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Builder Tax ID Form
Builder Information Memo
Construction Approval Checklist
Appraisal Agreements Concerning Draws
Construction Approval

At National City Mortgage we do not approve builders. So the construction approval process revolves around our review of the Contract, Plans and Specifications, Cost Breakdown, Draw Schedule and the Appraisal. Complete underwriting of these items gives us a good understanding of the construction project and comfort that the home will be completed as proposed.

The documentation needed for approval is minimal:

Copy his/her license (if applicable).
Builder Contract(s).
Specifications (description of the design materials).
Cost breakdown (with any allowances identified).

Signed Draw Schedule.

Plans are required for the appraiser.