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 information, check out the Built demo. But be sure to check out its customer testimonials first! We’ve partnered with the company for the benefit of our clients.

For construction loan administrators, a construction loan management solution can be a real time-saver. The program’s Lien Releases Report helps track status of conditional and unconditional lien releases, as well as invoices and retainage by project. It prevents issues from falling through the cracks, as the process is often managed via email and spreadsheets. Retainage Reports help manage retainages and ensure that the proper amounts are retained, and the status of each line item.

Using a construction loan management software will help you monitor the progress of your entire construction loan portfolio, including regulatory compliance and critical draw disbursements. Whether you’re a small or large lender, this software helps you manage your portfolio more effectively. By providing up-to-date reports, it will help you manage your projects in a more organized, efficient manner. There are many benefits to using a construction loan management software.

Construction loan management software will help you monitor the status of your entire construction lending portfolio. Its robust reporting features will keep you abreast of every detail of your loans. And because it’s cloud-based, it’s easy to access. And it’s easy to manage all of your loans through a single application. A construction loan management software will help you stay compliant with regulatory guidelines and keep your business running smoothly. This tool will ensure that you get your money!

A construction loan management software will keep track of lien activity. It will allow you to monitor the status of each lien. It will also track all invoices by project. It will prevent problems from happening because of incomplete data. With this software, you can also track and analyze critical draw disbursements. With this, you can manage your entire portfolio with less stress. There’s no reason to be unorganized when it comes to your finances. You can manage your finances with ease and enjoy peace of mind.

As construction loan managers, you must constantly monitor the status of your loans. A construction loan management software will help you keep track of all liens and their status. This software will help you track invoices by project and the number of lien releases. The software will also keep track of retainages. Each lien will have a separate “withheld to date” column. These are all vital elements of managing your loans and will have a direct impact on the overall project’s financial performance.

A construction loan management software will help you track the status of a lien and ensure that all documents are handled properly. The software will also keep track of the critical draw disbursements and other information related to the project. Using a construction loan management software is a great way to manage your construction loans efficiently. The software will help you keep track of all the necessary documents and maintain compliance. It will also make it easy for you to monitor the progress of your construction projects and keep them on schedule.

A construction loan management software will be able to help you track all aspects of your construction loan portfolio. The software will help you keep track of important deadlines and regulatory compliance, as well as track critical draw disbursements. A construction loan management system is essential for any company to manage its loans. If you want to increase the productivity of your staff, consider a construction loan management software. You will be happy you did. When you’re looking for the best mortgage software, you can’t go wrong.

A construction loan management software will help you manage your entire portfolio with ease. It has robust reporting capabilities and stress-testing features that make it easy to monitor your entire construction loan portfolio. Unlike spreadsheets and email threads, software is also easy to use and maintain. As an added benefit, the software will also keep all the necessary documents categorized by project. If you’re looking for a construction loan management system, make sure you have a centralized platform.