Competing against Loan Origination System (LOS) and Loan Management System (LMS) providers

LOS/LMS systems rely on manual updates and human interpretation of PDFs, emails, and spreadsheets. They reflect what should be happening, not what is happening on a job site. As volume scales, this disconnect becomes a risk management problem, not just an efficiency problem.

What they do well

• Pipeline visibility
• Document management
• Compliance and disclosures
• Credit decision tracking

What they fundamentally do not do

• Enforce construction budgets as a control layer
• Track draw-level execution and exceptions
• Maintain an auditable, real-time view of construction risk
• Operate as a post-close system of record

LOS / LMS platforms were built to answer:

“Was this loan approved correctly?”

Construction lending requires answering a different question, continuously:

“Is this project still behaving within approved risk?”

That gap is structural. It is not a feature backlog issue.