Efficient Loan Administration

Construction Loan Management Software

Rabbet uses document reading to help loan administration teams automate covenant compliance checks. Lending teams can streamline the inspection process by collaborating with the site inspector to identify discrepancies between site details and the borrower request.

What is Construction Loan Management Software?

Construction loan management software helps expedite the draw process by automating several parts of draw package review. By speeding up the construction lending process, financial institutions get through draw packages more quickly without needing to hire additional staff.

Product Features

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Covenant Compliance

Loan administration teams are alerted to out-of-compliance data during the draw review so that action can be taken with the borrower. Rabbet also provides the flexibility to track and document the instances when covenants are deliberately ignored.
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Borrower & Inspection Portals

Rabbet provides a structured, easy access, and configurable portal for the borrower to submit the draw request. Rabbet also provides a portal where relevant site inspection details can be captured digitally in the project. This includes a progress % for hard cost line items, narrative fields, change order review, and site photos.
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Approvals

Approval mechanisms exist throughout Rabbet to provide a system that aligns with a customer’s governance structure. Any number of approver users can be configured on a project and the time stamp of each approval is captured.
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See how streamlined loan management can improve your day-to-day.

Construction Loan Management that Mitigates Risk and Streamlines Lending Operations

Automate manual reviews and covenant checks with Rabbet. The platform ensures fast and accurate draw request reviews and provides real-time updates.

A faster draw process means faster funding. Drastically reduce the time it takes to fund a draw and experience a more robust bottom line. 

With manual processes, several layers of data entry occur before you receive information. In Rabbet, manual data entry is eliminated and accurate data is always available.

Improve risk management across your construction loan portfolio with enhanced financial forecasting and real-time status alerts.

Equity partners are increasingly requesting real-time updates and more frequent reports. Software constantly delivers transparent, accurate information.

Whether at home, in the office or at the job site, Rabbet helps teams stay aligned. Seamlessly coordinate loan administration and make sure everyone stays in the know.

How Financial Institutions Use Rabbet's Construction Loan Management Software

Set Comprehensive Controls

In Rabbet, users can specify document controls, ensuring loan covenant compliance and minimizing the potential for errors.

See real-time loan performance

Banks and financial institutions use Rabbet to get real-time portfolio data. With immediate insights, users can monitor loan details and manage every construction loan on the platform.

Streamline workflows and reporting

Rabbet analyzes documents, alerts users to issues, and makes all data accessible for reporting.Track approvals, workflows, and loan status directly within Rabbet.

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Frequently Asked Questions

Construction loan management software is a tool that helps mitigate risk and speed up the loan process. When financial institutions use software like Rabbet, they receive faster risk alerts across their portfolios and can access real-time data. Users can also get digital signatures, track the status of documents, and quickly verify where a loan is in its lifecycle.

If you’re spending hours on data entry tasks or trying to improve your construction lending process, loan management software is for you! Software reduces the time spent on manual review and reconciliation and gives you accurate, real-time data insights. 

Rabbet is SOC-2 compliant and complies with the most rigorous security standards. Read more about our trust and compliance policies here.

Rabbet offers 3 pricing options depending on your needs. You can view pricing information here.

If you're interested in learning more about Rabbet, let's talk.