These document types are the only ones that affect the draw amounts for each budget line item. The data associated with these document types is also used in 'Automatic Rules Checks'.

Note that these documents are critical to passing the 'Line items are fully supported by documentation' rule. No other document types can serve as the documentation needed to pass this rule. 

Notes: Completing the 'line item' and 'amount' fields on the document review form will populate the data as a 'current amount requested' in the budget on the 'Line Items' tab.

Pay Application - the following fields must be completed in the document review form for the data to populate accurately on the budget line items:
'Line Item'
'This Period'
'Stored Materials'
'Retainage To Date'

Click 'Add Split' to account for each line item for which a 'Current Payment Due' is requested on the Pay App. A split is not needed if the draw amount on the line item is $0.

Budget (for lenders) aka Draw Summary - if the borrower is not submitting draw packages to you in Rabbet, then you likely need to upload the Excel draw summary as a 'Budget' in Rabbet. Be sure to check the box so that Rabbet automatically reads and extracts the spreadsheet data. 

Payment Authorization

Lien

Draw

Insurance

Inspection

Surety

Title

HUD

Contract

Closing

Other

Project Management

Vendor

Proof of Payment

Admin users can turn these document types on or off via the Admin tab > Configurations > Documents

Here you can also view how many of a specific document type are in use and how many projects it is in use in.

Do you have questions or feedback? Please email us at help@rabbet.com