Smart Conditions
Know every gap before the lender finds one.
Send the loan with a missing K-1, an NSF or an unsourced $28k deposit, and that is what the underwriter remembers about it. Run it through Rapidio first: every income gap and red flag, with the reason and the fix, on your desk before anyone else's.
No card to start. Comes with every loan: from $9.93 a loan in a bundle, $20 pay as you go.
“Quick and easy to use. Aligning with UW got a lot faster.”
Smith's Home Construction LLC · Mary SmithCritical · 2
- Critical. Most recent 2 years of Form 1065 and all attachments Reason: the 2024 return is not in the loanOpen
- Critical. Most recent 2 years of Schedule K-1 from Form 1065 Reason: the 2024 K-1 is missingOpen
- Review. Liquidity testing passed Informational: current ratio 3.56Review
Mortgage teams and associations that work with Rapidio
Why first matters
Found on your desk, it costs one email. Found on the underwriter's, it costs the loan its first impression.
A gap the underwriter finds becomes a condition, a round trip to the borrower, and a note on the loan that stays. A gap you find first arrives closed, sourced or explained, and the underwriter never writes it down.
How it works
What the loan still needs, and why.
Four screens, drawn from the web app with sample loans. Click a step, or let it play.
Marco's Polo Shop · wage earnerReview · 3
- Review. Verbal verification of employment Handled by the lender before closingReview
- Review. Overtime not included Reason: needs a two-year history of receiptReview
- Review. Employment status to confirm Reason: not stated in the documentsResolve
Smith's Home Construction LLC · partnershipMary Smith
- Most recent 2 years of Form 1065 and all attachmentsCritical · Open
The reasonIn plain words
- Critical. The 2 most recent years of signed and dated business returns (Form 1065) with all schedules and attachments. If permitted by DU or LP, or the business has been open for more than 5 years, the most recent year is enough.
Resolves withAdd it to this loan
Form 1065 · 2024All schedules and attachments
Documents you need to closeCritical · 2
- Critical. Bank statements for January 2025 and March 2026 Reason: 22 of 24 statements providedOpen
- Critical. Source of funds required Reason: a deposit greater than 50% in May 2026, $28kOpen
- Critical. NSF identified on the statements May 2025, June 2025, December 2025Open
Conditions2 closed on their own
- Most recent 2 years of Form 1065 and all attachmentsClosed
- Most recent 2 years of Schedule K-1 from Form 1065Closed
- Review. Source of the $28k deposit in May 2026Open
Drawn from the web app with sample loans. Smart Conditions cover the income side of the loan. The lender's underwriter reviews the whole loan and may ask for more.
Three things the lender can't unsee
A delay, a doubt, a cut. What happens when you see them first.
The delay: the missing K-1.
The underwriter opens the loan, finds the 2024 K-1 missing, and the loan goes back to the borrower with a condition on it. Rapidio lists it with the income result, in as little as 3 minutes after upload, so the K-1 is in the loan before anyone asks.
The doubt: the $28k deposit and the NSFs.
Found by the underwriter, a large deposit and three NSFs are a question mark on the borrower. Found by you, they arrive with the source of funds and the letter of explanation already attached. The lender sees everything, and sees it answered.
The cut: the overtime that doesn't count yet.
Overtime without a two-year history gets cut by the lender, and the loan is re-priced after the borrower was quoted. Rapidio leaves it out and says why, before you submit, so you bring the year-end paystubs or quote the loan without it.
Not AI alone. Experienced underwriters stand behind the system. A loan that needs a human eye gets flagged for review, and borrower documents are seen only by the assigned internal underwriter, under NDA.
By income type
A different borrower gets a different list.
Examples of conditions Rapidio raises. Your loan shows only the ones that apply to it. Red marks the critical items, amber the items to review, grey the notes.
What a wage earner loan usually waits on.
The same few documents, loan after loan. Rapidio names them before the loan leaves your desk, and leaves out variable income that has no two-year history, with a condition that says so.
Income calculationSelf-employed loans, business by business.
Business returns, K-1s, a year-to-date profit and loss statement. Rapidio lists what is still missing for each business in the loan, and notes the tests the business passed.
Income calculationRed flags found in the statements.
A missing month, an NSF, a large deposit. Rapidio gives the month and the amount, so you know what to ask the borrower.
