I understand that lenders need to have a full picture of who refers them deals. However, will someone help me understand why a lender would require the authority to pull the ISO owner's personal CREDIT Report? Background report I understand, but credit report?

The lender insists that they don't pull credit, but when I crossed the authority out on the application it was rejected.

No big deal as we were just trying to add an additional C-D funder to our portfolio.

Appreciate the education, thanks.