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.
Construction Loan Automation
Benefits
50% more efficient
8% -12% increased draw interest
Differentiate with mobile access
Reduce risk
Features
Efficiency
Provides secure, instant access to loan details, documents, photos, inspection reports and draw history.
Import Budgets
Uses standard and custom budget templates.
Roles Based Security
Supports different user roles: loan officer, admin, inspector, builder, borrower, examiner and bank executive.
Integrated with +Pay
Integrated with +Pay construction payment automation. Increase fee income and attract deposits.
Inspections via Mobile Device
Automates the inspection process.
Auto Draws
Automatically calculates the available draw amount
Real-time Reporting
Customized reporting for bankers, builders, and borrowers
Live Support
Phone and e-mail support for all users.
Ready to Reimagine Your Banking Products?
Impress Borrowers, Attract Depositors, and Differentiate From Your Competition.
Get Started
Our startup process is designed to minimize efforts required by bankers and outside stakeholders. The first step is a 30-minute online demo.
Learning Construct is quick and easy with intuitive navigation. Go-live training takes one hour and can be done remotely.
We even offer a 30-day free trial to prove it is effective for your financial institution. No strings attached.