Photos aren’t inspections: how verified virtual inspections are changing private and construction lending

Draw approvals depend on proof of work. In private and construction lending, that proof needs to be visual, timely, and accurate.

Early attempts at virtual inspections focused on speed, allowing borrowers to submit photos of completed work. But they didn’t control for risk. There was no way to confirm when the photos were taken, where they came from, or whether they were real. That left lenders exposed to misrepresentation, financial losses, and a breakdown in investor trust.

Rebuilding confidence with verified inspections 

Truepic Vision was designed to solve the root problem: trust. Verified virtual inspections give lenders and capital partners visual evidence they can rely on, not just a faster process.

Each inspection includes:

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For example:

In one instance, a Truepic customer caught an applicant trying to pass off photos of cabinets at a local Home Depot as their own project. Location data it clear the images weren’t taken at the job site—stopping the draw before funds were released.

In another case, the compass direction revealed that several photos submitted as evidence of progress in multiple units were actually taken in the same unit, just from slightly different angles. Without the orientation data, it would’ve appeared that multiple upgrades had been completed.

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When investors can see verified images tied to time, location, and inspection context, and know they haven’t been tampered with, they gain confidence in the outcome. 

“Our partner organizations, whether it’s the institutions that provide our credit facilities or the buyers of our loans, like the Truepic Vision reports. They appreciate seeing that we take this process extremely seriously.” — Christopher Marohn, VP of Operations, Boomerang Capital Partners 

Virtual inspections are giving lenders a competitive edge

Verified virtual inspections help lenders approve draws faster and deliver a better borrower experience—one a borrower will remember when it’s time to choose a lender for their next project. 

Virtual inspections also reduce manual review and back-and-forth, giving your team more time to focus on funding. And by standardizing inspections across deals, they make your process easier to manage and scale.

The same trust-building technology that improves the borrower experience can strengthen investor confidence too. If your capital partners still expect in-person inspections by default, it may be time to show them there’s a better way.

Want to see how verified inspections can speed up your draw approval process? Watch this short product demo: