Borrower frequently asked questions

Lender FAQ

 

Frequently Asked Questions for Lenders

What is Approval Pathway?
A:  Approval Pathway is a secure platform that delivers high-quality, lender-ready commercial loan applications to you.
How does it help my lending team?
A:  It reduces back-and-forth with brokers and borrowers by ensuring complete applications with all required documents upfront.
What types of loan applications will I be able to view?
A:  You’ll be able to view commercial loan applications across industries like real estate, manufacturing, and others.
Can I control which applications I see in the hub?
A:  Yes, our team can set your lending criteria so you only see applications that fit your risk profile and other preferences.
Do I have to be exclusive to Approval Pathway?
A:  No, but Approval Pathway works best when it's used to standardize your entire existing loan intake process for easy reporting.
How does pricing work?
A:  There’s no upfront cost to anyone using the platform. A 0.5% success fee is charged to the borrower and paid to Approval Pathway upon funding.
How much does it cost to use Approval Pathway?
A:  There’s no upfront cost. You only pay a 0.5% success fee when your loan is funded, which is seamlessly handled through your lender.
How does Approval Pathway ensure application quality?
A:  The platform organizes and validates key financial documents, reducing errors and missing information.
Is the platform secure and compliant?
A:  Yes, we use bank-grade encryption and comply with privacy laws like PIPEDA to keep borrower data secure.
Can I invite brokers or borrowers I already work with?
A:  Yes! You can easily invite brokers and borrowers to submit applications through the platform.
How do I get started?
A:  Send us a message and we'll get you set up to start reviewing applications right away. Our team will support you every step of the way.
 
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