Request against approval
The requested amount, the approved amount, the value both rest on, and the limit the approval sets, with the computation shown.
For loan officers, credit leads and closers at multifamily lenders
The call says it is done. The file says it is not.
Bring a copy of your pipeline, the approval, the term sheet draft, and the documents received so far into one revisable Decision Update. Modyl holds what was said on the call against what the documents show, and keeps every unresolved condition open with an owner until closing. Name the person who owns the credit decision.
Request accessAccess is limited. A person reviews every request.
The job you bring to Modyl
Reconcile what was said about a deal with what the documents show, and carry every unresolved condition to closing.
It starts when the pipeline review call starts, a borrower sends a document, or a term sheet is ready to go out.
Modyl works from a copy of the pipeline and the documents you bring into the Room. It is not connected to your loan origination system and does not write back to your live sheet.
Modyl prepares
Turns each update spoken on the call into a proposed edit on your copy of the pipeline. Nothing changes until you accept it.
You get Proposed pipeline edits
Modyl asks
Asks which deal you mean when an update could fit two sponsors with similar names, before any row moves.
Modyl checks
Recomputes loan to value from the figures in the file against the limit in the approval, and keeps a condition open when its document contradicts what was said.
You get Exception register
Modyl watches
When a new document arrives in the Room, reads it against the open conditions. A copy it has already seen raises nothing, and earlier findings stay on the record.
Modyl checks
Reads the term sheet draft against the approval, term by term, and quotes both wherever they disagree.
You get Term sheet comparison
Modyl prepares
Drafts the closing handoff with a link and an owner on every open line.
You get Closing handoff draft
A person decides
The credit lead decides each exception, and you accept the handoff before it reaches the closer. An accepted edit is never a credit decision.
You get Accepted handoff
The decision problem
A pipeline review updates the sheet. It rarely updates the evidence.
Status moves on the call. Someone says insurance is done, the sponsor wants more proceeds, the term sheet went out yesterday. The sheet is edited from memory, and the approval, the binder, and the draft terms are left to agree with it later. What reaches the closer is a list of conditions marked clear that nobody tied to a document, and a requested amount that quietly outgrew the amount credit approved.
- 01
The same deal, under two names
Sponsor entities with similar names are kept apart by deal ID, never by a name heard on a call. When an update could belong to two deals, the question goes back to whoever said it before any row moves.
- 02
The request kept apart from the approval
A larger request is a new number beside the approved one, not an edit to it. Leverage is computed from the figures in the file and set against the approval limit, so an exception shows up as arithmetic rather than as an impression.
- 03
A condition clears on its document
Insurance, title, and entity documents clear when the document says so. A binder that reads quotation only leaves the condition open whatever the status note says, and the note is kept as something someone wrote, with its time.
- 04
A handoff the closer can work from
Every open condition, the exception waiting on credit, and the draft terms that disagree with the approval, each linked to the cell, passage, or document behind it, and each with an owner.
The reviewable artifact
A Decision Update that carries the exceptions to the closing table
The pipeline sheet says where a deal stands. This record says why, and what still has to be true before funds move.
Exception register
Each exception, whether it lacks evidence, needs review, or fails a rule credit approved, who owns it, and whether credit has seen it.
Draft terms against approval
Each term in the draft that differs from the approval, quoted from both documents.
Closing handoff
Open conditions with owners and links, written for a closer who was not on the call.
Example of a held verdict. Not a customer record.
Held. This deal does not go to closing on the file as it stands.
Missing proof
- The requested amount on the current sheet puts loan to value above the limit in the approval, and credit has not reviewed the larger request.
- The insurance document in the file is a quotation that states coverage is not bound, so the insurance condition stays open.
- The term sheet draft carries the requested amount rather than the approved one, and nobody has reconciled the two figures.
A held verdict is a refusal to settle with the missing proof named. It is the state most tools cannot represent, and it is what makes a Decision Update worth reading when the answer is not ready.
What this does not underwrite
It does not approve a loan, does not screen or rank a borrower, and does not write to your loan origination system or your live pipeline sheet. It works from the copy you bring. A missing document is recorded as missing and never as a reason to decline, and an edit you accept in the Room changes that copy, not a credit decision.
What to bring: Bring a copy of the pipeline with a stable ID for each deal, the approval for the deal under review, the term sheet draft, and the condition documents received so far. Share only what your firm permits, and leave borrower personal data out unless your policies allow it.
Access
Request access to the cohort.
Request access for a bounded cohort of lending teams carrying open conditions from the pipeline review to the closing table.
Access is by invitation today. A person reviews every request, and a request does not grant admission, an invitation, an account, a Room, entitlement, or payment access.