Name: Construct
Author: BankLabs

Help Desk

Web and Video Conferencing

Customer Support

Version Control

Development

Alumni Management

Education

Business Intelligence (BI)

Collaboration

Contract Management

Enterprise Legal Management

Policy Management

Project Portfolio Management

Enterprise

Accounting

Finance and Accounting

Applicant Tracking

Corporate Learning Management

HR Management

HR Service Delivery

Payroll

Talent Intelligence

Talent Management

Workforce Analytics

Workforce Management

Human Resources

Cloud Storage

Converged Network Adapters (CNAs)

Data Catalog

Data Center Networking

Data Integration

Database Load Balancing

Density-Optimized Servers

Fraud Detection

Integration Platform as a Service (iPaaS)

Managed DNS

Managed File Transfer (MFT)

Managed Hosting

Mobile Application Performance Monitoring  (APM)

Mobile Device Management (MDM)

Network Diagnostics

Network Performance Monitoring

NoSQL Databases

Observability

Server Management

Time Series Databases

Unified Endpoint Management (UEM)

Information Technology

A/B Testing

Account-Based Marketing (ABM)

Ad Serving & Retargeting

All-in-One Marketing

Audio Editing

Content Management

Contest Management

Customer Journey Analytics

Digital Asset Management

Email Marketing

Marketing Analytics

Marketing Automation

Mobile Advertising

Mobile Analytics

Press Release Management

Product Information Management (PIM)

Social Media Analytics

Social Media Management

Survey & Forms Building

Video Collaboration

Web Analytics

Marketing

Project Management

Wireframing

Professional Services

Call Recording

Customer Communication Management

Customer Relationship Management (CRM)

Presales

Sales

Civil Engineering

Construction Workforce Management

Dental

Loan Servicing

Patient Engagement

Revenue Cycle Management (RCM)

Vertical-Specific

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Construct by BankLabs is a construction loan management software designed to streamline the lending process and optimize the borrower experience. This solution is tailored for community-oriented financial institutions, including small to medium-sized banks, credit unions, and construction lenders. According to the vendor, Construct offers a range of features and capabilities that cater to the needs of loan officers, construction project managers, and professionals in the banking and construction industries.

## Key Features

**Participate**: According to the vendor, Construct provides a centralized platform to manage loan participations, digitize and share loan documents, automate workflow processes, and create a network of trading partners.

**OREO**: The vendor claims that Construct offers the world's first mobile, cloud-based platform for managing Other Real Estate Owned (OREO) properties. This feature allows users to oversee the complete lifecycle of OREO properties and provides quick access to carrying costs and property details.

**Construct**: The vendor states that Construct helps increase draw interest income, enhance the borrower experience, and mitigate risk in the construction lending process. It offers automated workflows, detailed reporting, and thorough audit trails for both residential and commercial construction projects.

**+Pay**: According to the vendor, +Pay seamlessly integrates with Construct to automate the payment stream between builders and subcontractors. This feature speeds up and simplifies transaction processing, generates additional fee income, and reduces risk.

**Loan Origination**: The vendor claims that Construct streamlines the loan origination process from application submission to approval. It enables users to capture borrower information and documentation electronically, automate credit checks and underwriting processes, and generate loan agreements and disclosures.

**Loan Servicing**: According to the vendor, Construct automates loan payment processing and tracking, generates amortization schedules and payment reminders, handles escrow and impound accounts, and manages borrower communications and notifications.

**Risk Assessment**: Construct offers features to evaluate borrower creditworthiness through credit scoring and risk models, monitor borrower financials and industry performance, assess collateral value, and manage collateral documentation to identify and manage potential default risks, as per the vendor.

**Compliance Management**: According to the vendor, Construct helps ensure compliance with regulatory requirements by generating reports and documentation for audits and examinations, tracking compliance deadlines, and managing regulatory changes. It also implements security measures to protect sensitive borrower information.

**Reporting and Analytics**: Construct enables users to generate comprehensive reports on loan portfolio performance, track key metrics such as delinquency rates and profitability, create customizable dashboards for data visualization, and utilize analytics tools for insights and decision-making support, according to the vendor.

**Document Management**: According to the vendor, Construct allows users to store and manage loan documents electronically, ensure document accuracy and completeness, enable secure access and sharing of documents, and automate document generation and version control.

Construct

Loan Servicing Software automates the loan lifecycle from origination, credit decisioning, payment processing and collections, to accounting and reporting.

BankLabs

Loan Workflow

Tools used by loan origination and servicing and servicing agents to streamline their workflows.

Loan Document Management

This feature allows users to store, manage, and track all loan-related documents, ensuring compliance and efficient processing.

Loan Workflow Automation

This feature helps to automate various stages of the loan process, improving efficiency and reducing manual errors.

Loan Software Integrations

This feature allows lenders to access credit reports and scores from major credit bureaus, aiding in the credit assessment process, and integrate with CRM tools and third-party databases to manage borrower relationships.

Loan Reporting and Analytics

Allows users to generate various reports and analyze data related to loan origination and servicing, helping to make informed decisions.

Financial Reporting and Compliance

Financial statements and regulatory filings

Management Reporting

Tools facilitating creation of internal ad hoc or standard reports.

XBRL support for regulatory filing

Support for the XBRL standard reporting format for exchanging financial data.

Excel-based Reporting

Ad hoc or formatted reports using MS Excel.

Data Security

Tools and features that help keep data secure from unauthorized access or internal exposure.

At-Rest Data Encryption

Data at rest is encrypted, requiring decryption to read the underlying data.

In-Transit Data Encryption

Data is transmitted in an encrypted state, preventing interception of raw in-flight data.

In-Use Data Encryption

Data remains encrypted even when stored in non-persistent storage (RAM, CPU caches, and CPU registers). This prevents access to data through malware on an individual device.

Data Redaction

The product's capability to return redacted data in place of actual data when queried. For instance, a redacted query for the phone number 555-5555 could return ***-**55.

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Construct

Overview

What is Construct?