Underwriting intelligence for MCAs
Underwriting memosfor MCAsin 90 seconds
Our goal is simple: lower your default rates. FundMemo runs the full underwriting pass — stacking, NSFs, cash-flow stress, owner risk, the works — then layers seven specialized AI judges on top to catch the deals that look fine on paper but blow up in month three.
- ~90s
- Full memo
- 7
- Judges
- 100%
- Dissent preserved
Sunrise Auto Repair, LLC
Automotive Repair · $350,000 requested
Consistent cash flow with healthy revenue trends. Owner experience strong. Elevated withdrawals require monitoring.
Built to work with the systems already in your stack
MCA-native
Credit & business data
Banking data
Operational signals
Signing & docs
Public records
Models
Built for MCAs
Tuned for the MCA underwriting desk.
Factor rates, holdbacks, daily remits, stacking — the model speaks the dialect of your shop. No retraining your team on a generic credit tool.
Cash-flow honest
Factor-rate & holdback aware
Every memo models the proposed factor, holdback %, and daily/weekly debit against true sustainable revenue — not gross deposits.
Stack-detection
Funder footprints, surfaced
Bank-statement parsing flags concurrent ACH debits from known MCA funders so you see the real position before you fund.
ISO-ready
Submission to memo in 90s
Drop the ISO submission and statements. The bench debates, votes, and returns a committee-grade memo with conditions.
Example flow · Sunrise Auto Repair, $350k requested
- 010s
ISO submission in
Application, 4 months of statements, voided check. Drag-and-drop or LOS push.
- 02~20s
Statements parsed
Deposits normalized, NSFs counted, MCA debits matched against funder registry.
- 03~60s
Seven judges deliberate
Cash-flow, character, stacking, industry, owner, fraud, and devil's-advocate vote with reasoning.
- 04~90s
Memo with conditions
Approve with conditions · 8.6/10. Dissent preserved. Audit trail attached.
The question
What if you could fund the deals that would be successful — yet the numbers scare you off?
The Wedge
The qualitative-judgment layer.
Above statement extraction. Below your LOS. Focused on senior-underwriter judgment. Transparent reasoning with preserved dissent.
Above
Statement extraction
Heron, Ocrolus, Plaid — the raw numbers and metadata.
FundMemo
You are hereThe qualitative-judgment layer
Seven AI judges deliberate. Dissent preserved, reasoning transparent.
Below
Your LOS
Decision routing, doc collection, funding workflow — unchanged.
The deals you're missing
The deals you're missing: Fund the deals the numbers scare you off of.
Some of your most profitable deals look ugly on a scorecard — thin margins, a noisy month, an industry your model penalizes. They perform anyway, because the merchant, the operation, and the context tell a different story than the raw numbers do.
FundMemo reads that context the way a senior underwriter does. Seven specialized judges weigh operational reality, owner profile, industry baselines, and local market signal alongside the statements — so good deals stop getting auto-declined by a number that didn't deserve the final word.
Operational reality, not just margin
Stable cash conversion, healthy supplier rhythm, and clean ops can outweigh a tight DSCR.
Owner and industry context
Tenure, vertical baselines, and local demand reframe a number that looks risky in isolation.
Documented dissent, not a black box
When judges disagree, you see why — so you can fund the upside with eyes open, not gut feel.
From submission to real underwriting decisions
A real memo, in full.
Anonymized. Same structure your team will read on every deal.
FM-2026-48291 · Submitted 2026-05-12
Sunrise Auto Repair, LLC
Automotive Repair · Requested $350,000
Verdict
APPROVE WITH CONDITIONS
Confidence
8.6 /10
Vote tally
5/7
Approve
Executive Summary
Sunrise Auto Repair shows consistent cash flow with healthy revenue trends and acceptable industry risk. Owner experience is strong. The business operates in a stable local market with manageable competitive pressure. Elevated owner cash withdrawals require monitoring.
