Underwriting & Metrics Soft Pull A credit check that doesn’t affect the score, often used for pre-qualifications.
Underwriting & Metrics Stated Income Loan A loan approved based on the borrower’s reported income without full verification.
Underwriting & Metrics Stress Test Underwriting at a higher hypothetical rate to ensure the borrower can still afford payments.
Underwriting & Metrics Tri-Merge Report A combined credit report pulling data from Equifax, Experian, and TransUnion.
Underwriting & Metrics Underwriting The lender’s process of evaluating a borrower and property to determine loan risk.
Underwriting & Metrics VOD Verification of Deposit — confirms account balances with a borrower’s bank.
Underwriting & Metrics VOE Verification of Employment — a document confirming a borrower’s job status and income.
Working Capital & Micro Funding Bridge Capital Short-term funding to bridge a gap between immediate needs and longer-term financing.
Working Capital & Micro Funding Crowdfunding Raising small amounts of capital from many people, often online.
Working Capital & Micro Funding Daily ACH Debit MCA repayment method automatically debiting from business bank account daily.
Working Capital & Micro Funding Daily Repayment Short-term loan repayment structure with small daily ACH debits.
Underwriting & Metrics Hard Pull A credit inquiry that may affect a credit score, usually for new credit applications.
