Inspection fees add up. The average cost for a draw inspection runs $150–$200 per visit. With most projects requiring 8–12 inspections, that’s nearly $2,000 per project — money straight out of your profit. And because every visit means scheduling an inspector and waiting for approval, those old-school inspections also slow down your project timeline.
Most lenders still rely on this outdated system: every time you request a draw, they send someone to your property — and charge you for it. At anywhere betwee $125 and $250 per inspection, that expense adds up fast.
At North Oak, we do it differently. We’ve replaced costly site visits with a simple, app-based video process that gets your funds released faster and keeps more money in your pocket.
How It Works (Step by Step)
- Submit your draw request in the North Oak borrower portal.
- Download the Truepic Vision app to your phone (iOS or Android).
- Open the secure text link we send after your request—it launches the Truepic app for your project.
- Record a quick walkthrough video showing the completed work.
- Upload the video directly to your North Oak borrower portal for review.
- Our Portfolio Manager verifies it and processes your draw quickly.
Note: We’ve moved to video only for virtual inspections. No photo uploads are needed or accepted for draws.
Why It Matters
- Faster funds – No scheduling delays; your video goes straight to review.
- Lower costs – Traditional on-site inspections can cost nearly $2,000 per project. With North Oak, inspections are free.
- Simple process – Record a video on your phone, upload it, and get paid faster.
Why We Made the Switch
We want your projects to move smoothly, without wasted time or wasted money. By replacing in-person inspections with a free, phone-based system, we’re helping investors like you keep more profit in every deal.
Draw requests shouldn’t slow you down or cost you extra. With North Oak, you get paid faster and keep more in your pocket—because we’re invested in your success.
