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How to Manage Draw Requests from Multiple Projects?

Managing draw requests from multiple projects requires using a centralized system giving you visibility into all active...

How to Manage Private Construction Loans with Software Solutions

Managing private construction loans with specialized software means using a platform designed for the complexities of...

What is the Role of Mobile Apps in Managing Draw Requests On-Site?

Mobile apps enable contractors, builders, and inspectors to manage draws from the job site instead of waiting to return...

What is a Draw Inspection?

A draw inspection is a site visit by a lender's inspector to verify work claimed in a draw request is actually complete...

How to Pay Subcontractors from Construction Draws

Subcontractors are typically paid directly from construction loan draws once their work is completed and verified. The...

What Are the Steps Involved in Automating Construction Loan Draws?

Automating construction loan draws involves connecting your loan management system with project tracking software so...

What is a Construction Draw?

A construction draw is a disbursement of funds from a construction loan released after completing a specific project...

What is a Draw Request?

A draw request is a formal request submitted to a lender asking for release of construction loan funds after completing...