DSCR | Business Purpose & Non-Owner Occupancy Certifications

For DSCR loans to be funded and paid, the following are REQUIRED:

Under Loan & Property, make sure the following are selected:

• Business Purpose Loan is CHECKED.
• Alternate Doc Loan is CHECKED.
• “Select Doc Type” drop-down is set to “DSCR - Debt-Service Coverage Ratio.”

 If also a cash-out refinance DSCR loan, the following is also REQUIRED:

• Refinance Type is marked as Cash-Out from the drop-down.
• Borrower(s) must complete and sign/eSign “DSCR Business Purpose & Non-Owner Occupancy Certification” document in ARIVE (This can be automatically added as a client need)
  • Can also be downloaded from our C2C Knowledgebase and sent if wet-sign needed.