Case Study: Manual Construction Loan Company reduces draw errors with Rabbet

Manual Construction Loan Process Leads to Undocumented Draw

Manual Construction Loan Company, a commercial renovation borrower working with a top 10 U.S. construction lender, ran into a costly problem when a $44,842.32 draw was funded but never properly logged against the loan. The missing entry created an undocumented disbursement in the amortization schedule, leaving the borrower’s accounting team to reconcile why the bank’s records did not match their books.

Rabbet’s construction loan software was positioned as the solution to prevent this kind of manual error through automated document processing, approval workflows, payment tracking, and real-time reporting. By replacing siloed spreadsheets and fragmented manual steps with the Rabbet portal, lenders can reconcile draws more accurately and reduce risk; in this case, the measurable impact was avoiding an undocumented $44,842.32 draw and the interest/principal that would have been associated with it.