All the features you need for construction lending in a single, comprehensive banking software package.

Thanks to ECL Software, banks can now enjoy quick and easy construction loan administration and analysis without sacrificing precision or control. Our comprehensive banking software eliminates duplicate entry work and contains many other time-saving features. Plus, it provides for detailed management of loan accounts using up-to-date information. Here are some of the key activities that can be completed via our convenient and comprehensive banking software.

Manage Contacts & Leads: Our software contains an address book feature that connects with all other features of the system, so your staff only has to enter the names and addresses of various leads, borrowers, contractors, vendors, and outside investors once. This contact information will then populate correctly and automatically to contracts, communications, payments, and other documents.

Communicate: Because our comprehensive banking software was designed with construction lending in mind, it already contains templates and predefined text elements for just about any communication that could be required during the progress of a construction loan. This saves your staff time and also ensures that correct verbiage is always used in important communications.

Oversee Project Progress: Every aspect of a construction project can be tracked in our system, from progress reports to budgets, loan terms, payment disbursements, borrower pay downs, and more. The software’s dashboard can be set up to automatically show reports related to the loan status for at-a-glance monitoring of these and other aspects of project progress.

Receive and Disburse Funds: Our software makes it easy to verify draw requests, disburse funds on time, record borrower pay downs, and issue checks to outside investors as needed. The system can be set up to link to your back end accounting system to further improve efficiency.

Create and Analyze Reports: Our comprehensive banking software isn’t just about monitoring, though it does include robust features for reporting on cash flows and various other loan status elements. It can also be used in a predictive capacity. The stress test feature is particularly useful for running scenarios on individual loans or on an entire portfolio to assess risk and forecast best and worst case scenarios.

Want to Learn More?

Contact us for a demo of our comprehensive banking software for construction lending and see how our technology can improve your business.