Underwriting from the address or the deal files.A live Excel model and an IC-ready memo, every figure with its source and date.
Ready for your model
| Year 1 NOI | $171,703 |
| Going-in cap rate | 4.29% |
| Last recorded sale | $4,000,000 |
| Units on record | 21 or 26 |
| Workbook | 12 sheets |
4 red flags for your review
Year 1 NOI · $171,703 · Workbook · sheet «Income & NOI» · Every input dated; gaps named, not filled
Run on 4 October 2026 as a benchmark, shown as a sample with the address withheld. Not a client deal.
Run time: about 58 minutes · median of 44 production runs, 30 days to 18 October 2026.
What comes back
The model, the memo and the questions for the seller
- XLSXUnderwriting model · 12 sheets · live formulas
- PDFIC-ready memo
- Figure
- Year 1 NOI · $171,703
- Produced by
- Underwriting model, live formula
- Where it sits
- Workbook · sheet «Income & NOI»
- Rule
- Every input dated; gaps named, not filled
- 01
A live Excel model
Income and NOI, the rent roll and the comps on their own sheets, with formulas your analyst can change. The language model proposes; the workbook does the arithmetic.
- 02
Every figure with its source and date
Each input says where it came from and when. Where the record is silent, the gap is named, not filled.
- 03
Disagreements named, not averaged
When two records give 21 and 26 units, both are shown with where each came from, and the item is flagged for review.
- 04
An IC-ready memo and the red flags
The memo is written from the model, and the risks the run found come back as red flags with the questions to put to the seller.
- 05
Your assumptions, every time
Your team keeps one assumption set: change a value, switch a line off or add your own, and it rides with every underwriting.
When the seller’s files arrive
What the documents support, line by line
Check this loan package before committee. Does the broker’s NOI hold?
The gap is in the pro forma
| T-12 actual NOI | $466.9K |
| Titleman lender NOI | $517.5K |
| Broker in-place NOI | $614.5K |
Insurance, maintenance and contract services cuts not supported by the T-12
Insurance · $60,907 in the OM · OM p.33, in-place column; T-12: $98,583 paid · Every figure with its page or cell
From a real loan package. Names removed, every money figure scaled by one factor; ratios unchanged.
Run time: about 58 minutes · median of 44 production runs, 30 days to 18 October 2026.
Questions teams ask first
- What do we need to send?
- An address is enough to start: the run reads the property record and builds the model from it. The OM, the rent roll and the T-12 make it the deal’s own, figure by figure.
- How long does it take?
- About 58 minutes from the request to the delivered files: the median of 44 completed production runs in the 30 days to 18 October 2026, measured by one clock for every product.
- Does the AI calculate the returns?
- No. The language model reads the documents and proposes; the arithmetic sits in a workbook with live formulas, so your analyst can trace and change any cell.
- Can we set our own assumptions?
- Yes. Your team keeps one assumption set, and it rides with every underwriting your people run.
- Where does the answer arrive?
- In the app, or by email: forward the deal to [email protected] and the files come back in the same thread, where your team can reply with a question or a change.
- Who signs it?
- Your people. Every output is a draft for a licensed professional to review and sign. Titleman is not a broker, appraiser or law firm.
- Are our files used to train models?
- No. Your rent rolls, models and data rooms are used to answer your jobs and nothing else, and each firm’s data is kept apart from every other firm’s.
Underwriting
Underwriting on every deal your team receives
Book a demo for your team. We map how deals reach your desk today, set the engine to your assumptions, and agree which process moves first.
No trial: a pilot on agreed numbers, 14 days at most.
Titleman is not a broker, appraiser or law firm. Underwriting is a draft for your team to review; the decision stays with your committee.