Bank Ready FAQs

Common questions about Bank Ready packets, loan readiness, and AIA forms.

What does Bank Ready produce?

One loan *application* packet — a branded PDF with a cover page, your capability summary, a budget summary, your proposed draw stages, your narrative letter, a supporting documents checklist, and a page about OwnerDraw. Draw requests during construction are produced on the **Draw Requests** page instead.

Are my uploaded documents inside the packet?

No. The packet lists them by name and shows whether each is on file. Plans, specifications, insurance policies and bids must be sent to your lender separately.

Does the packet include a schedule of values or my construction schedule?

Not today, even though the on-screen card lists both. Your SOV grouping reaches the packet through the proposed draw stages, and the schedule only as a task count. Export those separately if your lender asks for them.

What is the Loan Readiness Score?

Seven equally weighted checks — budget, draw schedule, timeline, vendor insurance, contingency, supporting documents, capability profile — shown as a percentage. It unlocks the **Generate Loan Packet PDF** button at 100%.

Does 100% mean I will be approved?

No. It means OwnerDraw found nothing missing from its own preparation list. No lender sees the number, and its thresholds are OwnerDraw's prompts rather than any bank's rules.

Does generating the packet send it to my bank?

No. OwnerDraw never contacts a lender. You get a file; delivering it is your step.

Which budget figures does the packet use?

The same Revised Budget figures as the Budget page — quantity times unit price, plus sales tax, plus approved change orders, plus or minus budget transfers.

If I approved my draw schedule, are the amounts locked?

No. Approval locks the *structure* — which lines exist and what feeds them. Dollar amounts still follow your live budget, so a packet generated later shows later figures. The PDF you downloaded is your record of what you sent.

Does the narrative cost anything?

**Generate Narrative** uses AI credits on your account each time you run it. Edit and save the text as often as you like at no cost — only generating charges.

Can I trust the generated narrative?

Read it in full first. It describes your experience and qualifications, and it can overstate them. It also leaves a `[Borrower Name]` placeholder to replace. Inaccuracy about your own background in a loan application is a serious problem.

Do all banks accept OwnerDraw documents?

The forms are industry-standard (AIA G702/G703, standard lien waivers), and most lenders accept them. Some have their own forms or portals. Ask early.

**Verification note.** Every answer was checked against the current Bank Ready code and a packet generated from synthetic data on September 15, 2026. No AI narrative was generated against a real project.