If to a commercial lender, then you should know their underwriting procedure, what kind of loan business the lender is in, amount of new loans created last quarter, etc.

Remember, they are large companies and typically bureaucratic, policy and procedure driven.

Standard real estate contractual procedure

Days to close can be a little longer than conforming loans, depending on the USDA region, though some new underwriting procedures being rolled out may help with that. 

I need to do a credit check for their business also what other procedures do you use for checking businesses out

I would definitely still treat it like a business and make sure to follow appropriate procedures for finding tenants. 

Do all other screening services now follow this procedure or is it just TVS?

you do need the originals to foreclose.. the DT or Mortgage of course is recorded but the note is not. so they want the original in hand before they fund.now when I was in my hey day of HML in 12 states there was different procedures in each state but it was our money so we could determine what we did.  

1) You have to get it rented, most banks will want a DSR (debt service ratio) of 1.2 or higher2) Determine your financing - depending on your situation you may be able to get a conventional loan (each could carry 4, some banks allow 10 per person if your credit and income can support it) or just go commercial (those are normally adjustable, I have found up to 7 years and the rates are a little higher but if you BRRRR'd it right you should be able to support that higher rate)2) The bank will order an appraisal, each will have its own requirements as to how much equity you can liquidate (I like 75%)3) After your appraisal you will have to prove how much you put into the renovation4) get your cash and do it again (check with the bank and find out what their EXACT policy and procedure for transferring the property into your LLC5) once you get your cash contact RE lawyer and COVER THOSE ASSETS make sure your insurance policy is a commercial one, get an umbrella policy and find someone who really knows what your intention is with the propertyI've done this over and over again!!!!

I'm thinking management company has the process and procedure in place and can get me listed and rented faster than I could solo.