Time is money, especially for lenders. A manual construction lending process slows down the funding cycle and takes days of interest income off the table. BankLabs' construction loan automation software allows {$companyName!"your institution"}’s {$total_construction_5ea72c247dfb1!"significant"} loan portfolio to generate an average of {$monthly_increased_interest__5___3_days__5ea72c2489ad5!"8% to 12%"} in additional draw interest. Use this interactive calculator to model the revenue {$companyName!"your institution"} loses to a manual construction lending process.
Data from nearly 100 bank customers demonstrates that typical increases in draw interest range from 8% to 12%. Clearly, these increases are meaningful, but they are far from the only measurable financial impacts that Construct can have on your business.
● Construct improves compliance and mitigates risk
● Construct dramatically improves efficiency, meaningful in mergers and growth-oriented organizations
● Construct puts bankers, borrowers and builders on a mobile platform speeding up everything and making social distancing simple
And Construct is the only construction loan automation platform that can be live in one hour and includes a 30-day free trial so you and your team can become completely familiar with the system in a live production environment before ever committing to purchase.
To explore in detail, request a demo via email or just pick up the phone and call us at 501-246-5148.