BankLab’s CFO Julie Carpenter was recognized by Arkansas Business Magazine as an exceptional CFO in the small business category. Only four CFO’s were recognized in this category from across the state. This is an honor and we couldn’t be more proud to have Julie on our team as we modernize community banking.
IS CONSTRUCTION LOAN AUTOMATION SOFTWARE RIGHT FOR YOU?
Here are some of the most common questions asked about construction loan software. See if Construct is right for you and your financial institution.
Download Construction Loan Automation Software FAQ
By Matt Johnner
As Featured in Progress In Lending.
Construction lending is a growing sector of the mortgage industry and one that has traditionally been dominated by big banks. Recently however, these big banks are taking a more conservative approach on construction loans, creating opportunities for smaller, community-focused banks to seize the steady flow of capital.
While big banks are choosing to limit exposure by focusing more on existing customers, other financial institutions can jump in to fill the void. Of course, this means that the competition between small and mid-level banks focused on construction lending is reaching an all-time high.
So, how can a financial institution differentiate itself in such a competitive market? The answer is by offering solutions that automate the entire construction loan process, making life easier for all parties involved.
