Draw Management
Line-item rehab and construction budgets, draw requests, inspections and approvals, with approved draws flowing into Servicing 3.0.
Enabled per companyDraw Management is switched on per company. If Platform Settings → Draw Management shows an add-on message, contact [email protected].
Draw Management turns a construction or rehab holdback into a line-item budget that the borrower draws against as work is completed. The lender keeps approval authority at every step.
Watch the Draw Management video
Standard and Premium
Each rehab loan runs in one of two modes, chosen with the Mode dropdown on the loan file's Draw Management tab:
| Mode | What it is |
|---|---|
| Standard | A simple draw log. You enter each draw by hand (amount requested and approved, rehab % financed, fee, wire) with a document per draw. |
| Premium | The full workflow: a line-item Scope of Work from your templates, a branded borrower/contractor form, draw requests against line items with evidence, line-by-line review, revisions, inspections, holdback tracking and PDF draw statements. |
Set it up
Platform Settings → Draw Management:
- Scope of Work templates: reusable budgets made of categories and line items. Every company starts with a default template, and you can add more.
- Template mapping: map a template to a loan program so the right budget applies automatically.
- Borrower permissions: whether borrowers can add, edit or remove categories and line items, submit revisions, or exceed the financed rehab cost on a revision (recommended off).
- Draw Fee: a flat fee deducted from each approved draw to compute the wire amount.
- Allow users to delete uploads.
Standardize your bookPublish one template, map it to a loan program and lock what borrowers can change. Every deal then starts from the same budget.
How a draw works
- The borrower or contractor builds or confirms the Scope of Work on a branded web form (no login needed). You accept it, reject it or ask for changes.
- After closing, they request draws against specific line items, attaching photos and documents.
- Optionally, order an inspection through Trinity.
- You approve or reject each line, with a reason.
- In Servicing 3.0, marking the draw Wire Sent disburses it against the holdback and steps up the loan balance.
Approval does not move moneyApproving a draw authorizes it; your team still sends the funds.
The tab appears on a loan file only when the property is flagged as needing rehab (Property Info → Does this property need rehab? = Yes), and the budget is measured against the Rehab Cost Financed. A live summary on the tab shows holdback remaining, total funded, completion % and the date of the last draw.
Automation
Use the Draw Management Status condition in Automation Rules to send notifications or create tasks when a scope of work, draw request or revision is submitted. Draw figures are also available as merge tags in your e-mail and document templates.
Full detail: in LendingWise, click User Guide on Platform Settings → Draw Management or on any loan file's Draw Management tab.
Updated 9 days ago