Gestion
Submitting to Multiple Lenders in Parallel Without Losing Track of Deadlines
Three lenders, three different timelines, three condition lists. Here's how to stay in control when a file is submitted to several institutions at once.
Deals and calculations
Give the client an answer before you hang up.
Enter the numbers once: borrowing capacity, stress test and profitability update live.
≈ 2 hrs per fileCourtierIQ keeps the file, the math and the lender applications in one place. Enter income, debts and purchase price once: ratios, stress test and borrowing capacity update instantly.
What it fixes
- You rebuild the same math in a new spreadsheet for every client.
- One wrong rate in one cell and the lender declines the file.
- You lose track of three applications running in parallel.
Video walkthrough
Video coming soon for this module
Real-time pre-qualification
The calculator applies GDS/TDS ratios and the FCAC stress test to every scenario. Results appear while you are still on the phone with the client.
- GDS and TDS ratios recalculated on every change
- Stress test: the higher of 5.25% and contract rate + 2%
- Canadian semi-annual compounding
- Maximum borrowing capacity and minimum down payment
Property profitability analysis
For investor clients, the module computes net operating income, cap rate, cashflow, cash-on-cash return and DSCR, then compares three scenarios.
- NOI, cap rate, cashflow, cash-on-cash, DSCR
- Base / Conservative / Optimistic scenarios
- CMHC insurance tiers and APH Select, Quebec tax on the premium
- Full amortization schedule, exportable
Mortgage product comparison
Compare up to four products side by side with the stress test applied to each, and get a ranked recommendation you can hand to the client as is.
- Up to 4 products compared at once
- FCAC stress test applied to each product
- Automatic recommendation backed by the numbers
- Client-ready PDF output
Multi-lender applications
Submit the same file to several lenders and track every decision, condition and expiry date without digging through your inbox.
- One record per lender with status and conditions
- Expiry dates monitored automatically
- Document checklist linked to each application
- Structured export to external tools (Filogix-style)
FAQ about this module
Further reading
Investisseur
NOI, Cap Rate, DSCR: How to Present a Profitability Analysis an Investor Will Actually Trust
Real estate investors shop their own numbers before shopping for a broker. Here's how to present an analysis that holds up against their own calculations.
Calculs
GDS/TDS Ratios: How to Calculate Them Without Getting It Wrong
One missed line in an Excel column, and your TDS ratio quietly crosses the threshold. Here's how GDS/TDS ratios actually work.
Calculs
The Mortgage Stress Test Explained (and Why Your Deals Die at Qualification)
A client looks pre-qualified, then gets rejected at signing. Here's how the qualifying rate actually works, and how to calculate it correctly every time.
Calculs
CMHC Mortgage Insurance and APH Select: Avoiding Calculation Errors That Kill Deals
A wrong insurance premium calculation can derail a pre-approval or surprise a client at closing. Here's how to structure this calculation correctly.
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