The Deal Room is a powerful tool. As the broker or borrower for a deal, you would be the recipient for any document requests the lenders make.
For example, if they send over a construction budget request, you can click into the Deal Room and easily attach the file.
Think of it as a digital checklist. It lets you go back and forth with a lender without having to fire off an email. Lenders will indicate if they want more documents by marking files as Incomplete, Rejected, or Completed.
The Deal Room drives efficiencies, but if you need to clarify anything or ask a question, the lender's contact information is easily accessible from the Deal Room.
In this way, you can conduct due diligence and move toward closing your loan. Upload the requested documents by the specified deadline to stay on schedule for your desired closing date.