Hello BP community!

I have recently learned about an interesting lender called Accept.inc that I haven't heard of before, and I wanted to see if anyone else in the BP community has used Accept.inc and can share their experience and/or thoughts. From what I can tell, Accept.inc is similar to a traditional/conventional lender, but Accept.inc differentiates themselves by providing the cash up-front so home buyer's can be more competitive by way of putting in all-cash offers. Instead of underwriting after going under contract, Accept.inc will underwrite as part of the cash pre-approval process, and there are no points or fees, and rates and terms are the same as a conventional lender.

Having a lender that can submit cash-offers, close fast, with similar rates and terms to a conventional lender and no points/fees seems like it might be too good to be true. Could this type of lender work well for BRRRR or off-market deals since the closing period is fast and rates are more attractive compared to a hard money lender?

My main concern here is that it really appears too good to be true. Has anyone else used this particular lender or a lender that does something similar? I always ask my set of questions for vetting a lender, but since this lender is a bit different I wanted to ask the community what are some considerations to look out for and some good questions to ask?