Avatar's Blog

» Closing Documents - Credit Authorization Form

Posted on 6/9/2005
Avatar Financial Group is an institutionally funded hard money commercial lender. We require that a current copy, pulled by Avatar, of the borrower's credit score is in the files beofre closing. We do not lend money based on the credit score. The purpose of obtaining the record is to confirm the validity of the request by the borrower. It helps to provide a complete picture of the borrower. In many cases, borrowers come to Avatar for a commercial loan to bridge the gap between a time when their credit scores are low and the time when they have improved those scores are able to obtain conventional mortgage financing.

The Credit Authorizaiton Form takes only a moment to sign and is one of the simplest requirements to fulfill in the loan package required by Avatar before funding. Sign in blue ink, so that anyone will know that the page contains an original signature.
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