“Way easier than other banks – we are going to start moving more business to you.”

BuilderOklahoma

“It’s important for us to create convenience not only for our clients, but for their clients as well [such as subcontractors] and give them quicker and more convenient access to funds.”

Countryside Bank

“Construction loans are typically seen as the largest risk to a bank's portfolio. Anything that makes these loans less risky is a huge benefit. Since implementing BankLabs' automation software, the bank has sped up the lending process and reduced errors. Previously, a draw from a loan involved multiple people cross-referencing spreadsheets and could take as long as three days. Now, we have completely eliminated the use of spreadsheets and the draw process has become virtually instantaneous. The time spent communicating with borrowers and builders has also been significantly reduced because they can both log on and see all of their respective loans in one spot. They can also be notified of inspections and request draws online rather than via phone or email.”

Lexie GarrisonChief Credit Officer at Valliance Bank