What is Bank Ready?
Overview of the Bank Ready feature: two modes for initial loan approval and draw requests.
Overview
**Bank Ready** — shown in the app as **Bank Loan Packet Generator** — prepares the packet you give a lender when you are *applying* for a construction loan. It gathers what you have already entered elsewhere in OwnerDraw into one branded PDF.
Two different jobs, two different pages
| Page | When | What it produces |
|---|---|---|
| **Bank Ready** | Before the loan, while applying | One loan application packet |
| **Draw Requests** | During construction | One AIA G702/G703 packet per request |
Bank Ready does not create draw requests, and Draw Requests does not create an application packet.
What Bank Ready pulls together
- Your **Loan Readiness Score** — a preparation checklist, described in its own article.
- Your **Owner-Builder Capability Summary** — your experience, advisors and management approach.
- A **Loan Narrative Letter** you can generate and then edit.
- A **Budget Summary**, grouped by category, using the same Revised Budget figures as the Budget page.
- A **Proposed Draw Schedule**, taken from your draw schedule and its Schedule of Values version.
- A **Supporting Documents Checklist**, listing files you have uploaded.
What it does not do
- It does not send anything to a lender. Generating or downloading a packet produces a file on your device; delivering it is your step.
- It does not place your uploaded documents inside the PDF. They are listed by name only, so send the real files separately.
- It does not judge whether your budget or plan will satisfy a bank.
Full instructions: *Preparing Your Lender Packet*.
**Verification note.** Page controls, packet contents and score rules were read from the current Bank Ready code and confirmed against a packet generated from synthetic data. No real project record was changed.