Progress Verification
Verify construction progress remotely before approving draw requests. Camera access gives lenders visual confirmation that work matches reported progress.
Benefits for Lenders
Remote Verification
Verify progress without sending inspectors. Check from your desk.
Faster Draws
Quick visual checks speed up the draw approval process.
Reduced Risk
Visual evidence supports draw decisions. Less reliance on reports alone.
How It Works
Risk Reduction
Visual verification reduces the risk of approving draws for work not yet completed. Combined with traditional inspections, cameras provide an additional layer of verification that protects the lender's position.
Frequently Asked Questions
Can we require cameras for construction loans?
Yes. Many lenders now include camera requirements in construction loan terms. It's a reasonable risk management measure that benefits all parties. Borrowers benefit from faster draws; lenders benefit from better oversight.
Does camera access replace inspections?
It can reduce inspection frequency, but most lenders still require periodic physical inspections for key milestones. Cameras handle interim verification; inspectors handle detailed quality checks.
What if the borrower objects to camera requirements?
Frame it as a benefit: faster draw processing, less disruption from inspections, better documentation for everyone. Most borrowers appreciate the transparency once explained.
How do we manage access across multiple projects?
Our platform supports portfolio views. Loan officers can monitor multiple projects from a single dashboard, each with their own camera feed and access controls.
Related Topics
Add to Your Loan Requirements
Contact us about lender programs and portfolio management options.
