The first feature of loan participation software is the ability to manage and streamline the flow of documents between banks and participants. The Participate software can track the transaction history for each loan, along with the pro rata share of each participant. It also notifies participants when funds are requested and disbursed. This…[Olvass tovább]

Construction loan administration is the process of securing and processing funds from a mortgage lender for construction projects. The lender will manage the project’s finances and ensure that all loan documents are in order and compliant with applicable federal and state laws. In addition, construction lenders must provide quality customer…[Olvass tovább]

The role of a construction loan administrator includes closing construction transactions, disbursements, and oversight throughout the life of the loan. This role is responsible for hand-on management of the construction loan , including managing site inspections, drawing requests, budget analysis, and third-party reports and documentation. Other…[Olvass tovább]

With the emergence of new technologies, construction loan administration is becoming easier and more automated. Previously, the administration process involved paper files and was time-consuming, tedious, and costly. Today, technology solutions are replacing the need for manual paperwork and enhancing the efficiency of processes. These solutions…[Olvass tovább]

When negotiating and closing a construction loan, there is a lot of documentation that needs to be handled. It is a time-consuming process, involving hundreds of spreadsheets, tens of emails, and hundreds of PDFs. The best way to handle this is through a centralized platform. You can avoid the time-consuming and stressful paperwork and let the…[Olvass tovább]