Keep all the data about construction loan projects at your fingertips with our online construction software management for banks
Managing a construction loan can be challenging, simply because there are so many different parties and risk factors involved. Having the right software and the right staff can make a huge difference in the success of your lending endeavors. Our online construction software management for banks includes tools to help with all the different types of documentation involved in this business, 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
Initial Loan Account Set Up is Easy
Every aspect of our online construction software management for banks is designed with convenience and accuracy in mind. This starts from the initial set up of an account and extends throughout the entire loan process. For example, our software includes templates for budgets, schedules, payments, and communications to make getting started in loan administration easy. Budgets can also be imported from spreadsheets if that suits your existing processes better.
Stay on Schedule and On Budget with Integrated Information
One of the most important benefits of utilizing our online construction software management for banks is the integration of information. With budgets, schedules, progress reports, and payments all in the same system, it is all but impossible to make administrative errors in the disbursement of funds. Our system makes it easy for different parties to collaborate and share information because it can be accessed online. For example, a representative can document progress at the worksite and then upload those reports and photos to the system so that bank staff can view them.
Generate Any Report Imaginable
Another benefit of our online construction software management for banks is the ability to generate all kinds of reports on individual loans, loan sectors, or entire portfolios. The software comes pre-loaded with many reports, and you can further customize these offerings to get the exact information you require. You can even run stress tests using a huge variety of what-if scenarios to help assess and respond to changing risk factors in the industry and the economy as a whole.
Want to Learn More?
Contact us today to learn more about how our online construction software management for banks can be tailored to meet your unique business needs.
