Avoid delays with our online FHA 203K loan disbursement software.

When it comes to any type of construction lending, there are likely to be delays in the process due to factors outside your control. The last thing you want is for communication problems between your staff or other administrative errors adding to these potential delays. Fortunately, using our online FHA 203K loan disbursement software can help you streamline your processes to promote accuracy and efficiency.

Avoid Delays Caused by Errors

Our online FHA 203K loan disbursement software operates on a single-entry system, meaning data such as participant contact information, deadlines, and budget items only need to be entered once in order to populate to all necessary parts of the system. This prevents errors such as accidentally typing the wrong contractor name or amount on a disbursement check, which could otherwise cause delays in the FHA 203K renovation project.

Approve Disbursements Faster

A very important advantage of having online FHA 203K loan disbursement software as opposed to software that runs only in the computers in your home office is that it provides all employees with immediate access to up-to-date information, no matter where they may be working from. This is especially helpful when it comes to recording the renovation work inspections that must be completed prior to disbursing funds to a contractor. Your representative can simply upload the inspection information and it will be immediately available to the staff responsible for processing the disbursements.

Be More Responsive to Budget Changes

Using our online FHA 203K loan disbursement software can also help staff react quickly in the event of changes to the budget. Though the FHA 203K loan requirements do call for a contractor estimate prior to finalizing the loan, when dealing with renovation projects budget changes are a fact of life and the original estimate may change as additional factors about the condition of the property are discovered. Fortunately, our online FHA 203K loan disbursement software makes it easy to track budget changes. You can create and track modified budgets right alongside the original budgets by importing from templates or spreadsheets or by manual entry. This information will then be instantly available to those individuals handling the disbursements.

Try Our Online FHA 203K Loan Disbursement Software For Yourself

Once you see our online FHA 203K loan disbursement software for yourself, you’ll no doubt begin to identify many additional benefits besides the ones described here. Please contact us now to schedule your free online demo.