Improve the accuracy and ease of your loan management processes with our online construction lending software.
The whole point of technology is to make our lives easier, right? Then why is it that so many loan management systems are hard to use? ECL Software offers a refreshing alternative. Our online construction lending software makes it easy to ensure accurate information is available to all interested parties at every stage of a loan’s life.
Our Online Construction Lending Software Has Your Bases Covered
Set up Loan Accounts: From the very start, our system incorporates user-friendly functionalities that enable your staff to improve efficiency while maintaining accuracy. Names, addresses, and other contact information for leads turned loan recipients can be ported over from the address book to avoid duplicate entry. Budgets can be automatically generated from templates or imported from spreadsheets, and multiple versions can be tracked as the final negotiations progress.
Communicate: The system comes pre-loaded with communications templates that can be used to send letters, reminders, legal notices, etc. You can also create your own templates. In any case, the communications created from those templates can be conveniently filled with relevant data drawn from other parts of the system, such as loan balances and due dates. All communications generated through the system will be saved for your records.
Track Project Progress: Our online construction lending software makes it easy to pair disbursement requests with actual project progress. Field reps can visit the construction sites and upload photos or other documentation supporting disbursement approvals to the system remotely. You can also track payments and balances easily.
Receive and Disburse Funds: We made sure our online construction lending software can connect with back end accounting systems, to ensure that all financial transactions are properly routed and recorded. The system can handle everything from disbursements to pay downs to transfers to and from outside lending institutions.
Run Reports: Using our software, you can run detailed reports on just about any factor you wish to analyze. Functionality for reports on individual loans as well as loan sectors or entire loan portfolios is built in and can be customized to meet your exact needs.
Want to Learn More?
Contact us today for a free demo of our online construction lending software.
