Underwrite the property in the package, not the borrower: have the AI check the offering memorandum, T-12 and rent roll against each other and against the market, then compute coverage and debt yield in a live Excel model your credit team can change. Titleman does this in about 58 minutes by measured median, adds the owner of record and recorded mortgages and liens on the property, and names the gaps; it does not check borrower credit, underwrite the sponsor or set a loan amount.
Updated 19 October 2026. Published by Titleman, which makes one of the tools compared.
What the run checks
- The three documents against each other. Rent on the roll against income on the T-12; the offering memorandum's NOI against both.
- Against the market. Rents and expenses next to comparable properties, each comp with a source.
- Value. A value opinion from comps, with the method in the model.
- Coverage and debt yield. Calculated in Excel with live formulas, so your rate, amortization and stress cases replace ours.
- The record. Owner of record, recorded mortgages and liens on the property.
- Gaps. Named, not filled.
The run takes about 58 minutes by measured median. Medians measured on production runs in the 30 days to 18 October 2026; a median, not a promise. Excel files up to 40 MB are read.
What stays with the credit team
- Borrower and sponsor credit and global cash flow. There is no borrower credit check and no default prediction model.
- The loan amount, structure and policy exceptions. The text gives no loan amount and no approve or decline.
- Ordering the appraisal. A value opinion is not an appraisal.
- Review. Underwriting runs are not deterministic, and repeats can differ, so a credit analyst reviews every result before it goes to committee.
Options compared
| Option | Best for | What it does | Where it stops | Pricing model |
|---|---|---|---|---|
| Credit analyst by hand | Relationship loans with complex borrowers | Spreads statements, models, writes the credit memo | Days per package when volume rises | Salary time |
| General chatbot | Summarizing one document | Answers in chat | Figures not traced; no live model | Monthly seat subscription |
| Third-party loan review | Independent review for policy or examiners | Reviews loans before or after closing | Turnaround per engagement | Fee per loan or per engagement |
| Titleman | Property underwriting from the package | Tie-out, comps, value opinion, coverage and debt yield in live Excel, record and liens | No borrower or sponsor underwriting, no loan amount | Credits per run; ask on a demo |
Where another option is better: borrower credit belongs to your credit analyst; independent review for examiners to a third-party reviewer.
FAQ
Does Titleman underwrite the property or the borrower?
The property, the collateral. There is no borrower credit check, no sponsor underwriting and no default prediction model.
How long does underwriting a loan request package take?
About 58 minutes by measured median on production runs in the 30 days to 18 October 2026.
What does it compute?
A tie-out of the offering memorandum, T-12 and rent roll, comps, a value opinion, coverage and debt yield in live Excel, plus owner of record and recorded liens.
Does it give a loan amount or a decision?
No. The numbers and methods sit in the Excel; the loan amount and the credit decision stay with your team.
Will the same package give the same result twice?
Not always. Underwriting runs are not deterministic, so a credit analyst reviews each result.
Further reading: the best AI tools for commercial real estate lenders, loan file NOI versus the T-12 and DSCR, what debt yield is, cutting loan package review from 5 days to 1 and real estate underwriting AI. To test it on a package you already decided, request a demo.