Fernandes & Company is the outsourced underwriting desk for private lenders, debt funds, banks, credit unions, and loan brokers. Send us the loan file. It comes back as a committee ready credit package: standardized financials, underwritten NOI, loan sizing, borrower and guarantor credit analysis, stress testing, and a credit memo. Most files in 24 to 48 hours. Built by a principal with 300+ closed transactions and $5B+ underwritten.
Instead of assigning the file to one of your analysts, send it to us. We handle the underwriting file end to end, as an independent third party on F&Co letterhead, or white labeled inside your templates and credit policy.
Document checklist, T-12 normalization, rent roll standardization, and PFS and SREO standardization. The raw borrower package becomes underwriting ready data.
Underwritten NOI, collateral valuation and appraisal review, market rent and occupancy analysis, and loan sizing against DSCR, debt yield, LTV, and LTC.
PFS and SREO analysis, global cash flow, liquidity and net worth, contingent liabilities, guarantor strength, and sponsor track record.
Rate, rent, vacancy, and exit sensitivities. Rollover and tenant concentration. Refinance test. Risk identification and mitigants.
Credit memo, recommended loan structure, conditions and exceptions. A committee ready package in a consistent format your credit team learns to read fast.
Judge the depth before you send a file. Complete sample deliverables using anonymized, representative data. The same structure and standard every engagement receives.
Full borrower credit read: PFS and SREO analysis, liquidity, net worth, global cash flow, contingent liabilities, and credit recommendation.
Property level underwriting: normalized T-12 and rent roll, underwritten NOI, loan sizing, DSCR, debt yield, LTV, refinance test, and sensitivities.
The full file distilled for committee: loan summary, borrower, collateral, underwritten metrics, risks, mitigants, and recommended conditions.
Every engagement also delivers the underlying Excel workbooks alongside the reports: a borrower level credit workbook (PFS, SREO, liquidity, global cash flow, contingent liabilities) and a deal level underwriting model (rent roll, P&L, debt sizing, refinance test, sensitivities). Your credit team gets the analysis and the math behind it.
Built for irregular deal flow and overflow. Send a file when one comes in. Flat fee per file, no fixed cost between deals. Volume spikes covered, slow months cost nothing.
A defined number of files per month on retainer. Recurring volume underwritten on one consistent clock, with priority turnaround and volume pricing.
We work inside your templates, credit policy, and workflow. Your formats, your letterhead, your process. To your committee and your borrowers, it is your underwriting department.
| F&Co | Full Time Underwriter | |
|---|---|---|
| Fixed payroll and benefits | No | Yes |
| Recruiting and training cycle | No | Months |
| Capacity | Scales with flow | Fixed |
| Per file pricing | Yes | No |
| 24 to 48 hour turnaround | Yes | Depends |
| White label option | Yes | N/A |
| Reviewed by a principal | Every file | Depends |
Our principal has sat on the borrower side of 300+ closings and underwritten $5B+ in assets. We know how sponsors construct their underwriting and present loan files. That is exactly where an independent credit read earns its fee.
"Mark was fast and efficient. He did exactly what I needed and was very knowledgeable. I will definitely hire him again."Client Anonymized by request
Loan brokers use the same product in reverse: an independent credit read that strengthens the borrower package before it reaches the lender. It surfaces and fixes the flags that would otherwise kill the file in committee. Pair it with borrower data room prep and PFS standardization for a complete submission.
Instead of assigning a loan file to an in house analyst or underwriter, you send it to us. We take it from document intake through a committee ready credit package: standardized financials, underwritten NOI, loan sizing, borrower and guarantor credit analysis, global cash flow, stress testing, risk identification, and a credit memo with recommended structure and conditions.
Private lenders, debt funds, banks, credit unions, and loan brokers. Shops with real deal flow that do not want fixed underwriting payroll, and credit teams that need overflow capacity or an independent third party read.
Credit: DSCR, debt yield, LTV, LTC, global cash flow, guarantor analysis, liquidity and net worth, contingent liabilities, PFS and SREO, sponsor track record, and exceptions. Collateral: as is and stabilized value, cap rates, appraisal review, market rents, occupancy, rollover, tenant concentration, and TI and LC exposure. Loan: bridge, permanent, construction, acquisition, refinance, and transitional structures.
Three. Per file for irregular deal flow. Dedicated monthly capacity for recurring volume. A white label underwriting desk where we work inside your templates, credit policy, and workflow.
24 to 48 hours for most files once the borrower package is received. Dedicated capacity arrangements keep recurring file flow on the same clock.
Yes. A third party work product delivered on Fernandes & Company letterhead, or white labeled on yours. Either way the analysis is independent of origination pressure.
Tell us about your file flow. We will scope a per file, dedicated capacity, or white label structure that fits how your shop works, and quote it on the call.
Schedule a ConsultationNo commitment. No pressure. Just a straight conversation.