DSCR loans,
reimagined
Faster, simpler, & automated
Streamline DSCR loans with AI automation—close faster, reduce costs, and eliminate manual processes.
Automation from application start to fulfillment
- No appraisal required under $400K, no title insurance, and no underwriters—just fast, efficient loan processing.1: Navigates to numbered disclaimer
- Figure uses AI and automated workflows to simplify the DSCR loan lifecycle for seamless fulfillment.
Speed and savings
- Figure can fund loans in as few as 5 days by automating loan processing.
- Standardized and streamlined underwriting reduces cost to originate a DSCR loan by up to 80%.
Figure’s LOS is purpose-built for DSCR
- No technology system or platform has been purpose-built for DSCR loan origination, until Figure.
- Take advantage of the 50% annual growth in DSCR originations to drive more business.
Leveraging AI to simplify the DSCR application process
- 1
Initial offer
- Only soft credit pull needed
- Fast pre-approval
- 2
Automated processing & streamlined underwriting
- Real estate tax verification
- Proprietary monthly rental calculation
- Insurance verification
- Articles of Incorporation, Certificate of Good Standing, and ID verification
- AVM for DSCR loan of $400k or less
- Asset and HOA verification
- 3
Quick to close
- Close DSCR loan in as few as 5 days w/ third-party API connection and active borrower engagement
| Figure DSCR (Refi to start, purchase to come) | Traditional DSCR Loans | |
|---|---|---|
| Funding speed | As few as 5 days from the start of the application to funding.2: Navigates to numbered disclaimer | On average, DSCR loans require 21 days to fund from the start of the application. |
| Appraisal process | AVM up to $400k loan amount. Appraisal needed for loan amounts above $400k. | Appraisal necessary for all DSCR loans. |
| Title search & insurance | No title insurance is required; only property search is required. | Title insurance is required. |
| Document automation | Advanced OCR and AI to parse LLC, property lease, other property-related documents.3: Navigates to numbered disclaimer | Manual documentation ingestion, underwriting, and processing. |
| Underwriting | Proprietary automated underwriting and process. | Underwriting approval only after satisfying conditional approvals or suspense files with a list of conditions. |
| Ease of use for loan officers | Simple pre-approval process for your client: MISMO upload, lien match, pre-approval with minimal conditions. | Wait up to 72 hours to receive a conditional approval or suspense file with conditions. Extended process to resolve conditions prior to approval. |
Our DSCR Partners
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