How QuickDraw Fund Control made draw approvals even faster

“Truepic helps us turn inspections around much faster than we ever could with traditional methods, which means our clients can approve draws faster and their borrowers get access to funds quicker. That’s a win for everyone.” — Jeremy Noble, VP, Director of IT and Field Operations, QuickDraw Fund Control 

Challenge 

As a nationwide fund control provider operating across all 50 states, QuickDraw Fund Control plays a vital role in managing risk for construction lenders and ensuring that their borrowers get their draws funded quickly and accurately. This helps build long-term business relationships. 

QuickDraw was already delivering superior service to its clients but saw an opportunity to raise the bar even further. Faster, more flexible site inspections became a key area of focus, both with their own inspection team and by empowering on-site contacts, like project managers and superintendents, to perform inspections themselves. 

They needed a solution that could support quick turnaround by allowing inspections to be dispatched to any on-site contact. Their previous platform required a licensed user for every project, even when that person only submitted a few inspections for a project, adding unnecessary cost and complexity. 

Solution 

QuickDraw looked to Truepic for a platform that was easy to use, for both internal staff and site contacts, and because it ensured submitted photos were authentic and verifiable. Truepic’s per-inspection pricing model also aligned far better with their business needs. 

By integrating Truepic into their workflow, they gained:

• Ease of dispatch: Truepic’s platform allowed QuickDraw to send inspection forms to anyone on-site, whether that be a project manager, superintendent, or an owner’s representative without worrying about software licenses or device limits.
• Tamper-proof verification: Truepic’s photo and video verification (time, location, authenticity) provided additional reassurance which is an essential feature for cautious lenders.
• Tailored inspection list via API: Using the Truepic Vision API, QuickDraw integrates inspection data with their construction finance software platform to automatically generate inspection lists, specifying photo requirements based on each project’s scope of work.

Results 

Since adopting Truepic, QuickDraw has achieved:

• Faster draw turnarounds: Inspections that once required travel and scheduling can now be completed in a day or two by onsite project contacts, accelerating the draw process.
• Happier lender clients and borrowers: Faster inspections mean faster funding, one of the keys to a successful project. General Contractors also appreciate being able to export their photos from Truepic for use in their own internal reports.
• Greater flexibility and cost efficiency: QuickDraw reduced inspection costs while making it easier to complete site inspections.

“The advantages are plain to see. We can send the form to whoever we want, whenever we want. That’s huge for us.” — Jeremy Noble, VP, Director of IT and Field Operations, QuickDraw Fund Control