Faster draws benefit everyone – when contractors get their draw faster, their material providers get paid sooner which can prevent further delays on the project. And, just as importantly, the lender can collect interest sooner.
ezPOD.app makes delivery verification a breeze, reducing overall verification time from days to minutes. We work with our lenders to automate as much of the process as your comfort level allows, make the draw process faster and easier for your borrowers!
You know the game. You send a request to a third party inspection company to check on materials delivered. Sometimes this takes days. In the mean time, your borrower has already been invoiced by the material provider and is hounding you for funds. It’s not a fun game.
But what if verification was virtually instant? What if you got an email or an API call verifying that materials were delivered, complete with pictures of the delivered materials and the delivery location marked on a map? Well, then you could issue a draw before the borrower even asked for one. Welcome to a 21st century customer experience!
Not only will your borrowers be happier, but your capital partners will be too. When you add ezPOD as a standard part of your draw process, capital partners can rest easy knowing that their funds are only disbursed for materials that are actually used for the project being funded. This makes it easier than ever to offer risk mitigation as a key element of securing the capital you need to run your business.
No long-term contracts, no cancellation penalties, and no “gotchas” of any kind. And there’s no reason to wait any longer – sign up now!