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For Lenders. Statements Underwriters Accept

Quick answer: Mortgage brokers, commercial lenders and equipment financers send us self-employed and incorporated applicants whose deals are stuck on the accounting: missing year-ends, statements the underwriter will not accept, or a T2 that has not been filed. We produce what underwriting actually needs — properly prepared compilation engagements — on deal timelines. When clients need financing, the referral goes to brokers and lenders who send work here. No fees either way.

For Lenders. Statements Underwriters Accept: the 4 parts this covers — the file that stalls, and why; what we produce for a deal; what flows back; got a file stuck on the accounting?
What this covers, at a glance.

The file that stalls, and why

Self-employed applicants stall for accounting reasons: the year-end nobody filed, owner pay structured as dividends the calculator did not warn them about, statements prepared by nobody in particular that an underwriter reads as fiction. None of that is fixed by resubmitting. It is fixed by a CPA producing the missing pieces properly, which is a defined engagement with a date, not an open-ended hope.

What we produce for a deal

  • Compilation engagements with the professional standards behind them — what “accountant-prepared statements” means when a lender says it. What they are and are not is set out in what a compilation engagement is, honestly.
  • Overdue filings, sequenced — catch-up scoped as a one-time job with a stated finish date your deal timeline can rely on.
  • A straight answer fast when the honest answer is that a file cannot be made lendable this quarter. Brokers value the fast no more than the slow maybe.

What flows back

Owner-managed clients buy buildings, trucks and competitors, and they ask us who to call. We do not broker; we refer — to the brokers and lenders whose stuck files we unstick. Same logic as every partner page on this site: reciprocity, no fees, incentives you can explain to a compliance officer.

What a lender reads is the statement file, and the year-end statements lenders are sent is where it is prepared.

Common questions about for lenders & brokers

How fast can you produce statements for a live deal?+
Scoped on the first call — the honest variable is the state of the records, not our calendar. If the timeline is impossible we say so immediately, which brokers tell us is rarer than it should be. Ask about your case →
Will you speak with the underwriter directly?+
With the client’s authorization, yes — clarifying what a statement shows, what the engagement was, and what it does and does not assure. Deals close faster when the preparer is reachable. Ask about your case →
Do you pay for referrals or accept payment for them?+
Neither. The professions involved all have rules about it, and the arrangement works precisely because nobody is paid to say anything — files come here because they get unstuck. Ask about your case →
What kinds of applicants fit?+
Incorporated owner-managers and the self-employed — contractors, truckers, professionals — anywhere in Canada, remotely. Employees with T4s do not need us, and we will say so. Ask about your case →

Related reading

Business travel expenses: what the CRA acceptsTravel is deductible when it earns business income — but meals inside a trip still face the 50% limit, and mixed-purpose trips get apportioned. Digital record keeping: what the CRA actually acceptsWhat the CRA accepts electronically: scanned receipts, imaging standards, where records must be stored, and how long to keep them in readable form. Compilation vs review, decided by the readerRelated reading

Does this apply to your business?

Ask and a Chartered Professional Accountant answers. Free, no meeting attached, and no invoice afterwards.

Answered by a CPA, usually the same business day. Nothing is added to a mailing list.

Got a file stuck on the accounting?

Send the situation, not the whole file. You will get a scoped answer and a date — or a fast, honest no.

Book an intro callinfo@everstonecpa.com
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