Drejer Clemons

Managing construction loans requires a large amount of documentation. Hundreds of PDFs and spreadsheets need to be reconciled and approved. The process can be stressful, and can require dozens of phone calls and tens of emails. There is a much easier way to manage the process, and that is through a centralized platform that makes it easy to access…[Read more]

If you want to manage your construction loans with ease, then you should look into construction loan software. This cloud-based software can help you streamline your pipelines and manage lending processes. It features modules for budget tracking, order management, accounting, interest billing statements, and auto-route assignment. It can even help…[Read more]

Having loan participation software makes it easy to share information between participants. This type of software allows the originators to automatically share loan information with other lenders, banks, and individuals. In addition, loan participation software lets the participants collaborate in real time and reduce the time spent on the lending…[Read more]

The role of a Construction Loan Administrator is an important one, assisting lenders and borrowers during all stages of a construction transaction. The Administrator coordinates the hand-on management of the loan, including site inspections, drawing requests, budget analysis, and reviewing third party reports and other documentation. Other duties…[Read more]

While the concept of loan participation isn’t new, today’s credit unions need to update their processes to make the process more efficient. Traditional processes are slow, requiring long documents and review times. The good news is that automation is affecting nearly every aspect of our lives. This technology helps to streamline the loan…[Read more]