Manage accounts more efficiently with our FHA renovation disbursement software solution.
FHA 203K loans offer a unique opportunity for new home buyers or existing mortgage holders to secure a loan that covers both the price of the home and the costs of any necessary renovations. In order to be able to offer this type of loan to your clients in a way that is profitable for your business, you need a quality FHA renovation disbursement software solution.
ECL Software Has the Answer
Fortunately, you are looking for that solution in the right place now that you’ve found ECL Software. We have a customizable, user-friendly 203K lending software suite that will help improve your business by saving your employees time, reducing errors, and giving you instant oversight of all loan activities. Using our FHA renovation disbursement software solution you can:
Connect: Our FHA renovation disbursement software solution includes an address book where you can keep vital information about leads, borrowers, and contractors. This makes it easy to ensure everyone is qualified to participate in the project.
Communicate: Our software suite includes a robust array of templates that can be auto-filled with relevant information about each loan account. You can handle all necessary communications including legal notices.
Budget: Import budgets from spreadsheets or create them from templates in the system, and track any changes or revisions on multiple budget versions. The budgeting function is quite detailed with the ability to identify and report on all kinds of special items.
Disburse: Naturally our FHA renovation disbursement software solution includes all the accounting and administration functions necessary to provide disbursements to the owner and/or the contractors as needed. FHA 203K loans may include 1 to 5 disbursements, and in the case of multiple disbursements our software provides an important benefit. It enables progress reports to be linked to disbursements in the system so you can avoid premature payment.
Report: Your staff will have the ability to run several different types of reports in our FHA renovation disbursement software solution, on a virtually infinite array of variables. Start with dashboard reports to provide at-a-glance overviews of individual loan accounts in real time, then explore detail reporting and concentration reporting to delve deeper into account information. Finally, don’t neglect to use our stress testing reports to evaluate your overall portfolio.
Try Our FHA Renovation Disbursement Software Solution Now
We are happy to provide a free, personalized online demo of our product so you can see for yourself how it can improve your business. Please contact us now to learn more.
