Integrations

Summary:
Integrate LendingWise with Sekady to provide seamless solutions for managing construction loan draws and property inspections. This integration would streamline workflows, enhance risk management, and ensure compliance with project milestones and budgets.

Description:
Sekady specializes in draw management and property inspection services tailored for construction projects. Integrating Sekady with LendingWise will enable users to automate the tracking, approval, and documentation of draws and inspections, ensuring transparency and accuracy throughout the loan lifecycle.

Key Features of the Integration:

Automated Draw Management:

Enable borrowers or contractors to submit draw requests through Sekady, automatically syncing data with LendingWise.
Validate draw requests against pre-approved budgets and project milestones to ensure funds are disbursed appropriately.
Property Inspection Integration:

Schedule and sync property inspections directly from Sekady, providing real-time updates to LendingWise.
Include inspection data such as photos, work progress, and compliance reports in LendingWise loan files.
Real-Time Project Tracking:

Monitor construction progress and budget utilization in real-time, ensuring alignment with the project schedule.
Include notifications for delays, budget overruns, or incomplete milestones.
Risk Management and Compliance:

Leverage Sekady’s tools to validate completed work and mitigate risks such as fraud or misallocation of funds.
Ensure compliance with local and federal regulations, maintaining audit-ready documentation.
Centralized Documentation:

Store all draw requests, inspection reports, and related project documentation within LendingWise.
Maintain a complete audit trail of activities, approvals, and changes for lender and borrower records.
Borrower and Contractor Collaboration:

Provide borrowers and contractors with an interface to upload invoices, progress updates, and photos, syncing with Sekady and LendingWise for seamless collaboration.
Automate notifications for draw request approvals or additional information requirements.
Custom Reporting and Analytics:

Generate detailed reports summarizing draw disbursements, inspection outcomes, and project status for internal and external stakeholders.
Offer customizable templates to suit specific lender or borrower needs.
Why This Is Valuable:

Efficiency: Streamlines the draw and inspection process, reducing manual tasks for lenders and borrowers.
Accuracy: Ensures draws are based on verified progress, minimizing errors and risk.
Transparency: Improves communication with borrowers and contractors by providing real-time updates and status tracking.
Risk Mitigation: Highlights potential project risks early, such as delays or cost overruns.
Compliance: Simplifies audits and regulatory requirements by centralizing all project-related data and documentation.