Home › Services › AI verification › Underwriting or financial model
Check an underwriting or financial model an AI built
Send the model an AI built. We check that its figures follow from one another, and look up its inputs in your documents.
Coming soon
What you send
- The file the AI made: a spreadsheet, a CSV, or a Word or text file.
- The offering memorandum or the other documents its figures come from, if you have them.
What we check
- NOI, cap rate, loan-to-value, debt service, DSCR, cash-on-cash, IRR and equity multiple follow from the model’s own figures.
- Every formula gives the figure the sheet shows, and none of them has an error.
- Your assumptions are yours: rent growth and the exit cap aren’t judged, but what follows from them is.
And on every file, every total is added up again and every formula is worked out again, and a figure the sheet shows that its formula doesn’t give is named.
What you get back
One Excel workbook:
- Findings. Every error, with where it is in your file, what your file says, what your documents say and what’s wrong.
- Your own sheets, marked. When your file is a spreadsheet, every wrong cell is marked, with a note on it. Your file itself is never changed.
- What couldn’t be checked. Anything that couldn’t be checked is listed, with the reason. Nothing is passed in silence.
Questions
Do you fix the mistakes?
We show you each one: where it is, what your file says and what your documents say, so you can put it right in minutes. Your file itself is never changed.
What if the file I send isn’t the kind I chose?
We ask you before we start: check the file you sent as it is, or wait for the one you meant.
Coming soon
Want to hear when it opens? Write to info@binadesk.com.
Rather have the work done for you? Our real estate models service does it from your documents, and checks it before it reaches you.