Compare the two on numbers you can count: three analyst days are about 24 working hours at your own hourly rate, while an AI underwriting run, Titleman's for example, takes about an hour at the measured median and returns a memo plus a live Excel model with about 1,000 data points. Titleman does not print a per-deal price on this page, so the AI side of your comparison is your agreement's cost per deal plus the analyst hours spent checking the output.
Published by Titleman, which makes one of the tools compared. Updated 19 October 2026.
Put both on one line
| Line | Analyst builds it | AI run, analyst checks it |
|---|---|---|
| Clock time | About 3 working days (24 hours) | About an hour at the median; one run in ten above about an hour and a half |
| What comes back | The model your analyst builds | A memo and a live Excel: 10-year pro forma, sources and uses, loan schedule, DSCR, debt yield, IRR, sensitivity grids |
| Data points | Whatever the analyst collects | About 1,000: 159 found with a source and date, 607 computed by formula, 164 named as missing (medians) |
| Analyst hours | 24 | The time to check the output: not measured by us, count your own |
| Cost per deal | 24 hours times your rate | Your agreement's cost per deal plus review hours times your rate |
The arithmetic for the analyst side is yours: 24 hours times the loaded hourly rate you pay. We do not claim a percentage saving or a number of analysts replaced, because we have no measured baseline for your team.
Where the analyst's time goes instead
The known part of underwriting is collecting: rent roll into the model, expenses from the T-12, comps, debt terms. The part that usually gets less time is the list of what is missing. A median run hands the analyst 164 named gaps and 607 formulas that can be checked cell by cell. The review is real work, and it is the work that changes a bid.
What it costs in time: underwriting about an hour at the median on production runs in the 30 days to 13 October 2026; a value opinion, if a first view is enough, about 40 minutes.
How to run a fair comparison
- Pick a deal you already closed, with your own model as the answer key.
- Run it and time the clock from request to delivered files.
- Have your analyst check the output to the standard of your file, and time that.
- Put both times and both costs on the table above.
What a full package contains is described in what's included in a commercial underwriting package, and how investors choose tools in the AI tools for real estate investors list. The product itself is on the underwriting page.
FAQ
Does AI underwriting replace the analyst?
No. It moves the analyst from assembling to checking. The named gaps still need a person to ask the broker.
How long does the analyst review take?
We have not measured it. Time it on one closed deal of your own.
Will two runs on the same deal give the same returns?
Not always: underwriting runs can differ on a repeat, which is why every input shows its source and every result its formula.
Request a demo with a deal you already closed and count the hours yourself.