Integrations

Summary:
Integrate LendingWise with Trustpoint.ai to streamline draw management and property construction inspections, leveraging Trustpoint’s AI-driven capabilities for real-time data, compliance, and progress tracking.

Description:
Adding Trustpoint.ai integration will enable LendingWise users to manage construction loan draws and property inspections efficiently. By combining Trustpoint.ai’s AI-powered tools with LendingWise’s platform, users can track project progress, validate work completed, and ensure funds are disbursed accurately.

Key Features of the Integration:

Draw Management Automation:

Allow lenders to manage and approve draw requests directly from LendingWise with Trustpoint.ai providing supporting data and documentation.
Automate validations against pre-approved budgets, ensuring funds align with project milestones.
AI-Powered Property Inspections:

Utilize Trustpoint.ai’s AI tools to analyze inspection data, including photos, videos, and contractor reports.
Generate detailed inspection reports, highlighting completed work and identifying potential delays or issues.
Progress Tracking:

Provide real-time tracking of construction progress, showing completed milestones and remaining work.
Include updates and alerts for schedule deviations or budget overruns.
Digital Documentation:

Store all inspection reports, photos, videos, and draw request records within the LendingWise loan file for easy access and compliance.
Automatically generate audit-ready documentation for draw approvals.
Risk Mitigation:

Leverage Trustpoint.ai’s analytics to flag anomalies in construction progress or cost overruns, helping lenders proactively address risks.
Validate contractor invoices and project scope changes with AI-driven insights.
User-Friendly Workflow:

Enable borrowers or contractors to upload progress updates, photos, and invoices directly to Trustpoint.ai, syncing with LendingWise for lender review.
Provide a clear and intuitive dashboard for tracking draw requests and approvals.
Custom Reporting:

Generate reports summarizing construction progress, draw disbursements, and inspection outcomes for internal stakeholders or borrowers.
Offer customizable templates to meet specific lender or borrower needs.
Why This Is Valuable:

Efficiency: Reduces manual work in managing draws and inspections, saving time for lenders and borrowers.
Accuracy: Ensures draw requests are based on verified progress, minimizing the risk of overpayment or fraud.
Enhanced Oversight: Provides real-time visibility into construction projects, improving accountability and decision-making.
Compliance: Centralized documentation simplifies audit processes and ensures regulatory compliance.
Improved Borrower Experience: Streamlined draw management and inspection updates foster trust and transparency.