Don’t Silo; Share Your Information with Secure Online Software for Banks
Under your current system, you may have a problem with “information siloing,” or the practice of keeping different types of data isolated in different systems accessible only to the employee or department with the primary responsibility for them. With ECL Software’s online software for banks, you can stop siloing and start sharing quickly, easily, and securely.
Our software includes tools for managing all the vital activities involved in construction loan management:
Contacts: When multiple different employees all keep their own contact lists, it’s easy for information to get out of date as leads, borrowers, contractors, and brokers may not remember to inform all parties of changes in addresses, phone numbers, email, etc. With our online software for banks, all employees can use a single shared address book to tract contact information. The information will populate automatically into any area of the system where it is needed.
Loan Administration: Every activity related to loan administration can be routed through our online software for banks. For example, employees in the office can generate various legal notices and other communications in the system, and employees on site can upload inspection reports and photos. Everything is accessible and trackable in the system to help keep all parties up to date on the loan and project status.
Financial Transactions: Our online software for banks can easily accommodate loans with funds from multiple sources. It can be used to track voucher and draw requests from the borrower, create disbursement checks, record borrower pay-downs, and release funds back to participating lenders.
Reporting: With all the data about your loans in our online banking software, it’s easy to generate big-picture reports on loan sectors or your portfolio as a whole, as well as to get up-to-the-minute reports on individual loans. You can use our pre-defined reports to check on cash flows and loan statuses as well as run stress tests to help predict how your portfolio would perform in certain scenarios. You can also create your own reports.
Make Our Online Banking Software Work for You
While there are of course certain practices that are standard for any lender, we also understand that individual banks may have slightly different needs when it comes to their online banking software. That’s why we’ve included hundreds of settings that can be turned on or off to help customize your experience. Please contact us today to learn more.
