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Lendai DSCR Loan Process Overview
Using interim financing can shorten the process of providing credit to 3-7 business days.
| Step | Description | Lendai Record Time (days) | Median Time (days) |
| Step 1 – Submitting a Lead | Via: Partner Portal White label Lendesk API – Contact us | 0 | 0 |
| Step 2 – Pre-qualification | On the same business day, we will contact the client and complete the pre-qualification and initial pricing questionnaire. | 0 | 1 |
| Step 3 – Term Sheet | In most cases, we return to the client within 24 hours with a Term Sheet containing all relevant details. | 0 | 0 |
| Step 4 – Appraisal Order and Loan Application | After the client approves the terms, they fill out the loan application with our assistance and receive a payment link for third-party expenses such as appraisal fees. Once the payment is made and the necessary documents are submitted, the appraisal will be ordered. | 1 | 1 |
| Step 5 – File Collection | We collect relevant documents from the client, such as entity documents, bank statements, and other necessary paperwork. | 3 | 7 |
| Step 6 – Processing & Submission | Our team processes the documents and submits the application to the underwriting team. | 1 | 2 |
| Step 7 – Underwriting | The underwriting team reviews the application and documentation and proceeds with the underwriting process. | 2 | 4 |
| Step 8 – Clearing Underwriting Conditions | If there are any conditions to clear, which are usually additional documents, Lendai will contact the client and third parties as needed. | 1 | 2 |
| Step 9 – Rate Lock and Clear to Close | The client receives the final terms of the deal. After their approval, we make the final preparations for closing. | 0 | 1 |
| Step 10 – Closing | Lendai coordinates everything with the title company and the client, schedules a signing meeting, and upon signing, the funds are transferred. | 2 | 4 |
| Total | 10 | 22 |
