---
title: Draw Management
description: "LendingWise Draw Management: review borrower rehab budgets, approve draw requests line by line and keep a record through the rehab."
---
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# Draw Management
## Review rehab budgets and approve draw requests with Draw Management.
### **🎥 Video Overview (3 minutes)**
Watch a short walkthrough of the Draw Management module to understand how lenders review budgets, approve draw requests, and maintain audit visibility throughout the rehab lifecycle.
**▶ Watch the overview video:**
---
### **What This Module Does**
The Draw Management module enables lenders to control, review, and approve rehab-related budgets and draw requests within a structured workflow. Borrowers submit line-item rehab budgets (“Scopes of Work”) and request draw disbursements against approved line items. Lenders retain full approval authority at every stage.
The module provides:
- Line-item budget visibility
- Formal draw request submissions for borrowers
- Controlled approval and rejection workflows for lenders
- Full audit history across the loan lifecycle
---
### **What This Module Does Not Do**
- **Automatically disburse funds**
Approval in LendingWise authorizes a draw but does not move money. Lenders remain responsible for releasing funds outside the platform unless integrated with a third-party service.
---
#### **Why Lenders Use Draw Management**
- Enforces approved rehab budgets before funds are released
- Reduces draw disputes and borrower back-and-forth
- Creates a permanent audit trail for compliance, investors, and servicing
- Aligns inspections, budgets, and draw approvals in a single workflow
---
#### **Who This Module Is For**
### **Lenders**
- Review and approve or reject scopes of work
- Review and approve or reject draw requests
- Review and approve or reject budget revisions
- Maintain audit and compliance visibility
### **Borrowers (Lender Context Only)**
Borrowers interact with the system only to:
- Submit an initial scope of work
- Request draws against approved line items
- Request revisions when permitted by lender settings
All borrower actions require lender review and approval.
---
#### **High-Level Draw Lifecycle**
1. Borrower submits a Scope of Work
2. Lender reviews and accepts or rejects the Scope of Work
3. Borrower submits a Draw Request
4. Lender reviews and approves or rejects the Draw Request
5. Lender releases funds outside the platform
---
#### **Getting Started (One-Time Setup)**
### **Enabling Draw Management**
**Standard Mode (Default)**
- Allows lenders to manually record draws
- Does not support borrower-submitted budgets or draw requests
**Premium Mode**
- Enables borrower-submitted scopes of work
- Enables line-item budget enforcement
- Enables draw and revision requests
Pick Standard or Premium for each loan file in the Mode setting on its Draw Management tab. The choice saves right away, with no confirmation. Standard and Premium keep separate draw records on the same file: switching modes hides the other mode's draws and changes the funded, holdback and balance totals with no warning, so pick a mode before any draws are entered and don't switch.
---
#### **Lender Configuration & Settings**
### **Feature Settings**
| **Setting** | **Description** |
| --- | --- |
| Default Draw Fee | Suggested fee applied per approved draw |
### **Budget Settings**
| **Setting** | **Description** |
| --- | --- |
| Budget Enforcement | Enforce a fixed budget structure or allow open-ended budgets |
### **Revision Settings**
| **Setting** | **Description** |
| --- | --- |
| Revision Permissions | Control whether borrowers may request revisions and whether total budget increases are allowed |
**Lender Consideration:** Allowing budget increases may require underwriting or credit re-approval. Most lenders restrict increases to prevent scope creep.
---
#### **Roles & Permissions (Lender View)**
### **Borrower Permissions**
Borrowers may only:
- Submit scopes of work
- Submit draw requests
- Submit revision requests (if enabled)
- Upload documents
- Add notes at the line-item level
### **Lender Permissions**
Lenders may:
- Accept, reject, or request revisions on scopes of work
- Approve or reject draw requests
- Approve or reject revision requests
- Communicate via line-item notes
---
#### **Borrower Workflow (What Lenders Will See)**
### **1. Scope of Work Submission**
Borrowers submit a line-item rehab budget when requested by the lender, typically pre-appraisal.
**Lender View:**
- Budget categories and line items
- Cost amounts
- Completed work indicators
- Supporting documents and notes
**Lender Actions:**
- Accept
- Reject
- Request revisions
Once submitted, the request appears in the **Draw Management tab** and enters review status.
