[TravisDavis]

Hi Everyone, just wanted to provide some information about the company I work for, Truepic, since we work with a ton of folks in the small business lending space. Lenders are using Truepic's virtual inspection capabilities to streamline inspections for their companies and its borrowers.

Lenders are able to collect photos & videos that are 100% verified through proprietary forensic checks that have the same authenticity as in-person inspections. Our virtual inspections are completed by the Borrower and the information is instantaneously sent to the Lender. Further, our inspections cost a fraction compared to a traditional in-person inspection.

Here are some ways in which our Lending partners implement our platform:

General Underwriting - Small Business owners can provide pictures to the Underwriter within minutes and at their own discretion.
Business Signage
Hours of operations posted on the front door
Exterior photo of a business
Required Licenses displayed at the business
Materials
Inventory
Equipment
All payment terminals
Business license
Photo of the Borrower’s Driver’s license
A self-image (“selfie”) matching driver’s license photo

Equipment Financing – Borrowers use Video to confirm the Equipment is working. They take photos/videos of the following:

Serial Number
All sides of the Equipment
Verify the location of the Equipment - confirm it is at the Borrower’s business and not at the location of the Vendor
Any damage/lack of damage
A self-image of Borrower with the Equipment

Collections - Confirm with pictures the damage of the Client’s business. Have Borrowers use Vision to take photos/videos of the following:

Damaged equipment
Inventory
Business location, etc.


If anyone is interested in a live-demo via screenshare let me know. If after seeing the demo you think its a great fit, we can set your team up with a pilot.

Cheers,
Travis

email: travis@truepic.com
website:https://truepic.com/truepic-vision/

Company Address:
7660 Fay Ave Suite H 376.
La Jolla, CA 92037

[SFC]

Hi Everyone, just wanted to provide some information about the company I work for, Truepic, since we work with a ton of folks in the small business lending space. Lenders are using Truepic's virtual inspection capabilities to streamline inspections for their companies and its borrowers.

Lenders are able to collect photos & videos that are 100% verified through proprietary forensic checks that have the same authenticity as in-person inspections. Our virtual inspections are completed by the Borrower and the information is instantaneously sent to the Lender. Further, our inspections cost a fraction compared to a traditional in-person inspection.

Here are some ways in which our Lending partners implement our platform:

General Underwriting - Small Business owners can provide pictures to the Underwriter within minutes and at their own discretion.
Business Signage
Hours of operations posted on the front door
Exterior photo of a business
Required Licenses displayed at the business
Materials
Inventory
Equipment
All payment terminals
Business license
Photo of the Borrower’s Driver’s license
A self-image (“selfie”) matching driver’s license photo

Equipment Financing – Borrowers use Video to confirm the Equipment is working. They take photos/videos of the following:

Serial Number
All sides of the Equipment
Verify the location of the Equipment - confirm it is at the Borrower’s business and not at the location of the Vendor
Any damage/lack of damage
A self-image of Borrower with the Equipment

Collections - Confirm with pictures the damage of the Client’s business. Have Borrowers use Vision to take photos/videos of the following:

Damaged equipment
Inventory
Business location, etc.


If anyone is interested in a live-demo via screenshare let me know. If after seeing the demo you think its a great fit, we can set your team up with a pilot.

Cheers,
Travis

email: travis@truepic.com
website:https://truepic.com/truepic-vision/

Company Address:
7660 Fay Ave Suite H 376.
La Jolla, CA 92037

These guys are awesome! Incredible technology. Super easy to use. And Super Affordable. If you're not using them, you should be!

[Michael I]

i honestly dont remember the last time a site inspection was required on a deal

[showtime44]

i honestly dont remember the last time a site inspection was required on a deal

just closed one that required mobile site inspection, took a few minutes, wasnt a big deal

[SFC]

i honestly dont remember the last time a site inspection was required on a deal

Yup but like anything else, it was cumbersome and other funders didn't require it so it fell of. These guys are making it super easy so it's going to become a standard again.

[SFC]

Yup not at all. Really recommend demoing their tech. Very cool. And why shouldn't we all be a little safer from straight fraud?

[abfunders]

EBF has been requiring it for deals over $50k (or so) for some time.
I have an offer from Rapid and stip #8 is: "Site inspection for deals over $105k with TruePic"

[SFC]

EBF has been requiring it for deals over $50k (or so) for some time.
I have an offer from Rapid and stip #8 is: "Site inspection for deals over $105k with TruePic"

Lol what were the first 7 geez

[Michael I]

EBF has been requiring it for deals over $50k (or so) for some time.
I have an offer from Rapid and stip #8 is: "Site inspection for deals over $105k with TruePic"

I must of just thought it was pictures and not going through this technology

[TravisDavis]

EBF has been requiring it for deals over $50k (or so) for some time.
I have an offer from Rapid and stip #8 is: "Site inspection for deals over $105k with TruePic"

We love working with the teams at Rapid and EBF! Here is a link to our partners page with a testimonial from OnDeck:

https://truepic.com/our-partners/

[TravisDavis]

Weirdly enough, a lender that inbounded to us last week thought the same thing looking at Rapid's site.

[kpeng]

We were one of the first to adopt TruePic's technology and it's a tremendous tool. Site surveys have been invaluable to us, and we are able to identify cases of fraud through it. But we underwrite for risk. *shrug*

[TravisDavis]

We were one of the first to adopt TruePic's technology and it's a tremendous tool. Site surveys have been invaluable to us, and we were able to identify cases of fraud through it. But we underwrite for risk. *shrug*

Thank you for the kind words Ken! The account team loves you guys!

[Chambo]

i honestly dont remember the last time a site inspection was required on a deal

Seriously. We have been able to use cell phone snapshots

[SFC]

Yup but they can just take pictures of other pictures, or create fake images, or not actually be in that location. For a pretty low price these guys confirm all that and a whole lot more and they make it super simple for the merchant and the funder. Small deals may not be worth it but larger files its a no brainer.

[SFC]

We were one of the first to adopt TruePic's technology and it's a tremendous tool. Site surveys have been invaluable to us, and we are able to identify cases of fraud through it. But we underwrite for risk. *shrug*

What! Why would you do that? Just check if Ondeck is in the deal and if they're paying #mcaunderwriting

[kpeng]

What! Why would you do that? Just check if Ondeck is in the deal and if they're paying #mcaunderwriting

Man...why didn't I think of that? Why are we wasting our time training and screening all of our underwriters or looking into new risk assessment software?