For CDCs · Farm Credit · USDA · HUD · EB-5 · C-PACE · CDFI
The credit platform built inside an active program-credit operator.
One borrower file from application to closing to examiner replay. Built on real deals, against real examination findings.
Source-cited AIExaminer-defensible by designLive in 60 days
- $1.5B+
- Active program-credit deals
- 50+
- Deals currently underwriting
- 60 days
- Typical live window
CORE · EVIDENCE WORKBENCHCDC · USDA · FCS · L-2418 · Mercer Manufacturing
one borrower fileone source spanone examiner-defensible trail
§ Product proof · Source to audit
Show the source. Review the decision. Keep the trail.
The source document, extracted fact, analyst decision, and audit event stay in the same borrower file.
The model flags what a credit officer would investigate.
Every decision lands in the event log with evidence attached.
§ Programs · Supported
Built for the regulated lenders other vendors call “edge cases.”
01
CDC
SBA 504
02
Farm Credit
FCS Title I & III
03
USDA
B&I · CF · REAP · Rural
04
HUD
232 · 223(f) · 221(d)(4)
05
EB-5
Regional Centers
06
C-PACE
Energy · Water · Resil.
07
CDFI
Cert. CDFI lenders
RECEIPT · LIVEUPDATED · ROLLING WINDOW
$1.5B+across50+active program-credit deals currently underwriting on CORE
ANONYMIZED PIPELINE WINDOW50+ ACTIVE DEALS · SOURCE: CORE PROJECT ACTIVITY
C-PACEEnergyassessment-backed capitalunderwriting → closing
USDARuralB&I + REAP workstreamseligibility → credit memo
EB-5Jobsregional center capitalsource docs → compliance file
HUDHousingMAP / insured take-outbridge → permanent close
BridgeInterimconstruction + acquisitionadvance → take-out
C-PACE energy + resiliencyUSDA B&I + REAPEB-5 regional center capitalHUD bridge-to-perm housingBRIDGE interim capital
§ Who We Serve
Five program families. One examiner-defensible audit trail.
Same packaging, decision, and replay surfaces — tuned to each program’s eligibility, examination posture, and capital path.
CDCs
504 packaging, eligibility, and credit memo — built against real SBA examination findings.
- —Eligibility checklist
- —Job creation memo
- —Examiner-defensible audit
Farm Credit
Cooperative lending against patronage, captive book, and FCA examination.
- —Producer credit memos
- —Patronage tracking
- —FCA-ready audit
USDA
B&I, Community Facilities, REAP — rural mission, federal scrutiny.
- —Eligibility & priority
- —Tiered approval
- —OIG-ready replay
C-PACE
Energy, water, resiliency capital — long-term assessment-backed credit.
- —Project intake
- —Engineer's review
- —Recorded assessment
CDFI
Mission lending with cert-level reporting and donor-defensible files.
- —Borrower intake
- —Mission alignment
- —TLR-ready file
§ Platform · Eight modules · One audit trail
From application intake to examiner replay — without a re-key in between.
Lead & BD
AI lead search for rural and program-credit markets, enriched and scored by loan program.
Workstreams
One project, many parallel workstreams — bridge, take-out, equity, escrow — each with its own stage and audit trail.
Docs Workbench
Packaging, classification, file decisions, and two-pass extraction. Every move is logged.
Spread
Multi-entity, multi-year spreads from audits, tax returns, internals, and Excel. AI flags anomalies before the spread is opened.
Memo Generation
Program-routed drafting from a controlled evidence pack, with cite-by-cite sections and a supervisor pass before sign-off.
Audit Trail
Every project event logged — uploads, deletions, edits, markups, classifications, generation runs. Replayable end-to-end.
Audit Export
Filter any project to an examination window. Export the evidence with chain-of-custody hashes.
COREView
Industry credit reports for underwriters: risk scoring, stress scenarios, covenant thresholds, diligence prompts, and source-prioritized citations.
01Intake
Borrower file opened
03Docs Workbench
Source span pinned
05Memo
Citation inserted
07Audit Export
Event log filtered
§ Workforce · Behind the modules
Eight modules. One AI workforce.
CORE’s AI is organized like a credit department, not a chatbot. Four divisions route work to named specialists, program-specific review patterns, and event-level audit trails.
ARIACross-platform copilot — answers deal-file questions in-place, with citations to controlled source documents.
UNDERWRITINGDivision head + 11 specialists
Underwriting
Program-specific analyst and supervisor patterns, routed against the regulatory regime behind each section.
- USDA OneRD · analyst + supervisor pair
- SBA 504 · analyst + supervisor pair
- SBA 504 Intake · reviewer pair
- USDA Preliminary · reviewer pair
- Farm Credit FCS · senior credit analyst
- Cross-program · financial analyst
CREDIT POLICYDivision head + 1 specialist
Credit Policy
Tenant covenant rules, DSCR formulas, and threshold logic load as mandatory prompt context. Covenants are evaluated, not summarized.
- Tenant covenant + policy specialist
PROGRAM POLICYDivision head + 2 specialists
Program Policy
Live regulatory ingestion with domain tagging and coverage-first retrieval, so cited policy context stays visible.
- USDA OneRD · regulatory specialist
- SBA 504 · regulatory specialist
OPERATIONSDivision head + 6 specialists
Operations
Document intake, classification, extraction, BD outreach, industry research, and support.
- Document classifier + extractor
- AI file-matcher
- Lead scout + industry researcher
- BD copywriter + email rewriter
- Support agent
EVERY ACTION · TIMESTAMPED · ACTOR-NAMED · QUERYABLE23 personas across 4 divisions. Every agent action emits a timestamped event with actor and target, visible in the project audit log.
§ Architecture · Workstreams
One project. Many workstreams. One audit trail.
