Property economics drive the loan
Property-level income, expenses, cash flow, occupancy or lease information, and other operating information help the lender understand the asset’s ability to support the proposed debt.
COMMERCIAL REAL ESTATE LOAN ORIGINATION SYSTEM
Commercial Real Estate Loan Origination System
Manage commercial real estate loans from borrower intake through property and sponsor underwriting, approval, closing, and ongoing credit reviews in one configurable LOS. Decipher connects the borrowing entity, property, sponsor, guarantors, ownership structure, related entities, Schedule of Real Estate Owned, and lender-defined CRE analysis within the same loan file.
CRE LOAN ORIGINATION IN ONE WORKFLOW
Bring Property, Borrowing Entity, Sponsor, and Loan Information Into One Connected Process
Decipher is a complete commercial real estate loan origination system for banks, credit unions, and commercial lenders. It connects borrower intake, property information, borrowing entity, sponsor or ownership group behind the loan, guarantors, third-party data, document collection, entity-level and consolidated financial spreading, related-entity underwriting, configurable CRE calculations and criteria, credit-memo preparation, approval, closing, and ongoing credit reviews in one configurable platform.
CRE CREDIT CONSIDERATIONS
CRE Credit Approval Requires the Complete Picture
A commercial real estate loan depends on more than the requested amount. CRE lending teams need to understand the property economics, the sponsor’s financial capacity, the guarantor structure, and whether the proposed loan is appropriately structured around the property’s cash flow and the financial support behind it.
Sponsor and guarantor strength matter beyond the property
Financial statements, tax returns, liquidity, obligations, experience, and guarantor support may materially affect the lender’s view of the loan.
Entity and property ownership can make the file complex
The borrowing entity, property, sponsor, guarantors, ownership structure, related entities, and Schedule of Real Estate Owned must remain connected so the lender can evaluate the full relationship supporting the loan.
Loan structure and conditions matter
Loan amount, term, amortization, collateral, guarantees, covenants, and closing conditions must be evaluated in the context of both the property and the sponsor.
CRE LOAN ORIGINATION WORKFLOW
From CRE Loan Application to Credit Approval
Decipher connects the information and workflow used to evaluate a commercial real estate loan from initial loan request through property and sponsor underwriting, loan structure, approval, closing, and ongoing credit reviews.
- 01
Capture the Loan Request
Start from the lender website, directly in Decipher, from our white-label borrower portal, from Salesforce or HubSpot, or through supported APIs.
- 02
Organize the Borrowing Entity, Property, and Ownership Structure
Capture the borrowing entity, property, sponsor, guarantors, ownership structure, related entities, and loan information required by the lender.
- 03
Collect Sponsor and Property Documents
Gather sponsor financials, tax returns, bank information, property operating information, leases or rent information where used, and other supporting documents.
- 04
Analyze Property and Consolidated Financial Information
Spread financial information for the borrowing entity and related entities, create consolidated financial spreads where applicable, and apply the lender’s configurable CRE calculations and criteria to the underwriting analysis.
- 05
Assess Sponsor, Guarantors, and Related Real Estate Exposure
Bring sponsor and guarantor financial information, liquidity, obligations, experience, related entities, and Schedule of Real Estate Owned into the loan file where required.
- 06
Structure the Loan
Document the proposed amount, term, amortization, collateral, guarantees, covenants, and conditions as applicable.
- 07
Review and Approve
Apply lender-defined criteria, exceptions, credit-memo workflow, and approval routing.
- 08
Close and Carry the File Forward
Support closing documents and e-signature where used, then carry the loan into ongoing credit-review and monitoring workflows.
HOW DECIPHER SUPPORTS CRE LENDERS
Build a Complete View of the Borrowing Entity, Property, and Sponsor
Decipher brings the borrowing entity, property, sponsor, guarantors, ownership structure, related entities, Schedule of Real Estate Owned, financial analysis, lender requirements, and approval workflow into one loan record. CRE lending teams can underwrite the entities individually and consider the consolidated financial picture supporting the loan.
Keep the Borrowing Entity, Property, and Ownership Structure Together
Organize the borrowing entity, property, sponsor, guarantors, ownership structure, related entities, and supporting documents in the same loan.
Spread Entity-Level and Consolidated Financials
Use financial spreading, tax-return analysis, bank information, and other lender-required inputs to analyze the borrowing entity and related entities individually and through consolidated financial spreads where applicable.
Understand the Sponsor’s Broader Real Estate Position
Keep sponsor and guarantor information, liquidity, obligations, related entities, and Schedule of Real Estate Owned connected to the loan so the lender can consider the broader real estate exposure and financial support behind the property.
Underwrite Related Entities as Part of the Loan
Evaluate related property-owning and operating entities alongside the primary borrowing entity so obligations, financial support, ownership relationships, and exposure are considered within the same CRE underwriting analysis.
Apply Configurable CRE Calculations and Credit Criteria
Configure the financial calculations, ratios, required documents, scorecards, criteria, exceptions, conditions, credit-memo workflow, and approval routing the lender uses to evaluate commercial real estate loans.
Carry the Loan into Closing and Review
Reuse information already collected for closing documents and e-signature where used, and maintain the loan file for future credit reviews and monitoring.
COMMERCIAL REAL ESTATE CREDIT ANALYSIS
Bring Property Economics, Sponsor Strength, and Loan Structure Together
CRE underwriting requires the borrowing entity, property, sponsor, guarantors, ownership structure, related entities, and proposed loan structure to be evaluated together. Decipher connects entity-level and consolidated financial spreads, Schedule of Real Estate Owned, configurable CRE calculations, and supporting documents so the lender can understand how the entire relationship supports the loan.
