What does the Borrower Certification and Authorization form allow the lender to do?

The Borrower Certification and Authorization form is essential in the loan application process as it grants the lender permission to access the borrower’s financial records. This access is critical for the lender to assess the borrower’s financial health, verify income, and examine other necessary financial documents that help determine the borrower's ability to repay the loan. By allowing the lender to retrieve this information, the borrower is effectively facilitating a thorough assessment of their financial situation, which is vital for underwriting a loan.

Other options, while generally related to the lending process, do not encapsulate the primary purpose of the Borrower Certification and Authorization form. The form itself is specifically designed for authorizing access to financial records, rather than confirming employment, requesting additional documentation, or directly verifying credit history, which may involve different forms or processes.