The Manual Application lets you price and create a Fix and Flip or Ground Up loan for your borrower yourself, then decide when to bring the borrower in. It does not apply to Rent/DSCR loans, and it is separate from the borrower-led path (where you share your Loan App Link and the borrower applies on their own).
Before you start
Your partner account must be approved and you must have a borrower-site domain configured in Settings. Without a domain, the Start Manual Application button does not appear.
Your lender origination fee is set per loan type by New Silver (1% by default). That becomes the floor of your fee slider; anything you add above it is your portion.
Two states to understand
A manual loan is always in one of two visibility states, shown by an icon rather than a text label:
Partner only — the loan exists in the system but the borrower knows nothing about it. All borrower emails are held.
Sent to borrower — the borrower has received the access email and now gets all loan communications.
You control when the loan moves from the first to the second by clicking Send to Borrower.
The application wizard
Click Start Manual Application (top of any partner portal page). It opens a four-step wizard in a new tab. Nothing is saved until you reach the end and click Save or Send.
Step 1 — Property Address
Pick the loan type (Fix and Flip or Ground Up).
Set fees: the Origination Fee slider is the total the borrower pays (floor = your lender fee, cap = 4%, in 0.125% steps). A Processing Fee field appears only when New Silver charges none for that product, capped at $1,000.
Enter the property address. Out-of-service-area addresses are refused with a plain message.
Step 2 — Borrower Info
Projects completed in the past 36 months (at least 1 for Fix and Flip, 2 for Ground Up).
Borrower first/last name, email, phone. You cannot use your own email as the borrower's.
Credit Score slider (must meet the minimum for the loan type, address and experience).
You do not collect liquidity, SSN, date of birth, home address, entity or the felony question here. The borrower supplies those later. If the email matches an existing borrower, that record is reused, with no duplicate account.
Step 3 — Property Info
The deal numbers and property facts: purchase price (or current value for a refinance), rehab/construction budget, ARV, property use and type, HOA, under-contract, and so on.
Deals New Silver cannot finance (commercial/mixed use, 5+ units, manufactured/mobile homes, amounts outside limits) are stopped with a message before pricing.
Step 4 — Confirmation
Shows the exact terms the borrower will see, not ranges: Loan Summary, downloadable Preliminary Term Sheet (and Proof of Funds Letter for purchases), and the fee controls again. Moving a fee recalculates on screen.
No credit pull happens to reach this screen.
Saving vs sending
The loan does not exist until you click Save or Send to Borrower (Send saves first). These are independent, and neither locks the other.
Save creates the loan as Partner only. It appears in your Loans list and with New Silver immediately, and a loan advisor is assigned. The borrower is not notified. You can keep editing it from the Loans list until the appraisal invoice is sent.
Send to Borrower moves the loan to Sent to borrower and emails the borrower a sign-in link with the term sheet attached. You can still edit after sending, until the invoice lock. Every Save also archives a preliminary term sheet in the loan's document folder.
Submitting the file
When you are ready to move the loan forward, expand it in your Loans list and click Submit File (available at Loan Terms Selected). A confirmation modal appears explaining what happens next; confirm to submit. The loan status updates and New Silver begins the appraisal process, sending the appraisal invoice to you, the partner.
Paying the appraisal
After the invoice is sent, expand the loan and click Pay Appraisal, then choose who pays:
Borrower — the borrower pays by card in their own portal. If the loan is still Partner only, you first confirm that this sends the loan to the borrower; they then receive the access email and the invoice together.
Self — you pay by card yourself, and the loan stays Partner only.
After payment
A soft credit pull runs and the rate and financing amounts are recalculated from the borrower's real score (your origination fee is preserved). The borrower completes their remaining details and a Company Information step, then uploads documents. You can upload documents on their behalf at any time using Upload Docs. From here the loan enters New Silver's standard underwriting process.
Editing and the lock
You can edit fees and deal numbers freely while the loan is Partner only or Sent to borrower, up until the appraisal invoice is sent. After that, editing is locked on your side and changes go through New Silver. Borrower name, email and phone are read-only in the wizard even before the lock, so corrections to those also go through New Silver.