Streamline your lending processes with our user-friendly online construction loan process software.
Are you tired of having to search through multiple files, folders, and systems to find the loan process information you’re looking for? You need to adopt ECL’s online construction loan process software. Through this one user-friendly portal, you can enter, access, and maintain all the vital data involved in shepherding a loan project from start to finish, including:
- Contracts and schedules
- Original budgets and budget changes
- Vouchers and/or draw requests
- Detailed inspection reports
- Disbursement checks and/or transfer forms
- Borrower pay-down records
Streamline Your Loan Management Activities
Efficiency and accuracy are the core concepts behind our online construction loan process software. Single-entry functionality enables your staff to save significant time and also reduce errors because vital data like names of interested parties, email addresses, contact information, contract details, and budget information need only be entered once in order to be available in all parts of the software suite. For example, you can enter a loan recipient’s name once and have it automatically available to appear on all contracts, schedules, legal notices, and disbursements for that account.
Keep Your Finances Straight
With so many different parties potentially participating in a construction loan project, it can be hard to keep everyone’s financial contributions and responsibilities straight. Fortunately, our online construction loan process software can help with this endeavor. The system can connect to your back end accounting system, the better to track draw requests, record approvals, issue disbursements, and collect pay downs. The software can also handle situations where you may be receiving contributing funds from other institutions and paying them back on a set schedule.
Customize Your Online Construction Loan Process Software
Although our online construction loan process software was designed by professionals familiar with the needs of construction lenders, we’re not trying to tell you how to manage your operations! We’ve built over 800 customizable features into the system, so you can switch these features on or off and make the software conform to your needs. Please contact us today to learn more.
