Providing clients with the best services in the industry, Construction Loan Management, Inc. has helped many companies streamline their entire loan process. With robust reporting and stress testing features, this software consolidates all of your data into one system. It provides up-to-date reports and analytics on all your projects, helping you get your loan approved faster. Learn more about its construction loan management software and how it can benefit you and your business. Read on to discover how it can help you improve your construction lending processes.
Building construction loan management software makes the process easy. This software tracks all your finances and keeps track of invoices by project. Using a Lien Releases Report will prevent issues from falling through the cracks. You’ll have instant access to this information – a critical aspect for the successful administration of your loan. Additionally, the software offers a Retainage Report to keep track of all the retainage withheld.
A construction loan management software can help you keep track of lien activity. The software keeps track of whether a lien is unconditional or conditional, how much capital has been disbursed, and more. These reports are customizable and can be shared with multiple stakeholders. Using a construction loan management software makes it easy to stay on top of your loan portfolio and comply with regulations. Managing construction loan workflows is a science and an art. You need a tool that can take your loan processing from tedious to simple.
A construction loan management software should keep track of your lien activity. A Lien Releases Report can track the status of liens, conditional or unconditional, and how many invoices have been received by the project. It can also track your invoices by project, helping to prevent issues from slipping through the cracks. It is the ultimate tool for financial and risk mitigation. When you have a comprehensive construction loan management software, you’ll be able to monitor the progress of your project and stay on top of any potential issues.
A construction loan management software must be configured to accommodate the needs of multiple lines of business. It should also be configurable to ensure compliance with regulations. This type of software can help you track all your projects with ease. It can also help you manage your debt, including your liens. Ultimately, construction loan management is a science that helps you avoid problems and improve your profitability. With a construction loan management software, you can avoid all the pitfalls of managing your loans by automating the process.
Using construction loan management software is an excellent way to keep track of all your liens. You can track the status of each lien with this software. This is a must-have feature for private lenders. It helps them monitor the progress of the project and ensure regulatory compliance. It also enables them to check and manage critical draw disbursements. This tool also helps you track and verify the status of the project’s progress. It is important for a private lender to have a construction loan management application.
In addition to identifying liens, construction loan administration software also tracks lien activity. For instance, it tracks invoices and their status. It also tracks the issuance of loans and corresponding invoices. Its comprehensive reports make it possible to manage and track these documents efficiently. Ultimately, this software will save your time, money, and compliance efforts. The key to construction loan management is to use a technology that helps you to automate your process.
Besides monitoring the status of your liens, construction loan management software should also include an automatic lien-release system. It allows the administrator to track the status of liens, as well as when they need to release a lien. It is a must-have for construction lenders. Aside from the security of the projects, Construction Loan Management software also helps the organization in maintaining its compliance with regulations. These benefits will ultimately help you build a successful and profitable business.
If you are looking for a construction loan management software that is easy to use, you should look for one that supports multiple lines of business. A construction loan management software will also help you to track critical draw disbursements and budgets. The software will also help you to monitor the progress of your projects. Aside from ensuring the compliance of your loans, a construction loan management software will make your work easier by providing real-time information.