Commercial Banking - Construction

Construction
Lending

The construction lending sector operates in a challenging environment characterised by unique industry-specific complexities. Lenders must expertly navigate intricate project timelines, fluctuating market conditions, and stringent regulatory requirements. The onboarding and origination of these loans demand a sophisticated risk assessment process, balancing the potential for high returns against the inherent uncertainties of development projects.

Streamline your Construction Lending process

With UBOO, financial institutions can:

• Support Complex Workflows: UBOO is configured to handle the long and intricate workflows typical of construction lending. Upon receiving an invoice for a construction stage, the platform integrates with third-party systems like CoreLogic’s ValEx to automatically order valuations, ensuring seamless project progression.

• Enhance Efficiency with Automation: Cloudcase continuously monitors the status of valuation reports, automatically notifying internal stakeholders upon their arrival for review and approval. This automation reduces errors by eliminating manual double handling of data between systems.

• Ensure Compliance with SLAs: Alert and notification timers are configured within the platform to ensure that every step of the process adheres to internally agreed service level agreements (SLAs), ensuring the process is managed efficiently and effectively.

Financial institutions using UBOO can confidently manage the complexities of construction lending, streamlining operations and ensuring that every stage of the process is handled with precision. UBOO enables lenders to mitigate risks while optimising their workflow, allowing them to deliver a faster, more reliable lending experience in a demanding industry.

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Made possible with

Define your business onboarding & origination experience

Cloudcase's Universal Business Onboarding and Origination Platform (UBOO) offers a comprehensive solution for financial institutions to streamline their commercial lending cycle. UBOO's adaptable architecture and powerful capabilities address the multifaceted nature of working with businesses of any size, while providing an efficient and dynamic process.

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SME Construction Mid-Market Commercial Agri Lending Trade Finance Commercial Real Estate Commercial Credit Card Asset-Based Lending Invoice Finance Overdrafts

What can Cloudcase software do?

A low code platform designed to digitise and automate complex processes

Cloudcase enables financial institutions to make better decisions dynamically, by providing broader augmented information capture, that can be used in automated multi-variant business rule assessments, and automated omni-channel workflow processes to support any banks’ measures for risk and compliance based controls. Accordingly, banks can “get back to the basics of banking” and react quickly to changes in either local or global economic conditions or regulatory changes.

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Let's talk about what UBOO can do for you

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"Customers are already benefiting from the new lending system through real-time loan application progress updates, improved continuity between all channels and much faster processing and turn-around times"

“Acquiring a platform of this nature is more than the technology itself. It’s about finding the right partner. The Cloudcase team have the domain expertise and cultural DNA for the banking and financial services sector”

“Cloudcase equips us to work with our core platform or any other vendor in an environment where we are not bound by excruciating linkages that require time and monies for maintenance and development”

"One of our biggest recent successes was the deployment of our online loan application software. We knew that our customers wanted faster turnarounds and more transparency around their applications"

"Three words best describe Cloudcase, it is Simpler, Faster and Better than any technology in this space. Anything that is a process can be easily and cost effectively digitised and automated."

"They managed to deliver on time and within budget, and at the same time were very flexible in their approach working with our partner organisation."

"The adoption of the Cloudcase digital solution is an exciting collaboration which will soon be extended to home loans, credit cards and overdrafts, following positive feedback"

"An organisation that has helped us leap frog in the sophistication of our technology strategy… It’s not just about the great technology at Cloudcase. It’s about the people"

International branch office of foreign bank