The role of a Construction Loan Administrator is to assist with the closing of construction transactions and to facilitate disbursements for the entire life of the loan. The Administrator also coordinates hands-on management of the loan, including site inspections, budget analysis, and review of third party reports and documentation. The…[Olvass tovább]

Construction loan administration requires constant oversight of loan documents and transactions. Traditionally, construction loan administration was a manual process, involving phone calls, email, fax, and manual approval processes. Thanks to advancements in technology, construction loan administration can now be automated, eliminating the need…[Olvass tovább]

With the rising costs of obtaining construction loans , companies are now realizing the value of automating construction loan management processes. Manual processes can lead to errors, frustration, and loss of time, all while creating a negative customer experience. Fortunately, there are several solutions that can make the entire process much…[Olvass tovább]

There are many benefits to construction loan software. It helps bring together administrative and service sides of a construction loan. This type of software keeps track of finances, who’s been paid, and how much capital has been disbursed. It also prevents data loss, allowing lenders to see where gaps exist in the process and make improvements.…[Olvass tovább]