Borrowers Certification Authorization Form PDF Details

The Borrowers' Certification and Authorization form is a pivotal document in the mortgage application process, serving as a comprehensive agreement between applicants and lenders. It plays a multifaceted role, initially by having borrowers affirm the accuracy and completeness of all the information they have provided in their loan application—ranging from the loan’s purpose and downpayment sources to detailed employment, income, and financial liabilities. This certification is crucial, as it explicitly reminds applicants of the legal implications of providing false information, including potential fines or imprisonment under federal law. Concurrently, the form empowers lenders and, if applicable, mortgage guaranty insurers to verify the information submitted by the applicants to ensure its truthfulness, which may involve contacting employers, financial institutions, or other relevant entities. Furthermore, it authorizes the lender not only to conduct such verifications before closing the loan but also as a part of ongoing quality control programs. Importantly, the form also contains provisions for the lender to share the borrower's information with potential investors or others involved in the financing process. The authorization assures that a copy of the form is as valid as the original, maintaining the document’s integrity and applicability throughout the loan's lifecycle. This intricate blend of certification of integrity by the borrowers and authorization for information verification and sharing underscores the form’s significance in safeguarding the interests of all parties involved in the mortgage lending process.

QuestionAnswer
Form NameBorrowers Certification Authorization Form
Form Length1 pages
Fillable?No
Fillable fields0
Avg. time to fill out15 sec
Other nameswells fargo borrower certification, borrowers certification authorization, borrowers authorization forms fillable, borrowers certification authorization pdf

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BORROWERS' CERTIFICATION AND AUTHORIZATION

CERTIFICATION

The Undersigned certify the following:

1.I/We have applied for a mortgage loan from_____________________________________. In applying for the loan, I/We completed a loan application containing various information on the purpose of the loan, the amount and source of the downpayment, employment and income information, and the assets and liabilities. I/We certify that all of the information is true and complete. I/We made no misrepresentations in the loan application or other documents, nor did I/We omit any pertinent information.

2.I/We understand and agree that ___________________________________________reserves the right to change the mortgage loan review processes to a full documentation program. This may include verifying the information provided on the application with the employer and/or the financial institution.

3.I/We fully understand that it is a Federal crime punishable by fine or imprisonment, or both, to knowingly make any false statements when applying for this mortgage, as applicable under the provisions of Title 18, United States Code, Section 1014.

AUTHORIZATION TO RELEASE INFORMATION

To Whom It May Concern:

1.I/We have applied for a mortgage loan from ________________________________. As part of the application process, _____________________________________ and the mortgage guaranty insurer (if any), may verify information contained in my/our loan application and in other documents required in connection with the loan, either before the loan is closed or as part of its quality control program.

2.I/We authorize you to provide to ________________________________ and to any investor to whom ___________________________________ may sell my mortgage, any and all information and documentation that they request. Such information includes, but is not limited to, employment history and income; bank, money market and similar account balances; credit history; and copies of income tax returns.

3.____________________________________ or any investor that purchases the mortgage may address this authorization to any party named in the loan application.

4.A copy of this authorization may be accepted as an original.

Borrower Signature

 

 

Co-Borrower Signature

 

SSN:

Date:

 

SSN:

Date:

BORCERA.frm-calyx-9/98

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1. To start with, when completing the borrowers certification authorization pdf, start in the part with the next fields:

Filling in segment 1 of certification authorization form sample

2. Once the last part is completed, it's time to add the needed specifics in connection with the loan either, IWe authorize you to provide to , whom may sell my mortgage any and, documentation that they request, and income bank money market and, returns, or any investor that purchases, this authorization to any party, A copy of this authorization may, Borrower Signature, CoBorrower Signature, SSN, Date, SSN, and Date so you can move on to the 3rd stage.

A copy of this authorization may, documentation that they request, and connection with the loan either inside certification authorization form sample

Always be extremely attentive when filling out A copy of this authorization may and documentation that they request, since this is where most users make errors.

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