lenders written permission to access your financial records. By signing it, you authorize the lender to pull your credit report from Equifax, Experian, or TransUnion. You also allow the lender to contact your employer to confirm your income and work history. In some transactions, the form permits the lender to share your information with third parties such as real estate agents, title companies, or insurance providers involved in the loan. The form is required for mortgage loans, refinancing transactions, personal loans, and SBA business loans. It typically applies only during the active loan application period, so its scope is limited and time-bound. Federal law, including the Fair Credit Reporting Act, requires that lenders obtain this signed authorization before accessing any of your personal financial data. Keeping a copy of the signed document helps you track what you authorized and serves as a record if questions arise during the loan process.
| Question | Answer |
|---|---|
| Form Name | Borrower Authorization Form |
| Form Length | 1 pages |
| Fillable? | No |
| Fillable fields | 0 |
| Avg. time to fill out | 15 sec |
| Other names | borrowers authorization fillable, wfcm borrower authorization print, fillable borrower's authorization form, editable borrower authorization form |