[Demo] How Truepic Vision works for private and construction lending

Ensuring that project progress is accurately and credibly documented is essential to protecting your capital and reducing exposure to fraud and financial losses.

In an increasingly competitive lending market, the pressure to fund faster is real, but so are the risks. Slow on-site inspections frustrate borrowers, but compromising with digital photos/inspections can expose you to outdated or falsified information, leading to potential losses. 

Lenders today must strike a balance between speed and trust in how they approve draws.

Challenges in the process today: balancing trust with speed

Slow turnaround times delay funding

On-site inspections can take 3–5 days to complete, especially when relying on third-party vendors. Scheduling, travel time, and inspection backlogs all create bottlenecks that delay funding.

“Borrowers hate waiting three days to find out when their money’s coming.” — VP, Lending, Regional Private Lender

Cumbersome borrower experience creates friction

Draw inspections often require coordinating visits, waiting for inspectors, and walking them through the site. If projects are remote, or the borrower simply isn’t available, it can derail timelines even further.

“We’ve had people ghost inspectors or forget about their appointment—then we have to start the scheduling process all over again.” — Draws Manager, National Private Lender

Relying on emailed photos opens the door to fraud

Some lenders try to save time by asking borrowers to email photos instead. But those images can be old, borrowed from another project, or digitally altered, making them unreliable for funding decisions.

“We’ve had people send us photos from other job sites. Others reuse the same picture over and over again. If I can’t prove where the picture came from, I can’t approve the draw.” — Head of Operations, Regional Private Lender 

How Truepic makes draw inspections faster and fraud-proof

Truepic Vision lets you verify draw progress without sending someone onsite. Borrowers complete inspections virtually using their smartphones, and your team gets trusted, tamper-proof results in minutes.

Here’s how Truepic ensures what you’re reviewing is real:

• Every photo and video is automatically verified for time, date, and location
  
  
• The secure camera prevents uploads and detects if a device is compromised
  
  
• Common fraud tactics, like photo reuse or manipulation, are flagged automatically
  
  

Watch this 2.5-minute demo to see how a virtual inspection works: 

Benefits of using Truepic Vision for construction draws

Accelerate draw approvals

Truepic reduces inspection turnaround from days to hours. Borrowers can complete inspections on their own time—often in as little as 10 minutes—allowing you to fund faster and keep projects moving.

“We’ve taken traditional inspections that took 3–5 days and turned them into same-day approvals. That keeps our borrowers happy and our capital moving.” — Construction Lending Lead, National Private Lender

Minimize fraud risk

Truepic’s technology verifies each photo was taken at the project site, at the date/time stated and doesn’t misrepresent the project—so you know the images truly reflect the current state of the project. 

“We had a borrower try to pass off photos taken at another project for a draw. Truepic flagged it immediately.” — VP, Servicing Team, National Private Lender 

Simplify the borrower experience for convenience and repeat business  

Truepic Vision gives borrowers more control over the inspection process—no need to schedule an in-person visit or wait days for a third-party. Most inspections are completed in under 10 minutes, allowing borrowers to move at their own pace and lenders to fund faster.

“Our customers love having control over the speed of the inspection process, and Truepic Vision gives us the ability to offer a quicker turnaround time without compromising the integrity of the inspection.”— Senior Manager, Construction Feasibility and Draws, Kiavi

And because the process is standardized, it becomes easier for borrowers to engage again in the future—driving repeat business and smoother relationships.

“The new standardized process allows borrowers to understand our process and know exactly what to do. It’s now much easier for them to become repeat customers because our application, draw, and payoff processes are all streamlined. They know, ‘I need these five things to get money from Boomerang.’ It’s simple: wash, rinse, repeat.” — Christopher Marohn, VP Operations, Boomerang Capital Parters

Discover how Truepic can speed up your draw process

Truepic Vision gives lenders the confidence to approve draws quickly, without sacrificing oversight.

Curious how it could fit into your operations? Explore our solution or reach out to schedule a custom demo.