When the regulators are breathing down your neck and you need to know EXACTLY where your loans and borrowers stand, Veritas can help.

Construction Loan Monitoring

Veritas Building & Energy Consultants assists lenders and developers in evaluating new construction or renovation proposals by providing an objective opinion regarding completeness of plans and specifications, proposed budgets and proposed project schedule.

Once a construction project is underway, Veritas reviews the draw request submitted by the owner or contractor, performs a site evaluation, records the progress with photographs and provides a written report. A comparison is made between the amount requested and the progress on the ground. An estimated "% complete" is provided for each line item drawn and for the project as a whole. Opinions regarding schedule are also provided. Additional items may include tracking lien notices and lien releases, change orders, status of inspections, adequacy of the progress, and general observations of construction quality. In most cases these reports can be provided next day. The fees vary according to the specific scope of work.

Additional Services

Our experience in building and development, coupled with our vast network of residential, commercial and multi-family contractors, allows us to provide our Lender Clients with real time, real world answers throughout the life of a loan.

Additional Services Include:

  • Commercial, Site and Residential Draw Inspections
  • Construction Monitoring
  • Pre-Approval Budget Analysis
  • Property Condition Assessments for existing Commercial, Multi-Family and Residential
  • Quality Assurance Inspections
  • ICC & Municipal Building Code Inspections
  • Pre-foreclosure Assessments & Inventory
  • Cost to Complete Analysis
  • Vacant Property and REO Assessments
  • Code Compliance Inspections
  • Weatherization Services
  • Turnkey Project Management for completing foreclosed projects
We pride ourselves on timely, responsive and consistent service. Our staff understands the time sensitive nature of your business and provide next business day service on draw inspections when possible.

We appreciate you giving Veritas a shot and we hope to become your "go to" consulting service.