The role of a Construction Loan Administrator is vital to the smooth and timely closing of construction transactions. The job involves hands-on management of construction loans and overseeing borrowers’ payments. It involves site visits, drawing requests, budget analysis, and reviewing third-party reports and other documentation. In addition, the…[Olvass tovább]

Construction loan administration used to be a very labor-intensive process, involving a lot of paper files, email, and phone calls. Thanks to advances in technology, these processes are now automated and can eliminate a lot of the hassle and disorder associated with manual loan administration. This can help lenders reduce costs and improve service…[Olvass tovább]

Using construction loan software can streamline the documentation process, which can be stressful and time-consuming. The process can include hundreds of documents, spreadsheets, tens of emails, and hundreds of PDFs. The benefits of using construction loan software are numerous and can help any lender avoid the pitfalls of a mechanic’s lien. Fund…[Olvass tovább]

With the help of software and machine learning, construction loan administration can be improved. Traditionally, construction loan administration was performed manually, via email, phone, and fax, but now it is fully automated, and process improvement is necessary to stay competitive in today’s lending environment. Aside from ensuring accuracy and…[Olvass tovább]