Lender Draw Inspections

Draw inspections, also known as progress inspections or completion evaluations, verify the advancement of a construction project, residential or commercial, for lenders. During this process, the draw inspector engages with the builder and lender to help execute it..

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Lenders use draw inspection to determine progress of the construction project in order to release funds to the builder. The draw inspections help mitigate risks that are inherent to a typical construction project through regular on-site inspections. The draw inspector essentially becomes the eyes and ears for the lender on the job site.

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To ensure the project is completed on time and on budget, a builder will send periodic draw requests for labor and materials used during their construction efforts according to a draw schedule. The lender will then disburse the funds based on a draw requests based on the confirmation of the construction progress provided by the inspector.

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During a draw inspection, our inspectors will capture the following: :

• The amount of work completed for project line items,

• The percentage of materials on and off site that haven't been consumed,

• Any observations made during the inspection,

• Photos of construction progress,

• And a progress report to the lender.