Category: Uncategorized
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Construction Loan Administration Made Easier With Automation and Machine Learning
Construction loan administration consists of coordinating hands-on management of the entire loan process. The job involves overseeing site inspections, drawing requests, budget analysis, and third-party reports. The role also involves ensuring compliance with government regulations, reducing the risk of errors, and ensuring a smooth workflow. With a software solution, you can eliminate manual data entry…
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Benefits of Loan Participation Software
With the introduction of Loan participation software, banks and other financial institutions can streamline loan processes. With the help of the new program, banks can now create, store, and manage the documents they exchange with downstream participants. The Participate platform also provides a variety of benefits, such as better efficiency, reduced cost, and improved credit…
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Construction Loan Management Software
One of the most important functions of a construction loan manager is the management of the project portfolio. This software allows you to track the finances and draw schedules for each of your projects, including construction loans. It consolidates all relevant data into a single system for easy access and reporting. It also offers surfacing…
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Construction Loan Software Saves Lenders Time and Money
The advent of construction loan software is changing the face of construction lending. Inefficient pen-to-paper methods have been around for many years, and today’s software automates these processes. Spreadsheets are the most common way to manage construction loans, but they contain manual entries and complex formulas that can make the process time-consuming. Moreover, there’s a…
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Automated Loan Participation
With the advent of loan participation software, banks can more easily manage the flow of customer documents. This automated process makes the process more efficient, and it also makes the documentation more secure. In addition, banks can now send documents to participating banks through a secure FTP portal. The downstream participants receive a notification when…
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