Document authority
Audited statements, reviewed statements, compiled statements, internals, and tax returns have an explicit precedence model instead of silently mixing.
§ Platform - CORE Underwriting - Credit Analysis & Spreading
Control which financial source wins.
CORE spreads borrower financials from source documents, pins years to the right evidence, exposes rejected candidates, and keeps provenance visible so analysts can explain every number before it reaches policy or memo work.
Confirmed projections, scenarios, and coverage in one model.
The analyst can compare lender base, borrower base, and downside cases; inspect YoY movement; load Table Evidence; and trace projected cash flow through debt service into DSCR without leaving the underwriting file.
Confirmed lender-base projection with YoY movement§ Spreading Controls
Not just extracted numbers in a table.
Collision log
Rejected candidates are logged, not lost, so an analyst can see what the engine considered and why a source did not win.
Cell-level control
Analysts can override a cell, force a source, or pin a document while preserving the reason in the spread record.
Formula and quality layer
CORE computes institutional subtotals, flags reconciliation gaps, and keeps extracted source values behind formula outputs.
Confirm doctrine
Confirmed spreads publish metrics to policy and memo workflows. Unconfirmed spreads remain visible, but they do not become decision inputs.
§ Fit
Credit analysis includes
Analysts keep control of source authority, overrides, confirmation, and the evidence behind every published metric.
01
Entity-level and consolidated financial views
02
Fact review and confidence state
03
Coverage map by statement and fiscal year
04
Document pinning and source overrides
05
Cell provenance, collision review, and formula breakdowns
06
Derived cash flow preview and reconciliation checks
07
Confirmed-spread gate before policy tests consume metrics
§ Path
From fact to spread
Extracted facts
Document facts enter the review table with confidence and source document.
Source selection
CORE proposes source-pinned years and logs competing facts before they become spread cells.
Analyst control
The analyst confirms facts, overrides cells, pins documents, or forces a source when the file requires judgment.
Confirm
Only confirmed spreads publish metrics into coverage, risk, and memo generation.
Memo-ready signal
Material movement, reconciliation issues, and derived cash-flow signals become source-cited credit context.
§ Next Step
Bring the spread that does not reconcile.
We will show how CORE exposes the difference instead of hiding it in a workbook.