Entity Checklist
A comprehensive checklist outlining the required documents Underwriting needs when the Borrower is an Entity or Trust.
Exception Request Form
ARDRI’s formal exception request form must be fully completed for the credit committee to evaluate the request, document the decision, and record the Exception Approval, Counteroffer, or Denial.
DSCR Pro Forma Operating Statement
For Multi-Family (5+ Units) properties, the Pro Forma Operating Statement must be fully completed to ensure an accurate DSCR calculation. These properties typically incur additional expenses not present in 2-4 unit rental properties.
Condominium Project Questionnaire
A brief Condo Questionnaire, to be completed by the HOA representative, used to assess whether a condo is warrantable or non-warrantable.
Business Purpose Loan Application
Brokers without a Loan Origination System or those needing to originate Business Purpose loans outside of their current system can use this Business Purpose Loan Application form.
Business Purpose Cash Out Letter
A streamlined one-page document designed to specify the use of cash proceeds for Business Purpose loans.
