Soft Approvals
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  1. #1
    Senior Member Reputation points: 49940
    Join Date
    Aug 2014
    Posts
    620

    With the amount of deals we get daily its not possible to do a full underwrite on a file. Our initial check is credit, generic clear report, and review of the statements submitted. We figure the rest out when it gets to log in, we know pretty quickly whether the deal is good to fund or not after that.

  2. #2
    Quote Originally Posted by Anthony@fundry View Post
    With the amount of deals we get daily its not possible to do a full underwrite on a file. Our initial check is credit, generic clear report, and review of the statements submitted. We figure the rest out when it gets to log in, we know pretty quickly whether the deal is good to fund or not after that.
    facts.

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