CONSTRUCTION LOAN INSPECTION

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A draw inspection allows the construction loan lender to know exactly where in the process the construction site is compared to the timeline. As a risk mitigation company, Granite Companies then disperses funds based on the results of the draw inspection.

1,277 Construction Draw Inspection jobs available on Indeed.com. Apply to Construction Worker, Loan Specialist, senior construction inspector and more!

Most of these home construction loans have a limited construction term, often no more than a year. During construction, the lender will disburse money to the builder as work progresses, and you typically make interest-only payments calculated on the amount of the loan that has been disbursed.

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Bank Loan Inspections are required by all Lending Institutions to determine the amount of work that has been completed at a construction site so the Borrower (a Construction Company or Home Builder) can draw on their loan. Draw inspections are typically conducted on a monthly basis, but can be performed as requested by the

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Construction loan inspection and handling fees. Inspection and handling fees for the staged disbursement of construction loan proceeds, including draw fees, are loan costs associated with the transaction for purposes of 1026.37(f).. Loan Estimate – Construction Inspection Fees – 06/14/18.

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We are not your ordinary construction funds administration and risk management company. At Granite Companies, we exceed our clients’ expectations by ensuring every project is delivered on-time, within budget, and free of mechanics’ liens. This keeps your construction loan portfolio on track and reduces your financial risk.

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CFSI Loan Management helps lenders reduce construction loan risk on residential, commercial, and multi-family properties for conventional, warehouse, SBA and commercial (fix and flip) lenders nationwide. Our high touch, customer-centric approach allows lenders to concentrate on originating construction loans while CFSI manages the construction phase from beginning to end.

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A construction lending best practice used by most lenders is ordering draw inspections to validate progress in conjunction with disbursing funds. reduce risk with draw inspections The simplest reason for draw inspections is to follow along with the builder so that you can ensure the loan proceeds are going into the collateral on the loan, and to identify problem loans as early as possible.

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