Increase Efficiency and Draw Interest
BankLabs’ Construct product is an easy-to-use, web-based service that automates the construction loan management process for residential and commercial projects. Accessible from any mobile device or computer, it eliminates paper files and spreadsheets, improves loan officer and loan admin productivity and improves the experience for the borrower, builder and other stakeholders. Use our interactive calculator to model the revenue your institution loses to a manual construction lending process.
Accelerated cycle times mean you can fund draw requests days earlier than before. Inspectors can submit reports from the worksite while notifications and automated workflows keep the funding cycle moving.
Construct eliminates spreadsheets from the draw process. Automated calculations and digital approvals keep your internal processes efficient.
Real-time reporting, alerts, and detailed audit trails keep financial institutions better informed and protected than manual, spreadsheet-based processes.
Construct gives your institution the option to offer a mobile tool to borrowers, builders, and inspectors. This improves business relationships and increases customer satisfaction. You control who has access to the system and what they can see.
Features That Move You Forward
Increase process speed up to 75%
Allows bankers to spend less time doing manual calculations
CUSTOM FIELDS / CUSTOM REPORTING:
Data access available 24/7
AT-RISK LOAN ALERTS:
No surprises = Money saved
Save time with flexible, adaptable workflow
Construct Loans Managed
Want To Learn More?
Looking for a partner to help you deploy banking products for the future? We’re here to help. Contact us today to learn more about any of our products or to schedule a demo.