Lease & EFA Doc Check
Every lease package checked before booking: names, serials, payments, end-of-term option and lien.
Why it matters
Packages are checked by hand; a $1-out lease treated as a true lease with no UCC-1 filed can leave the lender unperfected if the lessee fails.
How the solution handles it
Five agents read the signed package, classify the structure (FMV, $1-out, TRAC, EFA), check names, serials and payments against the approval, confirm the UCC-1 and insurance, and build the booking sheet. A documentation officer clears exceptions and books.
How a lease package moves
Five agents read the package, classify the structure, check terms, lien and insurance, and build the booking sheet; a documentation officer books.
What it reads, and what it hands back.
What goes in
- Master lease and schedules
- Equipment finance agreement (EFA)
- Personal guaranty
- Certificate of insurance
- UCC-1 financing statement
What comes out
- Doc-check report with exceptions
- True lease vs. security interest note
- UCC-1 and insurance check
- Booking sheet
Who uses it
The difference, in numbers.
Every figure is labelled: a target the solution is built to, an estimate, a typical published result, or a proven one.
UCC § 1-203: a nominal ($1) purchase option makes a lease a security interest · “Target” = design goal, measured in the live solution · “Estimated” = our estimate from typical manual effort · agents = the live solution’s configuration
5 specialist agents. One person decides.
More in this division.
App-only deals answered within the hour, every policy rule checked and every number cited.
Vendor Program DeskEvery vendor deal priced to its program, and every weak dealer flagged before the next funding.
Invoice & Asset CheckEvery equipment invoice matched to the deal, the serial number and the vendor before money moves.
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We’ll show Lease & EFA Doc Check running on your own documents.