Collateral Underwriting and Loan Origination Products
Budget Review (Residential and Commercial)
Trinity Inspection Services reviews residential and commercial construction plans and budgets to determine if the budget accurately reflects the scope of work necessary to complete the project as designed. Trinity will conduct a detailed review of the plans and specifications, the appraisal, and the cost breakdown to determine potential issues that may put the lender»s collateral at risk.
Upon identification, Trinity communicates areas of risk to the lender, such as front-end loaded budget, misallocated line items, scope and budget inconsistencies, and omitted items – all of which could place the value of the collateral at risk. With Trinity»s prepared budget reviews, lenders can confidently provide funds with the knowledge that the entire construction project is financially feasible.
Learn moreBuilder Information Review (BIR)
Should a lender need more information regarding the builder on a project - before or during construction, Trinity can conduct indepth research on the builder»s background. Select from a menu of research items including: Trinity»s builder database, builder application (provided by Trinity or lender), business and contractor license, OFAC, IRS TIN matching, insurance, BBB, judgments, media/news, association memberships, reference checks, criminal background, credit check, builder qualifications and more.
Construction Bid Assessment
In an effort to save you time and money, Trinity can also manage bid assessments for you. The company will obtain up to three competing bids for completing a construction project for the lender. Trinity then prepares a scope document, securing up to three bids from local contractors, and then presents the bids to the bank.
Document Research and Retrieval
Obtaining public documents is a difficult task, especially when not all county and city records are stored electronically. Trinity will retrieve blueprints, fire code ordinances, court documents, compliance records and other public documents from anywhere in the nation in a fraction of the time.
Feasibility Analysis
Mitigate the risk associated with rehab/remodeling projects with the Trinity Feasibility Assessment. Our feasibility study is conducted using the lender-provided scope of work and budget. Our in-house Construction Management Specialist will review the project plans, specifications, construction contract, permits and cost breakdowns as necessary to ensure the project»s budget is adequate to complete the work described.
Foundation Survey
We understand lawsuits and fines can occur when homes are built over property lines and block municipal easements. Trinity’s Foundation Survey provides the positional data on a foundation that has been poured and is cured, ensuring the foundation was constructed in the location, and at the elevation, authorized in the plot plan or site plan.