Property Economics
- Property Profile
- Income / Expenses
- Operating Information
- Supporting Documents
- Collateral
Sponsor, Guarantors & Related Entities
- Ownership Structure
- Entity-Level and Consolidated Financial Spreads
- Tax Returns
- Schedule of Real Estate Owned
- Liquidity / Obligations
- Experience where relevant
Loan Structure
- Loan Amount
- Term
- Amortization
- Guarantees
- Covenants / Conditions
Credit Review
- Configurable CRE Calculations and Criteria
- Analysis
- Exceptions
- Credit Memo
- Approval Workflow
A COMPLETE CRE LOS THAT CONNECTS WITH YOUR LENDING STACK
Connect Your CRE LOS to the Systems Around It
A CRE loan application can originate on the lender website, directly in Decipher, from Salesforce or HubSpot, or through supported APIs. Decipher serves as the commercial real estate loan origination system for borrower intake, third-party data, document collection, property and sponsor underwriting, credit analysis, approval, closing, and ongoing credit reviews. It can connect relevant information to core banking, loan accounting, servicing, document, and other operational systems through supported integrations, APIs, and webhooks.
Where Loans Start
- Website
- Salesforce
- HubSpot
- Decipher
- API
Decipher
Origination→Property / Sponsor File→Financial Analysis→Decisioning→Closing / Review
Origination
File
Analysis
Decisioning
Closing
Connected Systems
- Core Banking
- Loan Accounting
- Servicing
- Document Management
- Other Operational Systems
- API
OPERATIONAL IMPACT
Keep the Loan and Related Entities Together From First Look Through Review
When property information, sponsor documents, financial analysis, loan structure, approvals, and future reviews remain connected to the same loan file, the team spends less time reconstructing context as the loan moves forward.
The property and sponsor stay connected
The lending team does not have to reconstruct who owns the property or borrowing entity, who guarantees the loan, and which documents support each part of the relationship.
Financial analysis remains tied to source information
Spreads, tax information, bank data, and supporting documents can stay connected to the loan record rather than living in separate workbooks and folders.
Exceptions and conditions are easier to follow
Required items, notes, criteria, approvals, and closing conditions can remain visible as the loan progresses.
Future reviews start with the existing relationship
Updated documents and analysis can build on the approved file instead of creating a new loan history each time.
CUSTOMER PERSPECTIVE
Built for Complex Commercial Real Estate Lending
“Using Decipher has streamlined much of our lending business. The platform helps provide valuable credit insights and streamlines our credit memo and approval process, which has significantly helped our credit team. It is also connected to our CRM which takes in many different types of commercial loans and the efficiency gains in loans flowing from sales to credit has accelerated our funding speed.”
DECIPHER LOS WORKFLOWS
Explore the Decipher Workflows Used Across CRE Lending
Commercial real estate lenders can use Decipher across the loan lifecycle, from intake and document collection through analysis, approval, and ongoing credit review.
Digital Origination
Capture CRE loan requests from the lender website, CRM, Decipher, or supported APIs.
Commercial Underwriting
Bring sponsor, guarantor, financial, tax, bank, property, and supporting information into one structured loan file.
Decisioning Workflows
Apply lender-defined criteria, scorecards, tasks, exceptions, credit-memo preparation, and approval routing.
Monitoring & Credit Reviews
Carry the approved loan into periodic review and updated analysis workflows.
FREQUENTLY ASKED QUESTIONS
COMMERCIAL REAL ESTATE LOS FAQs
A commercial real estate loan origination system manages the CRE lending process from borrower and property intake through underwriting, credit analysis, approval, documentation, and closing. A complete CRE LOS can also keep the approved loan, sponsor, guarantor, related-entity, and property information connected for ongoing credit reviews. Commercial real estate lending software may address only part of this process; Decipher serves as the complete LOS.
CRE workflows are centered on institutional commercial real estate lending: property economics, sponsor and guarantor strength, entity structure, and the proposed loan structure. The Private Lending workflows are centered on private real-estate lenders and product-specific workflows such as Fix & Flip, DSCR, Bridge, and New Construction. Decipher can support both, and the information emphasis and workflow is configured differently.
Yes. Decipher can organize and underwrite the borrowing entity, property, sponsor, guarantors, ownership structure, and related entities as part of the same CRE loan. The lender can evaluate each relevant entity while keeping the broader ownership and lending relationship connected.
Yes. Decipher supports entity-level and consolidated financial spreading as well as tax-return analysis. Financial information from the borrowing entity, sponsor, guarantors, and related entities can be analyzed individually and combined where applicable within the same CRE loan file.
Decipher can bring property financial information and lender-defined calculations into the CRE underwriting workflow. The lender determines the methodology and remains responsible for the credit judgment.
Decipher can serve as the lender’s complete commercial real estate loan origination system, managing borrower intake, third-party data, document collection, underwriting, credit analysis, approval, closing, and ongoing credit reviews. It does not perform property appraisals or automated property valuations, and it does not replace the lender’s core or servicing system. Decipher can connect with supported operational systems through integrations, APIs, and webhooks.
Yes. A CRE loan application can start directly in Decipher or our white-label borrower portal, on the lender website, in supported CRM integrations such as Salesforce or HubSpot, or through supported APIs.
Yes. The approved loan file can carry forward into periodic review workflows so updated sponsor information, financials, documents, conditions, and analysis remain connected to the relationship.
SEE DECIPHER IN ACTION
See Decipher’s CRE Loan Origination System in Action
Bring us your current CRE loan origination process—from borrower, property, and sponsor intake through financial analysis, loan structure, approval, closing, and ongoing credit reviews. We’ll show you how Decipher can elevate and support the way your institution originates commercial real estate loans.