BCA Checklist for Fast Bank Approval: 7 Mistakes That Delay Financing

You’ve negotiated a great rate; your appraisal checks out; but if the bank’s underwriter finds holes in your Building Condition Assessment, the entire deal stalls. Re-inspections, and legal reviews add days—or weeks—of holding costs. Below is a bank-optimized checklist (based on CMHC and Royal Bank templates), seven pitfalls that kill momentum, and ENGIPRO’s strategy for zero re-submissions.

Quick-View BCA Checklist

Must-Have Item	Why Lenders Care
Engineer (P.Eng) seal + permit	Confirms professional liability insurance
Building envelope risk note	Flags potential water ingress or façade issues
Immediate repair cost (0–12 mo)	Triggers risk review for near-term capital needs
Photo log cross-referenced to plan	Evidence for credit committee
Capital plan (5 yrs)	Forecasts reserve adequacy
Replacement-cost summary	Checks insurance coverage
Signed reliance letter	Gives lender legal reliance rights

See BC Financial Services Authority’s lender regulatory guidance on reliance letters in engineering reports.

Seven Pitfalls That Stall Funding

#	Pitfall	Typical Delay
1	No reliance letter	Legal review adds 3–5 days
2	No capital cost breakdown	Underwriter issues RFI; +2 days
3	Roof condition unverified	Lender questions envelope risk; +1 week
4	Incomplete photo log	Lender requests re-inspection
5	Cost table lacks escalation	Reserve planning flagged; reviewer follows up; +2 days
6	Wrong file format (not PDF/A)	Doc-control rejects; resubmit
7	Unclear signature or missing seal	Report invalid; full redo

Case Study—Avoiding a $60 k Extension Fee

• Deal: $8 M refinance on 52-unit Surrey rental

• Issue: Competitor BCA lacked reliance letter & escalation factor—bank requested revision; seller faced $60 k rate-lock extension fee

• Fix: ENGIPRO re-inspected key systems, issued compliant BCA in 5 days; loan funded on original schedule

How ENGIPRO Prevents Re-Submissions

ENGIPRO Advantage	Impact
Bank-template cost tables	Matches CMHC / RBC column headers
PDF/A output + DocuSign seal	Instant ingestion into lender portal
24-hr underwriter Q&A	Questions resolved before credit-committee meetings
Dual-credential team (P.Eng + CEng MICE)	Accepted by all BC and national lenders

ASTM E2018-24 Standard Guide—basis for ENGIPRO BCA checklists.

FAQ—BCA & Bank Deadlines

Q	A
Can I reuse a 2-year-old BCA?	Most lenders require <12 months; CMHC <6 months.
Do I need intrusive testing?	Only if structural concerns arise.
Can the report be stamped by an out-of-province engineer?	No—lenders and municipalities require BC-registered P.Eng.

Why ENGIPRO for Rush BCAs?

• Speed: 7-day standard, 5-day lightning

• Coverage: Metro Vancouver, Fraser Valley, Vancouver Island, Okanagan

• Value: Sealed reports by dual-certified engineers, with lender-ready formatting

  
  

Engage ENGIPRO Today

Fast. 5-, 7-, 10-day guarantees

Professional. Multi-licensed engineers, ASTM & lender templates

Friendly & Responsive. Project manager replies within 5 hours

Call 778-300-3935 or try our Instant Quote Tool—tick every lender box and close on time.

Secure your funding—on schedule—every time!

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External Link:

1. BC Financial Services Authority’s lender regulatory guidance - https://www.bcfsa.ca/

2. ASTM E2018-24 Standard Guide - https://store.astm.org/e2018-24.html