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A construction loan spreadsheet can be helpful for many reasons. It is easy to use, accessible, and relatively inexpensive to implement. The construction loan process may be complicated, especially if you have multiple lenders to account for, but it can be very beneficial if you can keep track of the costs and payments of each loan. Here’s an…[Read more]

In order to effectively manage your construction loans, you need to have the right software. The right software helps you create and track your approvals. It can also help you reconcile your project budgets and digital draw schedules. All of these documents are then automatically stored in one central location. Lastly, it will ensure that all your…[Read more]

Automating the loan participation process is key to the efficiency of the entire lending process. This technology allows banks to share documents electronically, cutting weeks from the slow origination process. It also allows them to increase their liquidity by selling their holdings more easily. This enables them to better compete for new…[Read more]

The role of a construction loan administrator includes closing construction transactions, disbursements, and oversight throughout the life of the loan. This role is responsible for hand-on management of the construction loan, including managing site inspections, drawing requests, budget analysis, and third-party reports and documentation. Other…[Read more]

Managing banks can be stressful and time-consuming. Hundreds of documents and spreadsheets are required to complete the application, and hundreds of emails are also required to ensure compliance with federal and state laws. Creating a centralized platform for managing construction loans can make the process run smoothly and efficiently. However,…[Read more]