Florida-based CenterState Bank has signed on for BankLabs’ cloud-based construction loan management product, Construct.

Construct is a web-based service that automates the post-close administration of construction loans for lenders, accessible from “any phone, tablet or computer”.

“We were in need of a modern and mobile approach to improve efficiency and consistency, while simultaneously improving the borrower experience and reducing risk with real-time reporting,” said Frances Mansour-Bergin, vice president and construction loan administration manager at CenterState Bank.

“Construct has completely automated our loan administration, inspection and draw process, making a highly complex practice very quick and efficient. It has made processing construction loans easy for everyone involved, including the builders and borrowers.”

“We are thrilled that CenterState is not only seeing improvements since implementing Construct, but that they are being recognized for those improvements,” said Matt Johnner, president and co-founder of BankLabs. “We are proud to partner with innovative financial institutions, like CenterState, that are ready to embrace change and mobility in the construction finance industry.”

by Alex Hamilton
Alex is Senior Reporter at IBS Intelligence, follow him on Twitter or contact him at: alexanderh@ibsintelligence.com