DRAW simplifies the extensive construction lending process and fills a void in the market by providing integrated functionality for tracking draw disbursements, inspections, and construction lending details that other banking software typically does not have. As a completely web-based software solution, DRAW offers a single place to monitor construction loan portfolios and accelerate the draw disbursement process.
Internal Online Portal
As DRAW seamlessly connects to the LOS, it syncs daily to ensure all loan files, transactions, and statuses in the lender portal is up-to-date. Disbursements and loan draws are reconciled daily as well, ensuring draw disbursements match actual loan debits and deposit account credits.
Homebuilder Client Portal
Builders, general contractors, construction managers, or other approved employees of borrowers see real time statuses on their loans while logged in to the client portal. Users have access to draw transaction history, inspection reports, lending limits, and master guideline details. The client-facing online portal exposes all client related records so manual reports do not need to be generated and emailed on a periodic basis. Instead, the clients have access to view and download loan record content as needed.
Typical banking software is unable to track onsite inspections, requiring this information to be manually entered at a later time. DRAW’s inspector portal allows the inspector to create inspection reports from a phone, tablet, or computer, removing the risk of error making and need to create manual reports.
DRAW is a robust software application that manages construction lending, removing the need to manually update loan files across disparate systems.
Additional DRAW Benefits:
- Automated Communication
- Budget-Driven Draws
- Total Visibility of Loan Progress
- Automated Loan Detail Records
- On-Demand Report Generation
- Unlimited Users & Cloud Server Hosting Space