---
### **2. Draw Request Submission**
Borrowers may submit draw requests only after a Scope of Work is accepted.
**Lender View:**
- Requested amounts per line item
- Progress against approved budget
- Supporting documentation
- Borrower notes
**Lender Actions:**
- Approve
- Reject (with reasons provided per line item)
---
### **3. Revision Request Submission**
Borrowers may request revisions to approved budgets if permitted by lender settings.
**Lender View:**
- Modified line items and amounts
- Net impact to total budget
- Supporting documentation
**Lender Actions:**
- Approve
- Reject
---
### **4. Draw Status & History (Borrower Visibility)**
Borrowers can view:
- Current draw status
- Approved vs requested amounts
- Historical disbursements
This visibility reduces borrower inquiries and disputes.
---
#### **Lender Workflow: Review & Approval**
### **Reviewing a Scope of Work**
**Location:** Draw Management tab within the loan file
**Prerequisite:** The Draw Management tab only appears after "Will the property need rehab or construction?" is set to Yes and saved on Loan Info. Rehab Cost Financed, Rehab % Financed and Holdback Remaining come from Loan Info's financed rehab; if none is entered they show $0.00.
**Actions:**
- Accept
- Reject
- Request revisions
---
### **Reviewing Draw Requests or Revisions**
**What to Review:**
- Line-item completion values
- Requested amounts
- Supporting documentation
- Notes and comments
**Actions:**
- Approve
- Reject (with line-item-level reasons)
---
### **Approving & Funding Draws**
**Approval Effects:**
- Status updates to **Approved**
- Borrower may submit additional draws or revisions
- Notifications are triggered automatically
**Important:** Approval does not release funds. Lenders must disburse funds outside LendingWise unless using an integrated service.
---
#### **Automation & Merge Tags**
### **Automated Actions**
The automation engine can:
- Notify borrowers and lenders on submission, approval, or rejection
- Trigger different notifications for:
- Budget submissions
- - Draw requests
- - Revision requests
### **Automation Triggers**
- Submitted
- Accepted
- Rejected
---
### **Available Merge Tags**
- ##Rehab Construction Financed##
- ##Total Draws Funded##
- ##Current Escrow Balance##
- ##Project Completion Percentage##
- ##Default Draw Fee##
- ##Summary of Draws##
- ##Draw Request Latest##
- ##Draws Fee Latest##
- ##Date Requested Latest##
- ##Draw Status Latest##
- ##Draw Approved Percentage Latest##
- ##Approved Draw Amount Latest##
- ##Funded To Borrower Latest##
- ##Date Funded Latest##
- ##Draw Notes Latest##
### **Where Merge Tags Can Be Used**
- Emails
- Documents
---
#### **Trinity Integration (If Enabled)**
### **Trinity Handles**
- Initial budget review and feasibility products
- Inspections
- Detailed inspection reports
**Lenders pay Trinity directly.**
### **LendingWise Handles**
- Capturing borrower-submitted budgets and draw amounts
- Ordering inspections through the platform
- Sending data to Trinity and returning reports to the loan file
Lenders retain final approval authority regardless of inspection outcomes.
If you would like to see the full knowledgebase article for this integration, see [Trinity Real Estate Solutions Integration (Draw Management)](https://help.lendingwise.com/knowledge/trinity-integration?hsLang=en)
---
#### **Statuses & Notifications**
### **Draw Status Definitions**
| **Status** | **Visible To** | **Meaning** |
| --- | --- | --- |
| Submitted | Borrower / Lender | Awaiting lender review |
| Approved | Borrower / Lender | Authorized for funding |
| Rejected | Borrower / Lender | Not approved; resubmission required |
### **Notifications**
- Fully driven by the automation engine
- Email content is fully customizable
- Delivery method: Email
---
#### **Audit Trail & History**
All draw activity is permanently recorded in a history timeline, including:
- Budget versions
- Draw submissions
- Approval and rejection decisions
### **Who Can View Audit History**
- Lenders
- Borrowers
If you need any additional help, please reach out to helpdesk@lendingwise.com.
Good to know: company draw settings (templates, scope of work categories and line items, Draw Fee and borrower permissions) are in Settings \> Platform Settings \> Draw Management. Approving a draw doesn't send emails automatically. In both modes, the approved amount counts as funded and the draw fee isn't taken off the totals.
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