A Construction Loan Administrator is responsible for facilitating closing construction transactions and disbursements throughout the life of the loan. They perform hands-on management tasks such as reviewing construction-related documents, site inspections, drawing requests, and budget analysis. They also participate in non-routine activities,…[Read more]

With banking of Loan participation software, banks and other financial institutions can streamline loan processes. With the help of the new program, banks can now create, store, and manage the documents they exchange with downstream participants. The Participate platform also provides a variety of benefits, such as better efficiency, reduced cost,…[Read more]

banking of getting a construction loan is a time-consuming and tedious one. Hundreds of documents, spreadsheets, and emails must be gathered and managed. In addition, it’s important to keep track of the project budget and milestones to ensure that the project proceeds on time. This software streamlines the process of securing construction loans…[Read more]

The Participate module in BankLabs’ loan participation software lets originators and downstream participants share data and documents automatically and securely. It automates the entire workflow by ensuring that all parties are informed of changes and updates. This software can shave weeks off the typically slow origination process and provide…[Read more]

The construction loan spreadsheet is a great way to keep track of all your monthly cash flows. It can be used to calculate the amortization, capitalization, and escalation rates for your loans. The main tab includes column headings for subs and suppliers, the total project cost, the amount paid, and the amount still to be paid. Each monthly report…[Read more]