A construction loan spreadsheet can help you keep track of all the financial information for the construction of your home. The worksheet will track all project performance indicators and the total amount of money borrowed. It will also help you calculate the interest rate that you’ll need to pay each month. You can also use the spreadsheet to…[Read more]

Historically, construction loan administration has required manual processes and constant oversight. Technology solutions now help companies automate their construction loan administration, eliminating the need for multiple administrators. They eliminate the risk of misappropriation of funds and improve workflow efficiency. In addition, users can…[Read more]

Construction loan software focuses on the post-closing process of a loan. It can manage the monthly draw process and upload documents to monitor approvals. This can be extremely helpful for a company’s cash flow and risk management, which ultimately translates into faster payments and lien-free projects. Manually entering invoices and…[Read more]

Construction loan software has several advantages over traditional spreadsheets, including visibility and regulatory compliance. It can track critical draw disbursements and help reduce risk to the portfolio. One of its benefits is the ability to integrate with other software systems, such as accounting and project management software. The ease of…[Read more]

If you’re managing construction loans , you’ve probably made the mistake of using a spreadsheet to keep track of all of the important details. A construction loan spreadsheet can help you manage your project in real time and provide you with key metrics. This type of format should contain all of the information you need to know about your loan.…[Read more]