Abrigo’s construction loan administration solution lets banks and credit unions manage the lending process for residential and commercial construction projects from any mobile device or computer. It eliminates complicated tracking in spreadsheets and paper files, improves productivity and draw interest, and identifies potential risks.
Construction loan automation solution
Boost efficiency and draw income for construction loans.
Add draw interest income, enhance the borrower experience, and mitigate risk in the construction lending process with Abrigo’s latest solution, Construct. This award-winning software automates workflows, detailed reporting, and audit trails for residential and commercial construction.See it today
Features and functionality of construction loan management software
Simplify your construction loan process with a mobile, easy-to-use automated tool.
Accelerate construction loan administration with flexible and adaptable workflows.
Provide an in-depth audit trail and real-time reporting across the construction portfolio.
Reduce the risk of data entry errors by quickly calculating remaining budgets.
Quickly provide staff with the information needed to fund a draw request.
At-risk loan alerts
Identify at-risk construction loans faster and decrease the risk of overfunding.
Advantages of construction loan management software
Speed up construction lending while mitigating the risk of overfunding projects.
Construction loans can be among the riskier loan types in a portfolio without proper management and monitoring, but the tedious, manual process many financial institutions use hurts efficiency. Abrigo’s construction loan administration software centralizes information and streamlines tracking, leading to a healthy and growing portfolio.
Grow Draw Income 8-12%
Keep the funding cycle moving by helping inspectors submit draw requests from the worksite and utilizing notifications and automated workflows.
Increase Efficiency by 50%
Eliminate spreadsheets from the draw process. Automated calculations, alerts, and digital approvals increase bandwidth for staff.
Real-time reporting, alerts, and detailed audit trails keep financial institutions better informed and more protected than manual, spreadsheet-based processes.
Better Borrower Experience
Improve your business relationships by offering a mobile tool to borrowers, builders, and inspectors. You control who has access to the system and what they can see.
"Our bank has sped up the lending process and reduced errors...We've completely eliminated the use of spreadsheets, and the draw process has become virtually instantaneous."
Save time today
Lexie Garrison, Chief Credit Officer at Valliance Bank
Integrated systems with Abrigo
Automate construction payment
processing and reporting.
Construct +Pay automates construction payment streams for any builder, general contractor, or financial institution that pays subcontractors. Accessible from any device, the solution improves efficiency by 50%, pays subs electronically, and automates 1099 and project reporting.Find out more