Collection Packages
Individual items roll up into categories, categories into packages - base packages per program plus add-ons that bespoke a deal. If the project involves construction, attach the construction add-on.
§ Platform - Program Studio
A new loan program is a configuration, not a build.
Program Studio is four studios - Loan Programs, Collection Packages, Underwriting Policies, Memo Templates. Your document list, your credit box, your memo, your industry research: assembled by credit experts and deployed to your team. Even the memo is a configuration.
LOAN PROGRAM · USDA B&I
BASE PACKAGEB&Iv6.0
SWITCHABLEUNDERWRITING POLICYUSDA OneRD — Existing Businessv3.1
SWITCHABLEMEMO TEMPLATEUSDA OneRD Full Credit Memov2.4
LOCKEDThree slots. One program.
In CORE, a loan program is literally a card with three configuration slots - base collection package, underwriting policy, memo template - each versioned, each switchable or locked. The program's regulatory citation library is scoped alongside it.
SBA, USDA, and conventional bridge are the configurations Waterside runs on its own deals§ The Four Studios
Every part of the program is a visible, versioned surface.
Underwriting Policies
Policies built from your own metric, covenant, and scorecard catalogs - threshold bands, covenant sets, rubric weights. A startup and a thirty-year operator don't share an underwriting policy. In CORE they don't have to share a build either.
Memo Templates
Each program defines its own memo: sections, analytical intents, regulatory domain coverage, section mandates, output structure. Versioned, and snapshotted when a project memo is created.
Citation Libraries
Dated, versioned regulatory corpora - CFR sections, Federal Register rules, agency SOPs - scoped to the program, so memo citations resolve to the rule text current when the claim was generated.
SLOT B1
SLOT B2
SLOT B3
SLOT B4
§ Fit
What a configured program carries
Published versions are immutable. Deals bind a snapshot. Nothing about the credit process is hidden in code.
01
Base collection package plus deal-level add-ons
02
A bound underwriting policy - switchable mid-deal when the lender or capital source changes
03
Program-defined memo templates with per-section mandates
04
A program-scoped regulatory citation library
05
Versioning and snapshots across all four artifacts
§ Path
How a new program goes live
Assemble
Credit experts configure the package, policy, and template from existing catalogs and libraries.
Bind
The Loan Program card binds one of each - switchable or locked per slot.
Deploy
Projects created under the program inherit the configuration; workstreams release in stages.
Version
Changes publish as new immutable versions. Existing deals keep the snapshot they were decided under.
§ Next Step
Bring the program you thought was too bespoke for software.
Your credit process is something you can open and read, not something compiled into someone else's software.