How a lender double-checks a borrower's NOI before closing

A commercial real estate lender can handle a borrower's NOI before closing by looking closely at the borrower's income and expense statements. Underwriting rebuilds NOI from the documents and shows where it differs from the borrower's figure, with assumptions listed. ## What to check | Check | Why it matters | |---|---| | Rent roll income vs statement income | Finds overstated revenue | | Expense lines against peers | Finds missing costs | | Vacancy and credit loss | Often assumed too low | | Management fee and reserves | Often left out | | Rebuilt NOI vs stated NOI | The number the loan depends on | ## How Titleman fits Titleman has two services for this work. Underwriting screens a deal from its documents and lists every assumption. Signals sends new deals in your territory. Send one deal to Underwriting and see the result before you decide anything. ## Frequently asked questions **What is the most common NOI problem?** Expenses left out or understated, such as management fees and reserves. **Where can I try it?** See [how Titleman Underwriting works](https://titleman.ai/) and send one deal.