Your construction loan spreadsheet will be crucial in determining the success or failure of your loan application. A good one will have columns for project performance indicators, monthly interest expense, and project volume. A loan’s construction process may be complicated, so a well-designed construction loan spreadsheet will make all of this…[Read more]

Construction loan software can be an invaluable tool for construction companies that need to track progress on their projects. It allows you to track critical draw disbursements and regulatory compliance. It also keeps track of how much money is required for the project and who was paid. You can even use it to keep track of who has disbursed funds…[Read more]

The use of loan participation software streamlines the loan approval process. It allows banks and participating institutions to automatically add participating banks and participants to the system. The software also lets you set up a percentage of participation for each bank or contact. It is easy to share documents and track the progress of a…[Read more]

Post-closing construction loan management has long been an area of process improvement, but has largely been neglected by technology. These processes typically involve manual processes such as draw processing, reviewing AIA G702 forms, lien release processing, and borrower to contractor payment. The resulting paperwork can be time-consuming and…[Read more]

A Construction Loan Administrator is a specialized professional who manages a portfolio of construction loans. He or she maintains beneficial relationships with customers, Relationship Managers, and outside professionals. This person’s performance is evaluated on the accuracy of data, timeliness of tasks, productivity, and customer satisfaction.…[Read more]