Third Party Authorization Form PDF Details

In navigating the often complex and bureaucratic processes involved in mortgage management or modification, homeowners frequently find themselves in need of a liaison to act on their behalf. The Third Party Authorization form serves as a crucial tool in this context, enabling borrowers to officially empower a housing counselor or another designated representative to communicate directly with their mortgage company, lender, and any pertinent entities such as Fannie Mae or Freddie Mac. This comprehensive document captures essential information including homeowner details, contact preferences, mortgage specifics, and the identity of the authorized third party. It delineates the scope of authority granted, permitting the exchange of financial and other significant data between the mortgage holder's chosen advocate and the financial institution managing their loan. Moreover, by including provisions for the involvement of a housing counselor, the form acknowledges the potential complexity of mortgage issues and the value of specialized guidance. The inclusion of a foreclosure sale date, if applicable, underlines the form's relevance in situations of financial distress, making it a pivotal instrument for homeowners seeking to navigate through challenging circumstances without facing them alone. Effectively, this document encapsulates a formal permission slip that opens lines of communication, aiming to facilitate homeowners' management of their mortgage obligations with the support of duly authorized intermediaries.

QuestionAnswer
Form NameThird Party Authorization Form
Form Length1 pages
Fillable?No
Fillable fields0
Avg. time to fill out15 sec
Other namesauthorization letter, thirdparty auth myloancare com, third party auth myloancare, blank third party authorization form

How to Fill Out Third Party Authorization Form

Third Party Authorization Form at a glance

What it is: The Third Party Authorization Form authorizes a Housing Counselor and its employees to speak with and discuss your mortgage loan on your behalf with the Lender and the Mortgage Loan Servicer.

Who signs: The undersigned Borrower and, if applicable, Co‐Borrower, sign under Borrower's Signature and Co‐Borrower's Signature, each with a Date.

A filled-in Third Party Authorization Form example: borrowers authorize a housing counselor

Third Party Authorization Form example filled out, example: borrowers authorize a housing counselor
Jane and John Sample fill out the Third Party Authorization Form. They are FHA borrowers working with a housing counselor, and a foreclosure sale is set. The picture shows the filled page, and all its values are invented. The property address differs from the mailing address. The lender is a different company from the mortgage company. The foreclosure sale is set for June 15, 2027.

How to fill out Third Party Authorization Form, box by box

Homeowner Information

Third Party Authorization Form example filled out, homeowner Information

Under Homeowner Information, fill in Borrower Name, Co‐Borrower Name, Mailing Address and Property Address (if different than mailing address).

Phone Numbers/ Contact Information

Third Party Authorization Form example filled out, phone Numbers/ Contact Information

Under Phone Numbers/ Contact Information, fill in Daytime, Evening, Cell and E‐mail Address.

Mortgage Information

Third Party Authorization Form example filled out, mortgage Information

Under Mortgage Information, fill in Name of Mortgage Company (i.e., Mortgage Servicer) and Loan Number, then Mortgage Company Contact Name, Contact Phone and Contact E‐mail Address.

Fill in Lender Name (if Different Than Mortgage Company) and Loan Number, then Lender Contact Name, Contact Phone and Contact E‐mail Address.

Housing Counselor Agency and Authorized Third Party

Third Party Authorization Form example filled out, housing Counselor Agency and Authorized Third Party

Fill in Housing Counselor Agency and Agency's File Number, then Housing Counselor Name, Contact Phone and Contact E‐mail Address.

Fill in Authorized Third Party, Contact Phone and Contact E‐mail Address.

Loan Type and Foreclosure Sale Date

Third Party Authorization Form example filled out, loan Type and Foreclosure Sale Date

Loan Type lists Conventional, FHA and VA. Foreclosure Sale Date (if applicable) is next to it.

Borrower's Signature and Co‐Borrower's Signature

Third Party Authorization Form example filled out, borrower's Signature and Co‐Borrower's Signature

The undersigned Borrower and, if applicable, Co‐Borrower, sign under Borrower's Signature and Co‐Borrower's Signature, each with a Date.

More rules for Third Party Authorization Form

The Lender, the Mortgage Loan Servicer and the owner of the mortgage loan (such as Fannie Mae and Freddie Mac) are collectively referred to as “Mortgagee,” and each of them is authorized to speak with and discuss the mortgage loan on the borrower's behalf with the Housing Counselor and any Authorized Third Party named on the form.

The Housing Counselor and each of the entities constituting the Mortgagee are each authorized to share with the other any and all information concerning the borrower in their possession including, but not limited to, financial information, without further authorization from the borrower.

The Housing Counselor and its employees are authorized to furnish copies of this Authorization to any of the entities constituting the Mortgagee and such entities may rely on this Authorization.

Sources

[1] Third Party Authorization Form (4/2013) (the Official source link on this page).

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