Boost your productivity with our convenient construction loan process software.
Construction lending has many unique aspects that tend to complicate the process and also introduce risk. Our convenient construction loan process software was specifically designed to help combat these challenges. It contains many features designed to save your staff time and reduce the risk of errors in funds management.
Save Time with a Single-Entry System
Our construction loan process software is designed as a single-entry system to save time and boost accuracy. For example, contacts can be entered into the address book once and then made available in other areas of the system, to ensure all communications and disbursements always have correct information on them. Also, the software links to your backend accounting software to eliminate duplicate entry of disbursements and repayments.
Track Budgets & Communications
With any construction project, there are going to be delays and budget changes. Our construction loan process software accounts for this with built-in functionality that allows for the creation and tracking of multiple versions of a budget. All kinds of letters, memos, and legal notices can also be created and tracked right within the system for at-a-glance confirmation that your communications are up to date.
Link Disbursements to Project Progress
One common problem in construction lending is contractors requesting disbursements ahead of schedule because they lack their own operating capital. Our construction loan process software helps avoid this scenario by providing the ability to link progress reports to disbursements, so that cash only gets released once milestones are met.
Manage all Financial Transactions in One Place
One final benefit of our construction loan process software is that enable you to bring as many third-party investors into the project as you wish. Our software will make it easy to track contributions and record payments back to these investors.
Customize Your Construction Loan Process Software
While our software was designed with the specific needs of construction lenders in mind, we know that not all lenders have the exact same requirements. That’s why we’ve built in over 800 customizable features into the software that can be activated or deactivated to suit your needs.
To learn more about using our construction loan process software to meet the needs of your business, please contact us today for a free online demo.
