$700K Funded After a Bank Decline: Saved on Program Fit
January 16, 2026
| Client: Anthony Wheeler | Broker: AMP Mortgage | ||||
| $700kLoan amount | 1 yearProfit and loss only | 1Bank denial turned CTC | |||
| Loan amount | Profit and loss only | Bank denial turned CTC | |||
The Challenge
A Borrower Already Declined and Confidence on the Line
Anthony’s borrower came to him for a P&L cash-out in Texas after already being turned down by a bank. The property type and state guidelines knocked the deal out before it could move forward. By the time Anthony stepped in, the borrower was frustrated and losing trust in the process.
He needed a partner who could:
Move the file into a program that actually worked
Look at the real structure of the deal and match it with a product designed for that type of income and property, instead of forcing it into the same box that failed at the bank.
Work with the borrower’s existing seasoning
Use the seasoning already in place so the borrower didn’t have to restart or wait longer just to fit into tighter rules.
Help Anthony restore the borrower’s confidence
Give Anthony a clear explanation he could bring back: why the last attempt fell apart and how this new approach would actually movethe file forward.
The Solution
A Quick Call to Keith and a Program Shift that Opened the Door
Anthony had met Account Executive Keith through a referral and knew this was the kind of file that needed a different set of options. He walked Keith through the scenario, including the decline, Texas cash-out needs, and property type.
Keith reviewed the details and confirmed that the right move was to restructure the deal into a bank statement loan. With the borrower’s current seasoning, the file could qualify without resetting everything.
The Result
A Declined File Turned into a Funded $700K Cash-Out
Once the file was shifted into the bank statement program, the deal finally had a clear path to the finish line:
A $700K cash-out funded after a bank said no
Anthony delivered what the bank couldn’t, using a program built for this kind of scenario instead of forcing it into traditional guidelines.
A program fit that matched the borrower’s reality
The deal was converted from a P&L approach to a bank statement structure, with docs aligned to how the borrower actually earns, making approval realistic instead of a stretch.
A strong first impression with a new client
This became Anthony’s first funded loan with Lendz and turned a frustrated referral into a client who saw him as the problem-solver, not just another loan officer.
A proven option for tough scenarios
Now Anthony knows exactly where to place similar files when a bank declines a file due to property type, state, or structure.
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