A complete first submission is the easiest way to keep an investor deal moving. Lenders cannot evaluate what they cannot see, and each missing item adds a round of emails. This checklist covers what brokers typically gather before sending a file.
The deal summary
Start with a short summary: the property address, the purpose of the loan, the amount requested, the exit plan and the timeline. A reviewer should understand the deal in a minute before opening any attachment.
The property
- Purchase contract or current ownership information
- Photos and a description of the property's condition
- For renovations, a line-item budget and scope of work
- For rentals, current leases or a market rent estimate
The borrower and entity
- Borrower name and contact details
- Entity documents if the loan will close in an LLC or similar entity
- A brief summary of the borrower's experience
- Evidence of the funds the borrower will bring to closing
Keep the file easy to review
Name files clearly, send one organized package instead of many separate emails, and flag anything unusual up front. If something is missing, say so and give a date for when it will arrive. Plain communication builds trust with both the lender and your client.
Set your client's expectations
Explain the process to your client at the start: what documents will be requested, how the loan will be reviewed and who they will hear from. Details vary by lender and by loan, so ask your lender about the specifics of each file.
Common questions
What is the most common reason a deal stalls?
Missing or unclear documents are a frequent cause. Sending a complete, organized package at the start usually reduces delays.
Should I contact the lender before sending a file?
A short call to confirm the loan fits the lender's guidelines can save time for everyone.