FAQ
Draw inspections create the documented evidence lenders need for funding decisions and audits. This page explains what makes an inspection record audit-ready, how long records should be retained, and how software reduces documentation and key-person risk.
Reviewed by RAZE ·
Draw inspections help confirm that requested funds correspond to visible progress. They can reveal incomplete work, inconsistent percentages, delays and documentation gaps before additional funds are released.
See how RAZE supports audit-ready recordsAn audit-ready record includes the order, scope, assignment history, timestamps, inspector identity, photographs, observations, completion percentages, report versions, reviewer activity and the final disposition associated with the draw.
See how RAZE supports audit-ready recordsRetention periods depend on applicable law, lender policy, loan type and regulatory requirements. Lenders should establish a formal retention schedule with legal and compliance advisers and ensure reports, photographs and metadata remain retrievable.
See how RAZE supports audit-ready recordsSoftware captures records during the normal workflow instead of relying on employees to organize emails and files afterward. Required fields, automated timestamps, centralized attachments and status controls help prevent incomplete inspection files.
See how RAZE supports audit-ready recordsKey-person risk occurs when critical inspection knowledge and documentation are held by one employee in personal email, spreadsheets or local files. Centralized workflows make the information accessible and reconstructable when personnel change.
See how RAZE supports audit-ready recordsYes. Configurable requirements can determine which photographs, responses, documents and approvals are required before an inspection is submitted or delivered. The lender remains responsible for defining and approving its policies.
See how RAZE supports audit-ready recordsNo. The report provides evidence supporting the review. The lender remains responsible for reconciling the inspection with the draw request, budget, loan documents and required compliance documentation.
See how RAZE supports audit-ready recordsRAZE centralizes orders, photos, percentages and review history so inspection files stay complete and audit-ready.
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