Keep all vital information in one place with our online construction loan process software.
If your staff is tracking budgets in Excel, creating legal communications in Word, processing payments through your own accounting portal, and keeping all their contact lists in their own personal email accounts, your lending process is riddled with inefficiency and open to error. At ECL Software, we’ve designed a user-friendly online construction loan process software that can collect all these disparate tasks and more in one single system. Our software handles:
- 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
- And more
The Transition is Easy
Switching to a new system might seem overwhelming. After all, your staff is already used to business as usual and you may not wish to disrupt that. The good news is transitioning to our online construction loan process software is easy. Your staff doesn’t have to change much about how they actually do their work they will simply be doing it in a single secure and efficient portal. Contact lists can be uploaded into our software’s address book, budgets can be imported from Excel spreadsheets, and communications templates can be created from Word documents. Our online construction loan process software can also link to your back end accounting system to eliminate the hassle of recording drawdown requests, disbursement vouchers, and paydowns in multiple places.
Having All Your Data in One Place Brings Big Benefits
There are several reasons why you should want to have all information about your loan accounts in one easy-to-access portal. First of all, it will improve collaboration between different staff members. Offsite inspectors can upload progress reports complete with pictures and have them instantly available to onsite staff for use in verifying project milestones and releasing disbursements. Plus, once all your data is in our online construction loan process software, you can start using leveraging this data to improve your business. Our software contains many robust reporting functions, allowing your staff to program automatic reports that will help them keep on top of loan statuses. There is also a stress-testing functionality that enables you to run predictive reporting based on virtually any variable you wish, to help you assess risk and balance your overall portfolio.
Explore Our Online Construction Loan Process Software Today
Contact us now for a free online trial of our software and see all the amazing benefits for yourself.
