What your credit book actually looks like right now.
You underwrite construction loans against a borrower’s pro forma, a third-party inspector’s monthly report, and a draw package assembled by the GC from pay apps, waivers, and COIs. Every one of those inputs is a snapshot of a world that moved three weeks ago. By the time a red flag appears in the report, it has been a red flag on the jobsite for a quarter.
Lien risk is the worst of it. A tier-two waiver chain breaks quietly. The GC does not see it. Your inspector does not see it. You fund the next draw. Six months later a supplier files the claim, the surety denies, and your collateral has a cloud on it you cannot unwind without a workout. The cost of one of those events makes the entire year of the portfolio’s spread look thin.
And then there is the concentration question. How many of your funded projects share the same top-ten subs? How many share the same insurance carriers with borderline ratings? Nobody at your bank can answer that in five minutes today. The Clearinghouse can.
Why this is not another data vendor.
Data vendors sell you aggregated signals scraped after the fact. A clearinghouse is different. In regulated finance, a clearinghouse (DTCC, LCH, CME) is the rail the counterparties transact through. The signal is not a derivative of the transaction. The signal is the transaction. That is the architecture we built for construction capital. Your borrowers run their projects on it. Your seat gives you a live read.
What a Clearinghouse Seat delivers.
- Live draw readiness. Approved work-in-place and compliance status updated continuously across every borrower on your book.
- All-tier lien-waiver visibility. Anomaly flags before a claim is filed, not after. The single signal your credit team has been asking for.
- Concentration across borrowers. Sub, carrier, geography, and sponsor concentration across your entire construction book in one console.
- Same-day evidence bundles. Exportable per draw, per borrower, per project. Auditable by line for your workout team or external counsel.
- 4-eyes approval on disbursements. Optional lender-side control on release of specific line items, built into the rail.
- SSO, SAML, SCIM, SOC 2, custom DPA. The security posture your IT team already requires.
The Clearinghouse Seat offer.
Clearinghouse Seat is $240,000 per year plus a quarterly retainer. It is designed for regional banks, non-bank construction lenders, sureties with $100M+ bonded capacity, and PE-backed GC roll-ups. The seat includes custom integrations (Yardi, Foundation, internal ERPs), named implementation team, dedicated customer success manager, and a direct line to the founder. Typical implementation runs 60 days.
For flagship institutions we run the CFO Chair engagement at $500,000 per year: fractional construction CFO on retainer, full managed ops (we run the compliance and cash-cycle desk for you), quarterly Board-ready capital report, and direct founder access. Two to three seats per year.
Three guarantees.
- 60-day unconditional money-back. If the Seat is not a fit in the first 60 days, full refund.
- Self-Funding Guarantee (for borrowers on Builder).The borrowers you bring onto the rail get 15 days off their cycle by draw three, or the platform is free and we wire them the platform stays free. Your credit spreads feel that.
- The take-away. We accept a capped number of Clearinghouse Seat applicants per year. This is intentional. Seats are anchor accounts, not subscriptions.
What design partners are saying.
“We went from reviewing stale inspector reports to watching project financials move in real time. Our credit memos shortened by half. Our concentration calls got sharper.”
“The lien-waiver chain is the single signal I wish we had ten years ago. We caught a $2.1M exposure on a borrower before the GC even knew the sub was late.”
The ask.
Apply for a 60-minute working session with our ops team. Bring one live borrower. We run the Clearinghouse against their real draw data on screen, with your credit lens on. You leave with a Capital Readiness Report on the borrower, whether or not we end up working together. If we accept your application, we schedule a Clearinghouse Seat onboarding within the quarter.
P.S. The last construction default on your book is a case study somebody on your team will write in retrospect. The next one does not have to be. The signal already exists in the transactions on the rail. The only question is whether you are on it.