Bankers

Mortgage Interest Fluctuations Reveal Homebuyers’ Rate Sensitivity
At QuickDraw Fund Control, we like to keep tabs on the trends that are affecting builders in the markets we serve. Some of the biggest news in 2022 has been the increase in mortgage interest rates. The average 30-year fixed mortgage rate is up by more than two percentage points since the beginning of the year, a fact that is seriously undercutting the purchasing power of homebuyers across the country. After spiking to well over 6% in June, rates have again shifted upward. According to data from S&P Global, the average interest rate for a 30-year fixed mortgage in October 2022 is 7.16% to 7.26%.Read more
September 12, 2022
QuickDraw Fund Control
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The Importance of Understanding the Fund Control Process
At QuickDraw Fund Control, we understand that the fund control process can seem complicated, but actually, it is not. That’s why we provide professional and reliable guidance for our clients throughout the entire project. We process draw requests, perform Site Inspections and make sure that you are kept updated along the way.Read more
June 16, 2017
QuickDraw Fund Control
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5 Things QuickDraw Looks for on an Invoice
Invoices are a very important component of the fund control process. They are legal documents that show precisely what has been completed in the field. QuickDraw Fund Control depends on timely and accurate invoices during draw requests. An invoice helps the lenders to determine if a particular line item draw request is approved and monies can be released for funding.Read more
June 9, 2017
QuickDraw Fund Control
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What Should Lenders Ask When Looking for a Fund Control Company?
If you are on the hunt for a fund control company to handle key duties during a construction loan, it pays to ask the right questions. This will help you find the right fund control company to protect your best interests and help make the process go as smoothly as possible for everyone involved.Read more
May 22, 2017
QuickDraw Fund Control
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QuickDraw Providing Site Inspection Services for New Commercial Development in Victorville
Construction has been progressing on a new multi-tenant commercial construction development in Victorville, California. Ultimately, the property will house several popular restaurant chains. QuickDraw Fund Control is excited to be involved in the construction project. We’ll be providing site inspection services throughout the duration of development.Read more
May 11, 2017
QuickDraw Fund Control
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QuickDraw Completes Fund Control Services for Multi-Million Dollar Home Construction Project in Brentwood
At 320 North Gunston Drive in Los Angeles, there sits a spectacular brand new home in the gated community of Brentwood Circle. This exclusive residence represents one of the most expensive custom home construction projects that QuickDraw Fund Control has provided cost review, inspection and fund control services. The home is currently listed for $12,950,000.Read more
May 3, 2017
QuickDraw Fund Control
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QuickDraw Fund Control Helps with Mission Grove Industrial Project in Ontario, CA
Since the projects beginning in 2015, QuickDraw Fund Control has provided inspection and fund control services for the Mission Grove project, a new light industrial facility in Ontario, California. The five-building, concrete tilt-up project is located on 14 acres of land, stretching over 500,000-square feet, with construction currently in progress. Read more
April 10, 2017
QuickDraw Fund Control
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A Brief Review of QuickDraw’s Release Process
At QuickDraw Fund Control, one of the most important services we provide is processing releases. Because it’s such an important part of processing Draw Requests, we thought it’d be a good idea to share a review of QuickDraw’s release process. Take a look!Read more
April 4, 2017
QuickDraw Fund Control
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5 Reasons Why Fund Control Matters
At QuickDraw Fund Control, we understand that lenders have a lot on their plate. With so many responsibilities to tend to, it is our mission to make their job easier. We do this by helping lenders navigate through the construction process. Read more
March 21, 2017
QuickDraw Fund Control
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QuickDraw Services Clients from Coast to Coast
Last week, we talked about some of the most common questions QuickDraw Fund Control gets when talking with lenders. But another popular question topic we receive centers around where we work. Oftentimes, prospective clients want to know about what areas we serve and how our team services such a variety of geographic regions throughout the country.Read more
March 10, 2017
QuickDraw Fund Control
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Get to Know QuickDraw Fund Control’s Services
At QuickDraw Fund Control, our company’s goal is to reduce construction loan risk, facilitate the quick deployment of capital and provide the lender’s client with superior service. In order to do this, we create well-developed and customized services for all our clients. Interested in knowing what services we can provide?Read more
March 8, 2017
QuickDraw Fund Control
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QuickDraw Fund Control Takes On New Multi-Family Construction Project in Ontario
QuickDraw Fund Control recently signed on to handle the fund control and on-site inspection services for a massive new multi-family residential construction project in Ontario, California. Known as Hallmark, this project will be a four-story, two-building, 75-unit complex that also features a beautiful community pool and recreation center. It will have one- and two-bedroom units designed with the latest architecture and stunning interior design elements.Read more
January 12, 2017
QuickDraw Fund Control
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What to Expect at a Construction Site Inspection
Our main objective at QuickDraw Fund Control is to properly disburse and protect the lender's construction loan proceeds. From a construction loan’s beginning, it is critical that the workflow is executed correctly throughout the process. From cost reviews prior to approval through fund disbursement schedules during construction, QuickDraw helps cover all the details.Read more
December 9, 2016
QuickDraw Fund Control
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Remodeling Market Optimism Strengthens
The National Association of Home Builders (NAHB) released their third quarter indexes for 2016. One of the most notable increases was in the Remodeling Market Index (RMI), which measures current activity in the remodeling market while also providing indicators of the market’s future.Read more
November 15, 2016
QuickDraw Fund Control
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Housing Market Continues Modest Recovery
The National Association of Home Builders (NAHB) recently released its third quarter indexes and reports have been fairly positive across the board. One of the most important measurements those in the home building industry look at is the National Association of Home Builders/First American Lending Markets Index (LMI).Read more
November 8, 2016
QuickDraw Fund Control
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QuickDraw Breaks Ground on Los Angeles Single Family Home Project
In September, construction began on a new residential project for QuickDraw Fund Control. The multi-level, 9,000 square foot custom home is located in the Post Office neighborhood of Beverly Hills, on Beverly Crest Drive. This hillside property’s prime location features expansive views of the Los Angeles Basin. The modern architectural design, led by ID Group, will feature designer finishes and state-of-the-art elements, such as a structural pool and Jacuzzi, and a massive deck that will showcase the property’s stunning views.Read more
October 25, 2016
QuickDraw Fund Control
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Why is Working in Construction a Good Idea?
Did you know that October is Careers in Construction Month? That means that builders all over the country are proactively seeking experienced construction workers and skilled craftsmen to join their teams. From residential to commercial to industrial, construction is back on the rise and now is a fantastic time to consider a career in that field.Read more
October 1, 2016
QuickDraw Fund Control
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