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Several advantages of a construction loan spreadsheet include its ease of use, accessibility and low cost. However, as the volume of construction loans increased and monthly cash flows increased, the users often found that the application was not as effective as they had originally thought. In these cases, the users should consider using a more…[Read more]

Construction loan administration is the process of tracking and authorizing payments to contractors on a project. These payments can be made electronically through ACH, via a physical check, or by direct debit. This process eliminates manual data entry and streamlines workflow. Once a draw is approved, the borrower receives funds over the course…[Read more]

In order to streamline the loan participation process, BankLabs has created the new end-to-end participation software, Participate. With Participate, participants and originators can share information about loans and streamline the workflow. Using this software, banks can cut weeks from the origination process and gain additional liquidity and…[Read more]

Construction loan administration is a key element of successful home building, and can pose a number of challenges to lenders. The process involves extensive budget tracking, as well as the management of disbursements and site inspections. Additionally, many pitfalls are associated with the new-home environment, and underestimating the risks can…[Read more]