Update construction progress on a loan as a Lender

You can update the construction progress on a loan even if you aren't requesting a third-party inspection through Built. Like a third-party inspection, this submission makes more funds available for draw. There are two ways you can update the construction progress: submit a lender inspection or manually update item progress.

Submit a lender inspection

1. Find your loan.

2. Click Submit Lender Inspection on the Inspections widget from either the Dashboard or Budget page

   

3. Enter the progress for each item field on the Items tab.The default value for progress is set at 5% increments; use the toggles at the top to change the inputs to Value Based or Precise Percentage.

   Note: If you clicked Create Lender Submitted Inspection in a Project Snapshot, start on this step.   

4. On the Photos tab, drag and drop your images or click Browse Files to add photos of the inspection.

   Note: Accepted file types include JPG, PNG, and GIF.  

5. On the Files tab, drag and drop or click Browse Files to add additional files for the inspection.

   Note: The file size limit is 1 GB.  

6. Add an optional Inspection Comment.

   

7. Under Action Taken At, select the date of the inspection. This field defaults to the current date.

   

8. Click Save to submit or Cancel to discard changes.

   

9. Click Confirm in the pop-up.

Manually update item progress

You can also manually adjust an item's progress through the budget’s Options. This method doesn’t include photos or allow you to attach additional files. If you want to use these items, you should submit a lender inspection instead. 

1. Find your loan.

2. Click the Options button.

   

3. Click Manually Update Item Progress.

4. Enter the progress percentage in the % Progress field for each item.

5. Click Review.

   

6. Add a Comment to give a reason for your update.

   

7. Click Submit to submit the update or Cancel to discard changes.