What happens when my Contractor is ready for a Draw Inspection?

Your Renovation Concierge Specialist will help you and your Contractor order the following:

  1. Draw Requests
  2. Change Orders
  3. Lien Releases
  4. Check Requests
  5. Final Close Out Inspections
  6. Final Title Updates

This process will be completed in three simple steps:

  1. If your loan is a FHA 203(k) Streamline Option, you should send an e-mail directly to the Renovation Concierge Service (renovation@homebridge.com). Your personal Renovation Concierge Specialist will contact the original HUD Appraiser to complete the Final Close Out Inspection and will forward you the necessary papers for you and your Contractor to sign. You then simply e-mail the signed documents back to your Renovation Concierge Specialist and he or she will order the final title update. We will order the final check request when we receive the final inspection from the HUD Appraiser.
  2. If your loan was a FHA 203(k) Full/Consultant Option or FNMA HomeStyle, either you or your Contractor should contact your assigned HUD Consultant. He or she will conduct the Draw Inspections and have you and your contractor sign the necessary documents to order the draw funds. Your HUD Consultant will send the completed paperwork directly to your Renovation Concierge Specialist. We will review the documentation and forward them to HomeBridge’s Corporate Draw Department.
  3. Once HomeBridge’s Corporate Draw Department receives either the HUD Appraisal Inspection or the HUD Consultant Inspection the average timeframe to receive the draw funds is five to six business days. (Typically one business day to order funds, two business days to process funds and two days for UPS delivery.)