Conditions (4)
- Verify updated lease agreement covering the next 18 months.
- Require 3 months of bank statements post-funding.
- Maintain minimum DSCR of 1.20x.
- No additional debt without consent.
Vote Breakdown
Each judge analyzes independently. Dissent is preserved, never overwritten.
| Judge | Vote | Confidence | Notes |
|---|---|---|---|
Cash Flow Analyst GPT-5.4 | APPROVE | 8.0 / 10 | Average daily balance of $42,180 across 6 months. Three NSFs in trailing 90 days, all under … |
Business Viability Investigator Claude Opus 4.7 | APPROVE | 8.0 / 10 | 4.6 stars across 312 Google reviews, 9 years in operation, ASE certified. Customer concentra… |
Principal / Owner Analyst o3-pro | APPROVE | 7.0 / 10 | Owner has 14 years industry tenure. No prior bankruptcies or judgments. Two prior MCA positi… |
Industry & Local Market Analyst Perplexity Sonar Pro | APPROVE | 7.0 / 10 | Local automotive repair demand stable. Regional GDP +2.1% YoY. EV transition risk material b… |
Operational Reality Checker Gemini 3.1 Pro | APPROVE | 7.0 / 10 | Street View confirms operational shop, 6 bays, branded signage. Hours posted match deposit c… |
Fraud & Stacking Detector GPT-5.4 | APPROVE | 7.0 / 10 | No daily debits matching known funder patterns. EIN verified. Bank statement metadata intern… |
Red-Team Skeptic Grok 4 | CONDITION | 6.0 / 10 | Thin liquidity buffer — average month-end balance $11,400. A 10% June revenue compression tr… |
Preserved Dissent
- Red-Team Skeptic flags thin liquidity buffer. If June receivables compress 10%+, holdback becomes binding within 14 days.
Audit Trail
Full reasoning preserved per judge. Click to expand.
Our stance: What we will not do.
Better underwriting comes from disciplined judgment, adversarial debate, and transparency. Approve the right deals.
- We do not optimize for approval volume.
- We do not help evade disclosure laws.
- We do not support predatory stacking.
- We do not suppress red flags.
- We do not market this as “approve more deals.”
Our commitment: What we will do.
We strengthen your returns by giving you the right information. The judgment — the approve, decline, or conditions call — stays with you.
- We will surface every material signal on every deal.
- We will challenge weak deals with adversarial debate.
- We will document the reasoning behind every recommendation.
- We will flag conflicting evidence the moment we see it.
- We will leave the approve, decline, or conditions call to you.
Ready to put a senior-underwriter bench behind every deal? Create your account and run your first memo in minutes.
Don't take our word for it. Take ours on your deals.
Book a demo and send us 2 files — current or historical, defaulted deals especially welcome. We'll send back our verdict and the reasoning. Our proof is your results.
Our cost stops mattering once we're right most of the time. Test us before you pay us.
- 1Book a 30-minute demo with the founding team.
- 2Send us 2 deals — defaulted, declined, funded, anything.
- 3Get our verdict, judge-by-judge, plus what we'd have done differently.
What counts as a "file"
- 3–6 months of bank statements
- MCA application packet
- Prior funder memo (optional)
- Owner/business background notes
What you get back
- Verdict from each of the seven judges
- Preserved dissent + recommended action
- Stacking, NSFs, cash-flow stress, owner risk
- What we'd have done differently — and why
Files stay confidential. We use them only to produce your pilot memos and delete originals on request.
Guarantee
We have skin in the game.
If FundMemo recommends APPROVE or APPROVE WITH CONDITIONS, the deal is funded, and the merchant defaults within 120 days, the funder receives a Confidence Credit equal to the full memo fee.
Approve the right deals
Fund what should be funded.
Even when the numbers scare you off.
Senior-underwriter judgment, in every deal you touch. Two files. Our verdict. Free.