Private construction lenders may soon have one less handoff to manage after closing.
Sitewire and Nexys have launched an integration that transfers construction loan information and borrower budgets directly from Nexys' loan operating system into Sitewire's draw management platform, eliminating the need to enter the same information twice.
The companies say the connection will help private lenders move construction draw requests through approval in hours while improving oversight of project budgets, inspections, and disbursements.
For LOs working with real estate investors and builders, the issue extends beyond getting a loan closed. Delays in releasing construction funds can stall projects, strain borrower relationships, and complicate future financing.
“Private lenders have been running origination and construction oversight as two separate businesses, and borrowers feel every handoff,” said Bryan Kester, founder and CEO of Sitewire. “Many of our customers have moved to Nexys, and you can tell their team has run lending operations themselves. Now the budget a lender underwrites in Nexys is the same budget we inspect against, from the first draw to the last.”
Catching Construction Problems Before Closing
Under the integration, Sitewire reviews a borrower's construction budget against the proposed scope of work before closing, flagging potential gaps, unrealistic line items, and required permits.
Once approved, that budget becomes the baseline for subsequent draw requests and change orders.
Borrowers can request funds through Sitewire, with completed work verified through virtual or on-site inspections. Project updates then flow back into Nexys, giving lenders access to draw activity alongside the original loan information.
Sitewire says the process can reduce draw approval times from days to hours, although the companies did not provide comparative performance figures for lenders using the new integration.
The distinction matters in construction lending, where lenders must balance timely disbursements against the risk of advancing funds before work has been completed.
Why The Draw History Matters to Investors
Beyond faster approvals, the integration addresses another concern for private lenders: maintaining reliable construction records for warehouse financing and loan sales.
“For a construction lender, the draw history is the loan. It’s what a warehouse lender asks for, what a buyer’s diligence team picks apart, and where most of the real risk sits,” said Jasen Portero, CEO of Nexys.
“Our lenders already originate, service and sell on one loan record in Nexys. With Sitewire, verified inspections and draw status land on that same record instead of a separate system and a spreadsheet, so the file a lender holds, finances or sells tells the whole story from term sheet to final draw.”
Nexys already offers construction draw management within its platform, including inspection ordering, disbursement calculations, and lien waivers. The new integration connects those loan records with Sitewire's specialized construction budget review and inspection services.
For lenders financing ground-up construction or fix-and-flip projects, maintaining consistent records can make it easier to review disbursement decisions, track changes in project costs, and respond to questions from capital partners.
The announcement follows similar efforts elsewhere in construction finance. In March, U.S. Bank expanded its integration with Built, saying the technology could reduce construction draw times by as much as 70%.
While that initiative focused on the bank's construction lending operations, Sitewire and Nexys are targeting private lenders serving investors and builders.
Available to Existing Customers
The integration is available to lenders using both platforms. Sitewire says new customers can be onboarded in approximately 90 minutes.
More than 200 private lenders use Sitewire's draw management and inspection services, according to the company. Nexys says more than $1 billion in loans has been funded through its platform, which supports DSCR, bridge, fix-and-flip, and construction lending.
