Lender Benefits Using DrawAlert
As a lender to a construction project, protecting and tracking your funds is one of your top priorities. DrawAlert makes this process easy, by opening communication between all parties of the project so ensure best practices, and provide time and cost savings to all of the stakeholders.
The Key Features of DrawAlert for Lenders
While construction project contractors, lenders, and stakeholders utilize DrawAlert, there are a few key features that are tailored specifically to lenders:
- Stay in Compliance – Keeping the line of communication open between all parties of your construction project is important, as is easily staying in compliance during your project. Do so seamlessly with DrawAlert.
- Reduce Time – Because DrawAlert validates all of the documents ready for payment, lenders are able to get payment applications off the desk quickly, speeding up the process for draws.
As a lender on a DrawAlert project, you’ll also have full stakeholder visibility through the robust dashboard, receive draw notifications, and have access to all of the documents available for the construction project. A DrawAlert Certified Project supports a professional and respectful business relationship between all stakeholders.