Construction loan management software is one of the best tools for a successful mortgage lending business. These programs provide robust reporting and stress-testing capabilities, consolidate all data into a centralized system, and organize all construction documents. As construction loans are one of the largest forms of secured loans in the…[Read more]

The role of a Construction Loan Administrator involves facilitating the closing and ongoing disbursement of construction loans. They also perform hands-on management of the loan portfolio and manage site inspections, drawing requests, budget analysis, and reviews of third-party reports and documentation. In addition, they are responsible for…[Read more]

While it may seem like there are a lot of details to be taken care of in the construction loan process, it’s actually a lot easier than it sounds. By using banking centralized construction loan management platform, you can track the progress of all of your projects and avoid costly mistakes. You can also keep track of regulatory compliance and…[Read more]

If you are looking for a construction loan software solution, then you have come to the right place. This type of software focuses on post-closing loan management. Built Technologies, Land Gorilla, and Contract Simply all offer construction loan software with features that help you manage the monthly draw process. These systems help track the…[Read more]

To ensure a high level of accuracy, Loan participation automation requires an administrative user to connect participating banks with the system. The lead bank recruits other banks to participate in the transaction, and each of these institutions has a responsibility to notify the other participating banks when a note is increased. The more banks…[Read more]