UrsaraFinance the build. Follow every release.
Construction lending software that connects underwriting, imported budgets, borrower draw requests, site inspections and loan servicing. Keep the project’s progress and your lending operation in view.
Every line item accounted for.
| Budget item | Budget | Funded | Progress |
|---|---|---|---|
| Site preparation | $80,000 | $64,000 | 80% |
| Foundation | $140,000 | $98,000 | 70% |
| Framing | $180,000 | $72,000 | 40% |
| Mechanical & electrical | $120,000 | $24,000 | 20% |
| Interior finishes | $80,000 | $0 | 0% |
From the approved budget
to the final draw.
Construction lending is an ongoing review of work, dollars and evidence. Preserve the budget approved during diligence and use it as the foundation for the draw requests that follow funding.
Start with construction diligence
Keep the borrower, collateral, construction requirements and closing checklist in the origination workspace. Confirm the terms and budget your team expects to operate after funding.
Import the line-item budget
Bring the approved CSV or Excel budget into the live loan. Review line amounts, available budget, planned dates and subsequent reallocations with their recorded reasons.
Review each draw against the project
Bring borrower submissions and supporting documents together with field inspection evidence. Review the request in the context of the loan and the relevant budget lines.
Continue into servicing and reporting
Record the approved release, retain the activity history, and keep payments, borrower requests and maturity work connected as construction progresses.
One project.
Several people who need clarity.
Each participant needs a different view of the same construction loan. Connect the handoffs without giving every audience the same workspace.
The borrower
Submit draw requests and supporting documents through the borrower portal. Follow the request rather than asking the lender for another status email.
The construction reviewer
Compare requested work, remaining budget and inspection findings. Keep the issue and its evidence close to the request.
The funding approver
Review the prepared release independently. Retain approval and funding history for the next request and subsequent reporting.
Field evidence meets
financial operations.
Use Construction Draw Solutions for inspection ordering and completed reports. Ursara retains the lending decisions and the draw’s financial history.
Continue with eligible ACH autopay for loan payments and mapped QuickBooks exports for accounting review. Plan those connections alongside your budget and inspection process during implementation.
See the construction budget toolA framing draw needs more than a total.
Review the requested line items, the inspection’s progress evidence and the current budget position. Clarify the disputed work before preparing the amount for independent approval.
Illustrative construction review. Integrations require configuration.Plan your construction workflow.
Explore the details with our team, using the way your business actually works.
Can we keep using our existing budget spreadsheet?
Use it as the import source. The budget tool accepts CSV and .xlsx with Budget Item and Budget Amount, supporting up to 500 line items. Review the imported record before use.
Does Ursara perform site inspections?
Construction Draw Solutions performs the connected inspection service. Ursara orders the inspection from the draw workflow and receives its reports and progress evidence for lender review.
What should we bring to a construction demo?
Bring a representative approved budget, a draw packet, inspection requirements and your approval process. We will walk through the handoffs from underwriting to servicing.