What is included in a draw inspection report?

The sections of a typical report.

Formats differ by lender and vendor, but most residential draw inspection reports carry the same building blocks:

• Identification. Property address, loan or project number, borrower and builder names, inspector, inspection date.
• Line-item progress. Each budget line from the draw sheet with the inspector's percent complete, often beside the percentage requested.
• Photographs. The address or front elevation, each side of the structure, and the work behind each funded line; see photo requirements.
• Comments and exceptions. Anything that conflicts with the request: work billed ahead of progress, unapproved changes, stalled activity, missing materials or safety concerns the scope asks the inspector to note.
• Lender questions. Answers to the lender's own checklist, such as whether workers were on site, whether a permit was posted or whether the site was secured.

Depending on the program, reports may also cover stored materials (location, quantity, condition), site conditions and weather, and the inspector's estimate of overall completion.

What a report does not include.

A draw inspection report is evidence, not a decision. It does not approve the draw or set the amount to fund. It is not a code-compliance certificate, an engineering review or an appraisal of value; see draw inspection vs. appraisal. The lender reads the report alongside the request, the budget, invoices, lien waivers and its own policy.

Why it matters for lenders.

The report is often the only independent record of what the lender's money bought at each draw. Bank examiners review construction disbursement files, as the FDIC's examination manual and the Federal Reserve's Commercial Bank Examination Manual both describe. A report in the same format every time, with dated photos and line-level progress, is easier to review now and easier to defend later.

How RAZE handles it.

The RAZE Mobile App takes the inspection from field capture through the lender's questionnaire to a PDF report submitted directly from the site. Lenders set the required questions and photos, photos link to the draw sheet line items they support, and every photo carries GPS coordinates, date and time stamps and the device behind it. Every RAZE report follows one standard, whether a RAZE Marketplace inspector or the lender's own inspector did the work.