The lender obtains the borrower’s signature on the following Blanket Authorization form to obtain the documentation needed to evaluate the borrower’s creditworthiness.
This borrower-signed document gives the lender blanket authorization to request the information needed to document the borrower’s creditworthiness. I hereby authorize ___________________________ (the “lender”) 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. I further authorize ______________________ (the “lender”) to order a consumer credit report and verify other credit information, including past and present mortgage and landlord references. It is understood that a photocopy of this form also will serve as authorization. The information the lender obtains is only to be used in the processing of my application for a mortgage loan.
The lender attaches a copy of the Blanket Authorization form to each Form 1005 or Form 1006 sent to a verifying institution. The information must be requested directly from the institution. The completed form(s) must be signed and dated, and must be sent directly from the verifying institution.
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