With the increasing complexity of today’s market, managing construction loans can be expensive and risky. Managing loans manually involves multiple steps, errors and losses of time. Furthermore, human error can create poor customer experience. To mitigate these risks, you should choose construction loan management software that will automate…[Read more]

For a smoother process, use a construction loan management software. These applications automate and centralize approvals, track payments, and manage lien waivers. They also automate the surfacing process and enable clients to communicate digitally with key stakeholders. These solutions can improve funding turnaround time by 25 percent. For more…[Read more]

Using loan participation technology has become a popular way to lend to low- and moderate-income families. This new way to fund large loans is also helpful to banks because it minimizes their exposure to losses in their service areas. This technology has several benefits for banks, and they should consider using it to help them remain profitable…[Read more]

For decades, the construction draw process has been an administrative nightmare. With construction loan software, the whole process is automated. The entire process can now be monitored in real time, resulting in a more efficient and transparent construction project. This article will provide you with an overview of the various benefits of this…[Read more]

Construction loan administration is an essential role for construction lenders. This person is responsible for closing the transaction, facilitating disbursements throughout the life of the loan, and coordinating hands-on management of the loan. The role also involves managing site inspections, drawing requests, budget analysis, and other…[Read more]