Bank statement incomeCompared
A checklist, the lender's conditions, and Smart Conditions.
Smart Conditions do not replace the lender's own conditions. The lender's underwriter reviews the whole loan and may ask for more.
Who uses it
The same list, seen from 4 desks.
Brokers and loan officers
Fewer surprises after you submit.
You see what the loan is missing on income while you can still fix it, before the lender's underwriter opens it.
For brokersProcessors
One list for the borrower.
The open items in one place, by borrower and income source, with the reason, so the request to the borrower covers all of them.
For processorsUnderwriters and QC
Conditions with the reason attached.
Each condition names the borrower, the income source and the reason, so the loan arrives with the gaps already named.
For underwritersLenders and banks
The same conditions from every branch.
Every loan arrives with the same list, in the same words, whoever ran it. Pilot it on your own loans, then connect by API.
For lendersPricing
Included in every loan. Nothing to set up.
A loan is from $9.93 in a bundle, $20 pay as you go, for any income type. Smart Conditions come with it, and running the loan again after a document arrives costs nothing.
- Smart Conditions by borrower and income source, with the reason
- Income calculated to the guidelines you pick
- Documents split and labeled, each open to its page
- Run the loan again at no charge when a document arrives
- Loan report as PDF or DOCX, conditions included
- Secure upload link for the borrower
Security
- SOC 2 Type 1 report
- Encrypted in transit and at rest
- Role-based access with 2FA
- Borrower documents seen only by the assigned internal underwriter, under NDA
More about the product
FAQ
Questions about Smart Conditions.
Have another question? Write to service@rapidio.com or book a 30-minute call.
My lender sends its own conditions anyway. What does this add?
Order. The lender's conditions arrive after the underwriter has opened the loan and seen the gaps, and what the underwriter has seen stays on the loan: a condition, a note, a question about the borrower. Smart Conditions show you the same gaps first, with the income result, so the K-1, the source of the deposit or the letter of explanation are in the loan before it is submitted. The lender's underwriter still reviews the whole loan and may ask for more.
Is this about hiding problems from the lender?
No. The lender sees every document and every deposit, as always. The difference is what arrives next to them: the missing return already collected, the large deposit already sourced, the NSF already explained. A problem the underwriter finds is a condition. A problem that arrives answered is a note on a clean loan.
Do Smart Conditions cover assets, credit or the property?
No. Smart Conditions cover the income side of the loan, with a few general items such as a signed IRS Form 4506-C. The lender's underwriter reviews the whole loan and may have other conditions.
Which groups of conditions are there?
Four. Documents you need to close are the ones to collect first. Critical items block the income until they are resolved. Review items need a second look or an explanation from the borrower. Notes are for your information. A condition stays open until it is resolved, and the loan shows how far it is from clean.
How are Smart Conditions different from a checklist?
A checklist is the same for every loan of its type. Rapidio builds Smart Conditions from one borrower's documents and the guidelines you picked, so the list names what this loan is missing, with the reason, and leaves out what it already has.
What happens when the document arrives?
Add it to the same loan and run it again, at no charge. The conditions the new document answers close on their own, and the rest you can close by hand.
Do Smart Conditions work for bank statement loans?
Yes. For a bank statement program, Rapidio raises conditions such as a missing statement, an NSF, a deposit greater than 50% to source, transfers between accounts, and balances that do not match from one statement to the next, each with its month.
Are Smart Conditions only for complex loans?
No. A single wage earner loan gets them too. Simple loans often wait on a verification of employment, a W-2 for the prior year, or a two-year history for overtime.
Do I pay extra for Smart Conditions?
No. They come with every loan: from $9.93 a loan in a bundle, $20 pay as you go. The first loan is free.
Does a person check the conditions?
Rapidio builds the conditions from the documents and the guidelines you picked. When a loan needs a human eye, it gets flagged for review and an experienced underwriter looks at it. The lender's underwriter still reviews the loan and may ask for more.
What are Smart Conditions?
Smart Conditions are the items Rapidio lists for a loan after it reads the income documents: the documents to collect, the critical items, the items to review and the notes, each with its reason. Rapidio builds them from the borrower's documents and the guidelines you picked, and shows them next to the income result.
See it before the lender does. Then submit a loan that is ready.
Run a loan, read the conditions, collect, source and explain, once. The first loan is free.