SpreadSpace vs TurnKey Lender

A public, versioned API includes three typed SDKs, an end-to-end integration guide, and an agent skill file. The integration forwards uploaded files and retrieves extracted data and finalized spread attributes.

A webhook forwards each file arriving in the loan’s inbox to SpreadSpace. The active loan links when the uploaded document arrives, and the extracted lines return through the API.

SpreadSpace extracts every credit-bearing line on Forms 1040, 1065, 1120, and 1120-S with supporting statements, depreciation and amortization schedules, net operating loss history, and affiliated entities. A large return can yield more than 500 usable lines, each retaining its source detail.

Each Schedule K-1 is paired with its own supporting statements and attached to the owner it names. Later K-1s, personal returns, and personal financial statements for that person join the same entity, and distributions remain available for analysis.

Audited and unaudited financial statements spread with their own line detail, and Excel periods scattered across tabs or files are rebuilt into a standardized statement. Matching statements for the same entity and year can combine complementary periods while retaining the underlying source detail.

SpreadSpace extracts the printed transactions and daily balances, identifies overdrafts, NSFs, chargebacks, and returned items, and groups activity by counterparty. Financing activity carries advances, repayments, net flows, and observed payment cadence into an implied debt schedule, with uncertain classifications visible for review.

Source-backed figures open the full document with the line boxed, from the spread and imported memo visuals. Derived totals fold open into the contributing rows, and each source-backed row opens its own document line.

Recognizable bank transactions carry an inflow or outflow class and a business type, with operating expense categories such as payroll, advertising, rent, and utilities. Financing, owner activity, internal transfers, and intercompany flows retain separate classifications.

Transactions group by the counterparty behind them, and the analyst can correct a relationship or an individual transaction. Financing relationships retain advances, repayments, net activity, and observed payment cadence for review.

The affiliate schedule includes every affiliated and intercompany entity named in the business and personal returns, including K-1 issuers, corporate return affiliations, supporting statements, and related-party receivable and payable lines, whether or not an ownership link or K-1 exists. It feeds the entity roster and reclassifies matching bank counterparties as intercompany, with a link to the source line even when the return arrives later.

Analyst classifications survive later automation and remain reversible under audit. With the opt-in permission scope, an extracted value can be edited and reset, and derived figures above that value reflect the change.

SpreadSpace records every return on both a tax basis and a book basis, including depreciation, amortization, and disposition gains or losses, and the analyst can use either one or both. Each derivation opens into its component lines, and unavailable book attributes remain unavailable rather than becoming guessed values.

An itemized statement of cash flows derives from the return in operating, investing, and financing blocks, with a bridge and a table that reconcile to the change in cash on Schedule L.

The analyst starts from company statements, the return’s book income, or ordinary business income on a tax basis and chooses add-backs by entity and year. Add-backs follow the basis the analyst chose, with attached statement items available individually.

Form 8825, including continuation sheets, and Schedule E Part I become rental-property schedules with income, itemized operating expenses, and depreciation shown with years side by side. Each property’s expense fold retains its printed depreciation line, while Form 4562 and the attached depreciation register provide the supporting detail in the return viewer.

The analyst configures DSCR per entity and per year from the documents’ own lines, with historical and pro forma views using proposed debt service. Named recipes save on the loan, and each entity’s calculation appears on the same canvas without combining the entities into one DSCR figure.

Every business and person on the loan can share one canvas, with no fixed entity cap, and the analyst places, drags, resizes, and groups charts, tables, ratios, and text freely. More than 100 curated visuals and the custom builder provide source-linked graph and table views.

A saved template carries the spread’s visual arrangement and custom graph definitions into another loan of that type. Loan-specific comments, images, source links, property selections, and configured DSCR cards stay out of the template.

Named businesses reconcile to entities holding their returns and statements, and people collect their K-1s, personal returns, and personal financial statements. Every entity appears in one selector and can be spread side by side on the same canvas.

Comment threads pin to charts, tables, or any point on the canvas. Highlighted narrative text links to the exact document line under discussion, and peers share the same review surface.

The lender’s existing memo becomes a company-wide template built once and shared by the team, using the same blocks as the spread. Imported charts and tables render at full SVG fidelity, move freely on the page, and keep their source links through memo review.

Analysts change the spread’s settings, choose its book or tax view, and select source-line adjustments without a configuration project. DSCR is configured on the loan for each entity and year.

Spreading and reporting actions, including undo and redo, enter an immutable archive retained for up to seven years. The analyst can inspect an earlier action and undo it, while board and memo version histories also support restoration.

Saved boards and memos retain version histories that the team can browse, name, and restore. A restore is itself recorded, so the review can return to an earlier arrangement without erasing the history.