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Common Terms 1   Common Terms 2

Borrowers Certification and Authorization

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. It also gives the lender the right to verify information in the loan application, credit application, and employment history. By signing a borrower's certification and authorization, the borrower is willfully giving a way a piece of their privacy.