Authorization to Obtain Credit Report

This authorization permits Ladder to obtain your credit report for one of the purposes described below.

Last updated August 28, 2020.

By requesting a loan from Ladder Labs Corp. (“Ladder”, “us”, or “we”), you authorize us or our agents, to obtain a credit report from one or more consumer credit reporting agencies.

We may use the credit report for any purpose that would be authorized by applicable law in connection with a credit transaction involving you and involving the extension of credit to you or review or collection of your account, including but not limited to (i) for authentication purposes, to make sure you are who you say you are; (ii) to make credit decisions; (iii) for internal modeling and analysis purposes; (iv) to administer the sale of your loan in its entirety; (v) to determine how much debt you currently have, in order to determine your debt-to-income ratio; (vi) to obtain your credit score and assign you a rating based in part on that score; and (vii) to obtain information and characteristics from your credit report from one or more consumer credit reporting agencies.

You authorize us to verify information in your credit report and your loan request, and you agree that Ladder or its agents may contact third parties without further notice to you to verify any such information. We may obtain your credit report each time you request a loan and at any other time in our sole discretion, including in connection with loan servicing or collection.