Vetting Lenders: What's your take on 'stated income' DSCR programs?

Hey everyone, Clint Barker from Barker Bridge Finance here. I'm seeing more lenders push 'stated income' or 'no doc' DSCR programs lately, especially for investors with multiple properties or complex tax returns. On the surface, it sounds great – faster closings, less paperwork for the borrower. I've had a few deals recently where this could have been a game-changer, like a client with 8 properties trying to refi a 3-unit into a DSCR loan, but their K-1s were a mess. We ended up going with a more traditional DSCR lender who required full tax returns, which added 3 weeks to the process. My concern is the actual reliability and execution of these 'stated' programs. Are they truly as streamlined as advertised, or do they often hit snags in underwriting? What are your experiences with these lenders once you get past the term sheet? Are the rates and points competitive, or is there a significant premium for the reduced documentation? I'm particularly interested in hearing about any specific lenders you've had good (or bad) experiences with in this niche. Trying to figure out if it's worth adding to my arsenal or if it's just another marketing gimmick that falls apart under scrutiny.