Builders Patch: essential platform for housing finance agencies
Deal Management For HFAs
End-to-end lending solution for housing finance agencies (HFAs)
Manage all your affordable housing programs in one place. Modern software tool built for the unique and complex workflows of multifamily housing loans.
Find out how New York City's principal housing finance institution uses our platform to manage their application intake and underwriting process.
Deal Management for HFAS
Loan applications received, reviewed & sorted in a click...
Manage your application intake, underwriting, and closing process using a single software.
Speed up & automate your processes.
Connect directly with developers.
Analyze your data & grow your portfolio.
WORKFLOW TOOL FOR FASTER CLOSINGS
From application to closing and beyond, your workflows are streamlined through the entire deal lifecycle.
A single, cloud-based, collaborative platform to invite your borrowers to submit their applications and due diligence material, and work together with your team to review, analyze and organize the received deal data as the project progresses, all the way into asset management.
Fund more & build more in less time.
$36K savings per loan closed
25% increase in deal volume
40% less time underwriting
Contribute to faster housing development by shortening the loan closing timeline and guiding your borrowers through the process.
Seamless borrower experience
Centralized due diligence
Automated memos & reports
APPLICATION INTAKE
In-built borrower experience
Online application forms with an easy-to-use borrower portal. Review and evaluate all submitted applications in one place. Start direct conversations with applicants & move the project to the next stage.
MAXIMUM EFFICIENCY
Free up your team from repetitive tasks
Make Builders Patch your organization’s central processing system: we streamline and automate the repetitive & time-consuming tasks so you can focus on the bigger picture.
Efficiency boost
Standard workflows & automation
Streamline and standardize your operations through automated workflows.
STAFF TRAINING
Easy-to-follow steps to close a deal
In-built process blueprints make it easy even for new members of your team.
Online checklists
Streamlined due diligence
Publish & share custom checklists, and collect all documents and due diligence information through a centralized digital checklist with instant communication between your underwriting team and the borrower’s team.
AUTOMATED CREDIT MEMO
Memo creation using AI
With all deal data collected into a central hub, your credit memo gets automatically generated from deal details earmarked to go into your memo. The final say and edits are yours.
ALL PORTFOLIO DATA IN
Aggregate & standardize all your data across your portfolio.
Create reports, analytics, and deal-to-deal comparisons at the portfolio level in seconds without using external tools.
CENTRAL DATA HUB
Single source of truth for all deal data
All deal info & deal documents automatically organized & searchable.
DATA AGGREGATION
Portfolio data & instant reports
Deal data aggregated & standardized automatically, reports created in a click.
Online Pro Forma
Your pro forma always at hand
Centralized display of your Excel-based pro forma. Changes update on the system and everyone on your team can access the latest pro forma numbers without opening the actual Excel file.
Safety first
Bank-grade security, tested & certified
We take the safety & privacy of your data very seriously. Your data is only accessible to your organization.
Any questions?
Where in the deal cycle is Builders Patch most useful for lenders?
Builders Patch enables lenders to process their application intake much faster, and significantly reduce the hard and repetitive grunt work of due diligence collection.
We underwrite several different asset types. What asset types does Builders Patch support?
The Builders Patch platform supports all asset types within multifamily rental housing, including affordable, market rate, senior and student housing, and all housing developments with tax credits, Fannie Mae, Freddie Mac funding.
Do we have to build our own applications on the platform?
No. As part of our onboarding process, we automate your applications and provide a link for borrowers to complete the application and upload requested documents.
How is Builders Patch different?
As the borrower uploads requested documents, your team will receive a notification and the checklist will be updated automatically.
Keeping track of our pipeline
Yes. Our platform provides a dashboard to see all the deals and their status in your pipeline from application to closing.
Can we create reports with Builders Patch?
Yes, Builders Patch can automatically create any number of custom reports for you.
Customer support
Builders Patch is committed to ensuring that our customers are comfortable with the platform. We schedule weekly meetings for onboarding, and provide a Knowledge Base for task-specific assistance.
Can you accommodate our due diligence needs?
Builders Patch covers about 90% of standard due diligence and allows for custom checklists for specific loan types.
Who owns the data on the Builders Patch platform?
Any uploaded files or information is your property. We don’t re-sell any data to third parties.
Is there a limit on number of users?
We don’t restrict the number of users; just send invites to your team and clients.