Lender Inspection Solutions

Construction Progress Inspections (Draw)

Six phased on-site inspections are completed to verify and photograph construction progress as it relates to draw requests.   A pre-drywall inspection is included for the home buyer.  This helps identify defects in system components that may be difficult to repair after the application of drywall.   Construction Progress Inspections may be customized to meet the needs of the lender.




Collateral Condition Inspection

A scaled down version of the home inspection with more narrative about the probable improvements required in the event of a foreclosure.  Such items may include narratives about interior walls, paint, floor coverings, fixtures, electrical, roof and other general inspection items.  This inspection is designed for second mortgages or lines of credit when an appraisal is not requested, but the loan-to-value ratio is near or exceeds 100%.  It does not determine value, but it does point to conditions of the collateral that may affect lending decisions.



Exterior Photo Report

Simply a streetside exterior photo.  Used to place in loan files and confirm that there is in-fact a home at the subject address.  This service is usually requested for second mortgages or lines of credit where a tax assessment is used to determine value and where the loan-to-value ratio is usually less than 100%. It also helps identify some potential issues seen from the street such as visible roof problems, fire damage, or reveal that a home is for sale.   Some lenders do not provide lines of credit on homes currently for sale.