BankLabs is honored to be named to Housing Wire’s 2018 Tech 100 List for our construction loan automation product, Construct. This program recognizes the leading technology and software companies – from companies with a single offering to companies that may house ten or more different software platforms.
Our Construct, cloud-based service automates the construction loan management process for community banks. It is accessible from phones, tablets or computers, and eliminates the need for paper files and spreadsheets, increases bank productivity, mitigates the risk of overfunding projects and improves the experience for the builder, borrower and inspector. Using Construct, a builder is able to view available funds via computer or mobile device and submit a draw request. Notifications are then sent via text or email to the inspector, borrower and bank personnel.
View the full list of winners here.