Loan application
$712,400
Stated NOI · page 4 · read with 94% confidence
Every figure in the file, checked against every other figure.
Upload the whole package — appraisal, rent roll, T‑12, bank statements, entity documents, leases. Ravell sorts it, pulls out the numbers that matter, finds what is missing and tells you which figures disagree. You still make every decision.
Built for private commercial real estate lenders writing $1M–$25M.
Nothing to install. A demo takes twenty minutes.
The problem
A single deal arrives as ninety separate files
They come by email, in three batches, badly named, half of them scanned sideways. Somebody on your team opens each one, works out what it is, types the numbers into a spreadsheet, and checks them against the other documents by eye.
It takes most of a day. It is the least valuable work in your firm, and the easiest place to miss something that matters.
Appraisal96 pages
Rent roll3 pages
T‑12 operating statement4 pages
Bank statements15 pages
Operating agreement22 pages
Title commitment18 pages
Executed leases74 pages
Tax returns91 pages
See it work
What Ravell found in a real-shaped file
A $6,450,000 cash-out refinance on a 48‑unit multifamily. Twenty-six documents, 457 pages. The application, the appraisal and the T‑12 each state a different net operating income. Only one of them is the property’s actual performance.
Net operating income
Critical Debt service coverage −$81,200Appraisal pro forma
$698,500
Direct capitalisation · page 66 · 91% confidence
T‑12 operating statement
$631,200
Verified actuals · page 3 · 91% confidence
The application underwrote 4.0% vacancy and left out the $18,400 management fee. Actual vacancy is 9.05%.
Rebuilding income from the T‑12 drops coverage from 1.36x to 1.21x — under the 1.25x floor.
The maximum loan the property supports is $6,230,000, or $220,000 less than requested.
That is one of eight discrepancies in the file. The others include an undisclosed $285,000 home equity line on the guarantor’s residence, a rent roll overstating income by $52,500 a year, and an appraisal 269 days old against a 180‑day policy limit.
What it does
Five jobs, on every file, before anyone opens it
01
Sorts the package
Works out what each document is — appraisal, estoppel, CP‑575, ALTA survey — whatever it was named when it arrived, and files it where it belongs.
02
Pulls out the figures
Loan amount, value, NOI, occupancy, vesting, payoff, guarantor liabilities. Every one recorded with the page it came from and how confidently it was read.
03
Finds what is missing
Checked against your own programme list, not a generic one. Evidence of insurance, a borrowing resolution, the third bank statement — and which of them actually block funding.
04
Finds what does not agree
Every figure compared against every other document in the file. When two say different things, you see both, side by side, with the arithmetic between them.
05
Tracks conditions to close
Prior to docs, prior to funding, post‑closing. Who owns each one, what is still open, and how many days you have left.
—
And then it stops
Ravell does not approve, decline, price or size a loan. It hands you a file that is ready to read. The credit decision stays exactly where it is.
Why you can trust it
Every figure carries its source
Nothing appears without a citation. Click any number and the page it was read from opens with the figure boxed on it. If Ravell was unsure, it says so, and flags the field for a person rather than quietly guessing.
Figure
$631,200
Source
T‑12 operating statement, page 3
Confidence
91%
Below 92%
Queued for human review
Corrections are yours to make. Change any extracted value, say why, and the original stays on the record beside it. Waiving an exception requires a written rationale that travels to committee.
Everything anyone does — your team, the borrower, or Ravell — lands on an audit trail that cannot be deleted.
How it works
Three steps, and the third one is you
1
Drop the package in
Every file at once, in any order, however they were named. PDFs, scans, phone photographs, email attachments. Ravell reads handwriting and crooked scans too, and tells you when it cannot.
2
Ravell reads and cross-checks it
Minutes, not a day. Documents sorted, figures extracted with citations, missing items listed, disagreements surfaced with the numbers side by side, conditions tracked against your programme.
3
You open a file that is ready to read
Three or four things need you, in the order they would hold up a closing. Everything else has been checked.
Export a committee-ready credit memo with every figure cited, and chase the borrower for what is outstanding — from the same screen.
Who it is for
Private commercial real estate lenders, $1M–$25M
Small and mid-sized firms doing enough volume that document review and closing administration have become a real cost. If a deal takes one person the better part of a day before anyone underwrites it, this is built for you.
✓
Owners and managing directors — see the whole book on one screen, and which files are slipping.
✓
Underwriters and credit teams — open a file with the arithmetic already done and the conflicts already found.
✓
Loan administrators and operations — stop retyping figures into spreadsheets and chasing documents by email.
✓
Bridge, DSCR, construction and commercial mortgage — the programme rules are yours to set.
Not built for
- Residential consumer mortgage, which is a different regulatory animal
- Lenders doing two deals a quarter — the maths will not work for you yet
- Anyone wanting software to make the credit decision. Ravell will not do that, by design
Straight answers
The questions we get asked
How accurate is it on real documents?
Accuracy on a clean digital PDF and accuracy on a faxed rent roll are different numbers. Any vendor quoting one figure for both is telling you something unhelpful.
So we do not quote one. Send us ten of your genuinely messy files, we will run them, and we will show you exactly what came back, field by field, before you pay anything.
Anything Ravell reads below 92% confidence is flagged for a person rather than passed through.
Does it replace my underwriter?
No, and it is designed not to. Ravell does the reading, the typing and the cross-checking. It never approves, declines, prices or sizes a loan.
What it changes is what your underwriter is looking at when they start: a file where the arithmetic is done and the conflicts are already on the table.
What happens to our documents?
Your files stay yours. Each firm’s workspace is isolated, documents are encrypted in transit and at rest, and nothing from your files is used to train shared models. We will sign your NDA and walk your IT or compliance people through the detail before you upload anything.
Do we have to change how we work?
No. Ravell sits in front of your process, not inside it. Your programme rules, your document checklist, your condition categories, your credit memo format. If your minimum coverage is 1.30x and you require three months of statements, that is what it checks against.
How long does it take to get going?
A working demo on your own deal takes a day. Getting your programme rules and document checklist configured properly takes about a week of back and forth. There is nothing to install.
Book a demo
Send us a deal you have already closed
The fastest way to judge this is on a file you know inside out. Send the package, we will run it, and we will show you every figure Ravell pulled and every disagreement it found — including anything it got wrong.
No installation. We will sign your NDA before you send anything.