MCA Underwriting Tools: Checklists, Credit & DataMerch
MCA underwriting software gives funders the tools to evaluate a deal’s risk and decide whether — and on what terms — to fund it. It combines diligence checklists, credit and industry-risk checks, and offer and contract tools so underwriters can vet a deal before any capital moves. In MCA Track these tools sit on the lead during the Offer / Underwriting stage.
Key takeaways
- Underwriting tools sit on the lead during the Offer / Underwriting stage, where the funder assesses risk and sets terms.
- Funder Admins build reusable checklist templates; required items block the Make Merchant action until completed.
- If Experian is enabled, underwriters pull an encrypted credit report for any owner directly from the lead’s contacts.
- A DataMerch lookup queries an industry fraud and risk registry by federal tax ID and raises a warning banner on a match.
- Funders build advance offers — amount, factor rate, duration, repayment split, and commission — and the merchant accepts one.
- Email Application sends the deal package as a PDF to an external funder, useful for shopping a deal to multiple lenders.
What is MCA underwriting software?
MCA underwriting software is the set of tools a funder uses to evaluate a merchant cash advance deal’s risk and decide whether, and on what terms, to fund it. It brings diligence, credit checks, industry-risk screening, and offer building together so a deal can be reviewed consistently before funding.
In MCA Track, underwriting is where the funder evaluates risk and sets terms. The platform gives underwriters several tools that sit on the lead during the Offer / Underwriting stage.
How do underwriting checklists work?
Underwriting checklists turn diligence requirements into trackable items on a lead. Funder Admins create reusable checklist templates. Applying one to a lead turns its items into instances that underwriters tick off as they verify them. Required items block the Make Merchant action until completed, so a deal can’t be funded with missing diligence.
What credit and industry checks are available?
Underwriters can run a credit report and an industry-risk lookup directly from the lead. If Experian is enabled, they pull a credit report for any owner from the lead’s contacts; reports are encrypted and stored on the contact. A DataMerch lookup queries the industry fraud and risk registry by federal tax ID.
A DataMerch match flags potential fraud or default risk reported by other funders. A match raises a warning banner that a Funder Admin can choose to trust or untrust before funding, and verified matches display a prominent banner on the merchant page. Review any match before extending an offer.
How do offers, contracts, and shopping a deal work?
The funder builds advance offers and the merchant accepts one, then contracts and the deal package can be generated and shared. Each offer specifies its core terms, summarized below.
| Offer term | What it sets |
|---|---|
| Amount | The advance amount funded to the merchant. |
| Factor rate | The multiplier that determines total payback. |
| Duration | The expected repayment period. |
| Repayment split | The share of receipts collected toward repayment. |
| Commission | The commission tied to the deal. |
Funder Admins can upload PDF or DOCX contract templates that download pre-filled with the merchant’s information and the offer terms. Email Application sends the deal package as a PDF to an external funder or any address — useful for shopping a deal to multiple lenders.
Where do underwriting tools fit in the deal flow?
Underwriting tools operate on a lead while it sits at the Offer / Underwriting stage. They follow the earlier pipeline work and precede funding, so they are the gate a deal passes through before it becomes a live merchant.
For how deals reach this stage, see the MCA deal pipeline from lead to funded, and for the conversion that follows, see create and fund a merchant. Who can run these tools depends on user roles and permissions. For the full platform overview, see the MCA Track platform guide.
Want to see how underwriting tools vet a deal before funding? Book a walkthrough →
Frequently asked questions
It provides diligence checklists, Experian credit reports, DataMerch industry-risk lookups, and offer and contract tools, all sitting on the lead during the Offer / Underwriting stage.
No. Required checklist items block the Make Merchant action until they are completed, so a deal cannot be funded with missing diligence.
A DataMerch lookup queries an industry fraud and risk registry by federal tax ID. A match flags potential fraud or default risk reported by other funders and raises a warning banner that a Funder Admin can trust or untrust before funding.
Email Application sends the deal package as a PDF to an external funder or any address, which is useful for shopping a deal to multiple lenders.