Most platforms manage one loan record at a time. CORE manages the deal: many workstreams, one project view, separate audit trails, and no hardcoded program flow.
PROJECTMaplewood Apartments·124-unit affordable multifamily·Atlanta GA·$42.0M total
- ├──Bridge$34.0Minterimapplication → underwriting → drawn → repaid at HUD close
- ├──HUD 221(d)(4)$34.0Mpermapplication → MAP review → firm commitment → closed
- └──C-PACE$4.5Mpermproject → engineer → lender consent → recorded
3 workstreams·1 project·sequenced bridge-to-perm·1 audit trail across all
Most platforms: 3 separate loan records, 3 separate workflows.
CORE: one project view, separate workstream audit trails — bridge close feeds the HUD take-out.
§ Operations layer · One controlled record
More than the loan. The platform that runs the shop.
CORE keeps CRM, communications, data room, tasks, and servicing on the same borrower file as underwriting. The work around the loan inherits the same permissions and audit trail as the credit decision.
01
CRM
Companies, contacts, tags, activity timeline. Replaces the standalone Salesforce / HubSpot license.
02
Pipeline
Kanban + table views, custom stages, deal flagging. Cross-references workstreams automatically.
03
Microsoft Graph + Gmail OAuth two-way sync. Inbox, threads, focused/other classification — all deal-attached.
04
Communications
Project channels, @mentions, notification groups. Slack-energy without the Slack license.
05
Tasks
Assignments, due dates, group lists. Surfaces in pipeline, channels, and the workbench.
06
Forms
Drag-and-drop builder. Borrower-facing intake, internal IC approval checklists, third-party submissions — all auditable.
07
Data Room
Internal VDR + external portal for syndicate partners, counsel, appraisers. Folder-level sharing, authenticated portal access.
08Coming Q4 2026
Servicing
Post-close payment, draws, modifications, watchlist. Same audit trail as origination.
Operations, underwriting, communications, and servicing all run on the same borrower file, permissions model, and audit trail.
§ Product · Real surfaces · One file
This is the platform, not a promise deck.
Redacted, real product surfaces: intake, extraction, spreading, search, and audit in one borrower file.
Source document · Extracted facts · Review statecaptured product · live docs
§ Origin · Built in production
Built inside a working program-credit shop. Against real examination findings. While the loans were closing.
CORE was built because packaging, spreading, memo drafting, document review, and audit evidence had to move on real loans.
Every major surface came from pressure inside the work: analysts assembling files, supervisors checking memos, lenders answering examination questions, borrowers waiting on decisions.
Today, $1.5B+ across 50+ active program-credit deals are being underwritten on CORE. COREView publishes a new sector report every weekday.
§ AI · Built for examination, not vapor
AI in CORE is judged by its citations, not its prose.
Six controls answer the question regulated lenders get after the memo is written: where did this claim come from?
Cite-or-decline
CORE's AI can answer only when it can ground the claim in a file, regulation, or controlled system record. If it cannot cite, it declines.
Source-span synthesis
Every fact, figure, and paragraph resolves to a source span. CORE compares facts across documents and years, then flags YoY anomalies, balance-sheet gaps, and debt reclassifications before the spread is opened.
Analyst-owned decisions
The model drafts the signal. The analyst accepts, edits, or rejects it. CORE keeps the human decision separate from the generated recommendation.
Audit-ready snapshots
Model, version, inputs, output, and analyst overrides are frozen against the loan file, so the memo can be replayed after the decision is made.
Program-routed
Section drafting routes through deterministic head-selection across CORE's credit, policy, program, and operations divisions, with agent-level actor and timestamp logging.
Model-agnostic by architecture
No model is pinned in code. Every generation resolves through a platform-controlled registry, so upgrading the model fleet does not retroactively alter prior outputs.
FIGURE · CORE AUDIT LEDGER · GENERATION SNAPSHOTENTRY · 3F9C-B21E · L-2418
DECISION · FILE PINNED
Tax Return — 2023
L-2418 · Mercer Mfg. · CDC 504 · $4.2M
FROZEN · EXAMINABLE2026-04-12 · 14:22:08 EDT
- model
- claude-sonnet-4-6 · 2026-03-19
- skill
- credit-analysis-spreading@v3.2.1
- prompt seed
- 0xA481-7C03-EE2F
- candidates
- 01MercerMfg_2023_1120S.pdf
- 02MercerMfg_2023_K1_HartwellJ.pdf
- 03MercerMfg_2023_1120S_draft.pdf
- analyst
- R. Tabori · approved · 14:22:11 EDT
- snapshot hash
- 3f9c-b21e-44a7-c019
§ Why CORE
The shape of the difference, on one page.
| CORE | Generic loan-orig. | Core banking vendor | |
|---|---|---|---|
| Audit trail produced | By default, per file decision | On request, partial | Logs only |
| AI citation discipline | Cite-or-decline · per span | Per-doc summary | Free-form prose |
| Examiner evidence | Frozen source snapshot | Screenshots of memos | Not supported |
| Time to first deal | 60 days | 6–9 months | 9–14 months |
| Built by | An active program-credit operator | A software vendor who interviewed operators | An enterprise infrastructure vendor |
§ COREView · Live library
Public industry credit intelligence.
NAICS-indexed, program-tagged sector reports generated by the same citation discipline behind CORE credit memos.
§ Request demo
Pick the path that matches your program.
Demos are 30 minutes. We walk through real deal artifacts, source citations, and the audit trail behind a credit decision. Bring your hardest examination question.
- CDCI run a CDC
- FCSI work at Farm Credit
- USDAI originate USDA loans
- PACEI do C-PACE finance
- CDFII run a CDFI
Source-cited AI · Examiner-defensible by design · Live in 60 days