Winter Release Recap: What’s New in Construction Loan Administration+

This release strengthens Construction Loan Administration+ by reducing friction across draw review, funding coordination, and third-party collaboration, helping lenders move faster through each draw while improving accuracy, transparency, and control.

Construction Financials for Lenders: Fund with confidence using invoice-based project financials

Construction Financials for Lenders extends CLA+ with deeper project-level financial visibility by connecting invoices, pay applications, and lien waivers directly to the draw process. This helps lenders reduce manual validation and make more informed funding decisions.

• Gain clearer visibility into project financials: Access invoice-level data, pay applications, and lien waivers to understand true project exposure beyond high-level budgets.
• Accelerate draw reviews with invoice-based funding: Build draws from verified payables that reflect real project costs, reducing manual checks and speeding approvals.
• Improve accuracy with AI-powered document processing: Automatically extract and structure data from invoices and AIA forms to reduce data entry and ensure consistency across financial records.

Contact your Account Executive to learn more.

Bring due diligence services directly into the draw workflow

Inspector-recommended funding amounts now appear directly at the line-item level within Sources and Uses, giving lenders clearer guidance during draw review. Plus, a new widget on the draw overview will allow Title Endorsements to be ordered without leaving the draw workflow, reducing context switching and improving funding accuracy. Learn More.

Simplify inspection ordering with CRE Inspection Network Selection

Buyers contracted for Built’s CRE Inspection Network can now search for, select, and collaborate with inspectors directly within CLA+. Inspectors can be chosen by geography and price, reducing manual coordination and simplifying inspection ordering so inspections stay aligned with draw timelines.

Streamline reporting with clearer portfolio and deal visibility

More flexible exporting, configurable deal status sorting, and enhanced widgets across the Portfolio Deals and Deal Overview pages give lenders greater control over how portfolio data is viewed and shared. Users can customize column names in exports, define status order per saved view, and access improved property details, narratives, and deal status history, making it easier to report accurately and understand deal context at a glance. Learn More.

Enhance capital provider transparency & communication with Funding Notice Generation

CLA+ enables lenders to generate complete, white-labeled Notice to Fund packages that include draw details, wire instructions, and supporting documentation. These packages can be quickly distributed to participants and syndicate members, reducing manual effort, minimizing errors, and improving transparency across capital providers. Learn More.

Validate funding accuracy with a complete historical draw record

An excel exportable historical view of all draws and adjustments is now available directly within Sources and Uses. This makes it easier to verify funding accuracy, respond to audit requests, and identify irregularities without manually piecing together data from multiple systems. Learn More.

Adjust funding eligibility with clarity and confidence

Lenders can quickly adjust eligible amounts as project needs change, with clearer guidance on how updates impact funding. Sources are also displayed in the order they will be funded, improving visibility into how capital will be applied and reducing surprises during draw review. Learn More.

Experience greater control with flexible retainage settings

Lenders can set retainage percentages globally or at the line-item level for work completed, providing lenders with greater control. Learn More.

Maintain control and visibility over vendor fulfillment

Vendor organizations can assign and reassign orders to specific team members, improving accountability and workload management. Lenders gain clearer visibility into who is responsible for each order, helping keep fulfillment on track. Learn More.

Keep orders on schedule with clearer vendor capacity and timelines

Expanded views, filters, and saved layouts give vendors better visibility into upcoming work and deadlines. These enhancements improve scheduling, planning, and fulfillment efficiency when ordering due diligence services. Learn More.