Draw creation based on an inspection enables you to quickly notify the lender that you are ready for a disbursement without having to provide an extensively detailed request. When submitting a draw based on inspection, you are requesting the lender to disburse based on the completed inspection.
Follow the instructions below to complete the draw submission process:
- Create Draw Request
- Select Create Draw Based on Inspection
- Select the Payee to receive the disbursement
- If the payee is not available select Create New Payee and input payee information
- If the payee is not available select Create New Payee and input payee information
- Provide supporting documentation by clicking + Document (i.e. invoices, receipts, etc.)
- You may provide clarifying notes within the Comment section
- 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
- Submit draw request to 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.