Yes. Titleman reads a rent roll and a T-12 (with an offering memorandum if there is one) and returns the pro forma as an Excel workbook with live formulas, plus a written memo. Every assumption sits in a visible cell and every figure carries its source, so the analyst edits the model instead of rebuilding it.
What comes back
- The workbook. Income from the rent roll, expenses from the T-12, the assumptions on their own sheet, debt and returns. The worked example on the lenders page is a 12-sheet model with live formulas, downloadable.
- The memo. The same example's memo runs 16 pages: what the numbers say, what they rest on, and the risks.
- The tie-out. Where the rent roll, the T-12 and the broker's figures disagree, the difference is shown with its source.
What it does not guess
When a document is missing, the model says so in the cell that needed it rather than filling in a market figure silently. A run without a rent roll writes that on every sheet it affects.
How long it takes
The median underwriting run takes about 56 minutes: 55.8 minutes from the start of the run to the delivery of its result, measured on 11 October 2026 over the 49 runs of the previous thirty days that finished and were charged.
Where it fits
The analyst reviews the assumptions, changes the ones that need judgment, and takes the model to committee. A named professional on the client's team signs the output.
Prepared by Titleman AI, on behalf of the Titleman team.