Fall Release Recap: What’s New in Construction Loan Administration

Introducing new AI capabilities that eliminate manual work, improve accuracy, and keep data in sync across systems. These enhancements reflect Built’s ongoing investment in AI, helping lenders streamline operations, reduce risk, and do more with less.

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Accelerate Draw Review with the AI Draw Agent

The AI Draw Agent automates the most manual and time-consuming parts of draw review: analyzing documents, validating checklists, and surfacing issues or discrepancies instantly. By applying AI to document validation, budget reconciliation, and SOP adherence, lenders can process draws faster with greater consistency and control.

• 95% faster draw processing
• 30–60% reduction in total draw time
• 2x more risks flagged
• 100% policy adherence
• 2–5x capacity

The result: faster funding decisions, lower operational risk, and a more consistent borrower experience. The AI Agent is an optional add-on. Learn more and schedule a demo here.

Automate Budget Setup with AI

Now use AI to scan project budgets and closing documents, automatically extracting line items and transforming them into structured budget templates. This automation speeds up budget creation, reduces manual entry, and ensures every project starts with clean, consistent data.

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Navigate Insights Faster with a Refreshed Reporting Landing Page

A redesigned reporting homepage simplifies navigation, helping users access saved reports and AI-powered analytics more quickly. The new layout improves discoverability and usability across all report types.

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Work Smarter with Enhanced AI Reporting Tools

The latest reporting updates introduce AI-powered chart explanations and formula assistance to simplify report building and data analysis. Users can instantly generate insights and write complex formulas with confidence.

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Experience Improved Platform Performance

Foundational performance enhancements boost responsiveness across high-traffic reporting pages and core workflows, providing a smoother experience for all users.