Mercado Tan

Construction loan software is a must-have for any mortgage company. It automates the loan approval process by keeping track of all the required approvals and storing them in a central location. Additionally, digital draw schedules and project budgets reconcile automatically, reducing challenges and expediting the approval process. In addition, the…[Read more]

Construction loan software has several advantages over traditional spreadsheets, including visibility and regulatory compliance. It can track critical draw disbursements and help reduce risk to the portfolio. One of its benefits is the ability to integrate with other software systems, such as accounting and project management software. The ease of…[Read more]

The use of construction loan software streamlines the entire process, bringing together administrative and service sides. It can help reduce errors and ensure quality customer service. In addition, the software allows for greater transparency, preventing data loss and making processes easier. Franklin Synergy Bank improved the efficiency of its…[Read more]

The primary job of a Construction Loan Administrator is to manage the disbursements during the construction of a property. The role also involves hand-on management of the construction loan, including site inspections, drawing requests, budget analysis, and reviewing third party reports and documentation. This job requires extensive knowledge of…[Read more]

Previously, managing the flow of customer documents into the bank was a manual process. New documents poured in every year, and they had to be manually scanned and distributed. Now, loan participation automation can automate the entire process. One of the key features of the Loan Participation module is the ability to connect with participating…[Read more]