A construction loan spreadsheet is an indispensable tool for managing your loans. A good one will keep track of your actual jobs and track your interest payments. You can even track the progress of a construction loan over time. It is important to use a single spreadsheet rather than a number of different files. There are several benefits to using…[Read more]

The fastest way to increase efficiency in construction loan processing is by integrating construction loan software with other software solutions. Integrated solutions can help reduce risk and improve efficiency in the construction process. First Federal is one of many organizations that have found success with construction loan management…[Read more]

One of the biggest problems that banks have today is their manual loan participation processes. This involves the completion of a long list of documents. This process is time-consuming and inefficient, but automation can simplify the process and eliminate paper. It also makes the entire process transparent and accessible to the consumer. To find…[Read more]

A construction loan administration software program is a great way to streamline your workflow. The software enables borrowers to send payments to contractors via ACH or physical check. These transactions are tracked in the software, and there is less risk of missing an approval or lien. This software also helps to manage monthly draw process…[Read more]

Although loan participation is not a new concept for banks, it has lacked automation. This manual process involves long loan documents that must be reviewed and verified by a human. Moreover, due to the high number of transactions, this method is inefficient and slow. Fortunately, automation has now penetrated nearly all areas of life and…[Read more]