A construction loan spreadsheet is an excellent tool for tracking and monitoring the progress of a construction project. It can be used to keep track of expenses and milestones and can be a useful tool for lenders and builders. This type of database is not unlike a database, but is more flexible and easy to use. You can also create a construction…[Read more]

Construction loan software is an essential tool for all lenders. Using the right tool can streamline the draw processing process by eliminating human errors and data entry duplication. The improved efficiency of the draw processing process has been linked to a 65% reduction in administrative time, 4% reduction in points of risk caught in advance,…[Read more]

A construction loan software program will automate the process of monitoring lien activity. Using a Lien Releases Report, administrators can track the status of unpaid or conditional lien releases. Another feature is the Retainage Report, which records the retainage withheld to date, as well as invoices by project. These features help prevent…[Read more]

Modern construction loan administration software allows borrowers to make payments to contractors electronically or via a physical check. It also tracks all transactions within the platform, eliminating the need for manual paper collection. This type of program is designed to be user-friendly and provides an end-to-end solution for construction…[Read more]

A construction loan spreadsheet can be a valuable tool for borrowers and lenders alike. It allows you to easily see a detailed picture of your pipeline, including the amount of money you have already paid, the amount of money that is still owed, and other useful details. The spreadsheet also helps you manage your budget. It can help you track your…[Read more]