Built has introduced Draw Agent, an agentic AI offering designed to transform construction loan draws, a significant capital chokepoint in the construction industry. This solution is currently being utilized by lenders to process thousands of draws monthly, aiming to accelerate payments, improve risk management, and generate efficiency gains.
Draw Agent represents a new operating model for construction lending, shifting from manual review to intelligent execution. It is the first in a series of specialized agents Built plans to release over the coming year.
Chase Gilbert, cofounder and CEO of Built, stated, “AI promises have long outpaced outcomes for the more complex aspects of real estate finance. With Draw Agent, we’ve given lenders the ability to move beyond simple task automation or document parsing to true workflow intelligence when managing construction loans—where policies are enforced consistently, risks are surfaced proactively, and funds move faster so projects stay on track.”
Draw Agent has demonstrated specific results, including up to a 95% time on task improvement, with reviews completed in as few as three minutes. It has also shown up to a 60% acceleration in draw turn time from borrower request to funding, a 400% increase in risks detected compared to human-led reviews, and 100% adherence to each lender’s policies and procedures, accompanied by a documented audit trail.
These advancements enable lenders to originate and service more construction loans per full-time equivalent (FTE) at a lower cost and with enhanced controls. This is intended to make construction loans more profitable and unlock faster capital velocity for borrowers and their downstream trade partners.
Randy Stewart, Executive Vice President, Enterprise Mortgage Lending at Zions Bancorporation, N.
A., commented, “Draw Agent has fundamentally changed the rhythm of construction lending for us. What once took hours of manual review now happens in minutes with greater consistency, transparency, and control. It is not just faster; it is smarter, freeing our teams to focus on higher value decisions while the agent enforces every policy with precision.”
Jim Fraser, Chief Servicing Officer at Anchor Loans, added, “The Draw Agent brings real-time transparency and smarter diligence to a very manual process. We see vast improvements in procedure compliance and transaction speeds with a complete audit trail of all actions taken by the agent.”
Jennifer Robin, Chief Information and Strategic Initiatives Officer at AgSouth Farm Credit, also noted, “Built’s Draw Agent has given us control and confidence at a scale we’ve never had before. We’re moving funds faster, but with greater oversight—and it’s helped our teams trust the process because every decision is backed by data and built-in compliance.”
Built’s Draw Agent operates on the MightyBot Agentic AI Platform, which is purpose-built for the policies, complexities, and expectations of financial institutions. The platform emphasizes precision, transparency, and adaptability, offering lenders flexibility in their level of automation.
Lenders can choose from three automation modes: Audit Mode, which reviews and recommends actions for human approval; Assist Mode, which handles routine steps while allowing staff to make final decisions; and Automate Mode, which executes fully when policies are met, automatically flagging exceptions.
Each decision made by Draw Agent is informed by the complete context of a project, encompassing the loan agreement, construction plans and budget, inspection photos and reports, historical draw data, insurance certifications, other source documents, and the institution’s specific policies and procedures. Every funding action is then documented in a compliance file, providing end-to-end transparency and auditability.
The launch of Draw Agent marks a key development in applying purpose-built software, proprietary data, and advanced AI to real estate and construction finance. Critical financial workflows in this ecosystem are often impeded by manual reviews, fragmented data, and disconnected systems. Built’s Draw Agent is presented as a solution demonstrating end-to-end autonomy with controls, currently live in production and delivering measurable results, with further AI agents planned.
Built is an AI-powered financial operations platform serving the real estate and construction industries. It connects capital providers, owners and developers, and builders to automate workflows, accelerate financial and informational flows, and provide insights for decision-making. Hundreds of financial institutions and thousands of owners and builders utilize Built to manage real estate and construction activity.
MightyBot is an Agentic AI platform designed for mission-critical finance. It delivers scalable agent systems that automate complex enterprise workflows securely and transparently, incorporating human review into agent execution. MightyBot integrates policy-driven execution with built-in auditability and explainability, enabling financial institutions to enhance speed, compliance, and operational scaling.
