Building a construction loan spreadsheet can reduce the time and effort required for the project. These forms contain columns for subcontractors, suppliers, and expected costs. Other columns include payments made and amounts still due. Using these forms can help lenders and borrowers track their budgets and make decisions quickly. But what if your…[Read more]

Construction loan software is a vital component in ensuring a successful completion of a project. Using this tool, you will be able to track and consolidate all of your post-closing loan processes, including disbursements and monthly draw payments. A single user interface will let you manage everything from invoices to lien releases. The…[Read more]

When it comes to construction loans, there are many factors that should be considered when making your decision. In fact, many construction loans require a significant amount of documentation. These documents include hundreds of PDFs, spreadsheets, and tens of emails. Luckily, there are a number of streamlined software tools that can help you…[Read more]

Once you have decided to utilize construction loan administration software, you need to understand how it works. With a SaaS subscription, you can access your data from any computer, eliminating the need for manual data entry. The best construction loan software will serve as a central repository for collaboration and prevent duplication of data…[Read more]

If you’re in the business of making loans , construction loan administration software is essential. It keeps track of lien releases, retainages, and invoices by project. And since every loan carries a unique set of terms, a thorough understanding of these documents is crucial. A Lien Releases Report tracks the status of every lien release,…[Read more]