Submitting a draw request by detail enables you to specify the dollar amount, per line item, you want to have disbursed. To submit a detailed draw submission, follow the steps below:
- Create a Draw Request
- Select create draw by detail
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Select the payee to receive the disbursement
- If the payee is not available, select create new payee and input the payee information
- If the payee is not available, select create new payee and input the payee information
- Enter a dollar amount or a percentage per line item for your selected payee
- You may choose a percentage of the schedule value* by clicking the drop-down
- Line item-specific attachments may be uploaded here by clicking the paperclip
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Commentary may be provided on a line item level by clicking the chat icon
- Click Next
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NOTE: If enabled by the lender, OneSite users may be able to submit draw requests with a value greater than the balance to finish recorded in the budget
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NOTE: If enabled by the lender, OneSite users may be able to submit draw requests with a value greater than the balance to finish recorded in the budget
- Additional payees may be referenced for this request by selecting yes in the pop-up
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You may provide supporting documentation by clicking +document (i.e., invoices, receipts, etc.)
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You may provide clarifying notes within the comment section
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Select the point of contact, availability if known, and any special instructions for the draw inspection
- If contact is not available, select contact not listed, and input contact information
- If the inspector does not need to reach out to schedule the draw inspection, then select no scheduling necessary
- Click Save to submit the draw request which will notify the loan administrator for review.
Draw submissions will display the current status of Approved, Pending, or Unsubmitted.
Note: Experiences are controlled by the lender, and not all user's experiences will be the same. If you do not have access to sections of the project/loan, contact the lender directly.
*Scheduled Value: Total value of a line item - funds advanced at closing. Additional budget information can be reviewed here.