For Construction Lenders
Every draw you fund without an audit is a draw you're trusting blindly.
XOPON audits G702/G703 pay applications in 60 seconds. Catch overbilling, front-loading, and sequence fraud before you wire funds — not after default.
$2.3B
lost annually by U.S. lenders to construction overbilling
2.8%
average overbilling rate on a typical construction pay app
60s
to audit a complete G702/G703 schedule of values with XOPON
$140K
average overbilling found on a $5M construction draw
Manual draw reviews take days and miss systematic fraud.
Your inspector visits the site once. The contractor submitted a 30-line G702 with 18 stored materials claims and front-loaded mobilization. Your reviewer has 45 minutes to check it. They approve it.
Six months later the borrower defaults. The collateral — a half-built building — is worth 40% of what was drawn. The overbilling was systematic. It started on draw #1.
XOPON catches these patterns algorithmically, across every line item, every draw, every project in your portfolio — in the time it takes to read this sentence.
What XOPON finds
Front-Loading Detection
Identifies when contractors claim disproportionate early completion — mobilization and site work at 100% while framing hasn't started. Classic draw fraud pattern.
Stored Materials Overbilling
Flags materials claimed as delivered and stored without supporting documentation. One of the fastest-growing fraud vectors on large projects.
Sequence Fraud
MEP rough-in claimed at 75% when structural is at 30% — physically impossible sequencing that manual reviewers miss under time pressure.
Retainage Math Errors
Wrong retainage percentages, premature release claims, and miscalculated amounts. Common on projects with phased retainage schedules.
Round Number Pattern
Perfectly round percentages (50.0%, 75.0%, 100.0%) across multiple line items are a statistical red flag for estimated rather than verified completion.
How it works
01
Paste the schedule of values
Copy the G703 schedule from the pay app — or upload the PDF. XOPON parses it automatically.
02
60-second AI audit
XOPON runs 12 overbilling checks across all line items. Math verification, sequence analysis, pattern detection.
03
Fund with documentation
Get a full findings report with exact dollar exposure, risk score, and remediation steps. Your draw file is now protected.
Pricing
Per Draw
Full audit report for a single pay application. Every finding, every dollar, documentation checklist.
Audit a draw →Unlimited
Unlimited audits across all your active projects. No per-draw cost. Cancel any time.
Start unlimited →Enterprise
Portfolio-level audit dashboard, API access, white-label reports, dedicated support. For lenders with 10+ active projects.
Talk to us →The next draw you fund — audit it first.
Free preview shows total exposure and top 2 findings. Takes 60 seconds. No account required.
Start free audit →