The role of a Construction Loan Administrator is to ensure compliance and provide quality customer service. A good construction loan administration system can make the renovation loans process much easier. A recent case study conducted by Franklin Synergy Bank, a financial institution based in Pennsylvania, demonstrated that the efficiency of…[Olvass tovább]

When it comes to managing your construction loan portfolio, it is important to keep track of lien activity. For this purpose, you can use a construction loan management software. This software allows you to create policies and track finances throughout the life of a construction loan. It also tracks invoices by project, which can help prevent…[Olvass tovább]

Software designed for construction loan management streamlines the process of managing your entire portfolio. These applications include robust reporting and stress testing features. These solutions also consolidate all relevant data into one system and provide up-to-date reports. When you have to manage multiple projects simultaneously, these…[Olvass tovább]

There are several benefits to using a loan participation automation platform. The user interface can be customized to the needs of a particular bank. Moreover, users can add participating banks and contacts and specify their participation percentages. The system allows multiple participants to be added to one account. Besides, a single application…[Olvass tovább]

Creating a construction loan spreadsheet is a great way to keep track of every aspect of the construction process. This will ensure that you don’t miss a payment, and you can use the data to calculate the interest rate. It is also helpful for calculating the total cost of the project, and you can even compare the estimated costs to actual costs.…[Olvass tovább]