A construction loan administration software program is a great way to streamline your workflow. The software enables borrowers to send payments to contractors via ACH or physical check. These transactions are tracked in the software, and there is less risk of missing an approval or lien. This software also helps to manage monthly draw process…[Olvass tovább]

With the increasing complexity of today’s market, managing construction loans can be expensive and risky. Managing loans manually involves multiple steps, errors and losses of time. Furthermore, human error can create poor customer experience. To mitigate these risks, you should choose construction loan management software that will automate…[Olvass tovább]

You may have started your construction loan administration career using a spreadsheet to track your monthly payments. The advantage of spreadsheets is that they are inexpensive, accessible, and easy to implement. As you added more loans to your portfolio, however, the workload began to increase and you had to expand your approach. A construction…[Olvass tovább]

The loan participation software is a comprehensive solution to manage the loan process. Using the software, you can set up your bank account and connect participating banks. Each participating bank has its own information in the system, which you can view and manage. You can also send and receive documents between banks and participate in various…[Olvass tovább]

Construction loan administration is the process of managing and processing loans for construction projects. This is a hands-on role that coordinates the closing and disbursements of loans during the construction phase. The job requires a strong knowledge of construction finance, as it involves managing site inspections, preparing drawings, budget…[Olvass tovább]