Mcneil Donovan

You may have started your construction loan administration career using a spreadsheet to track your monthly payments. The advantage of spreadsheets is that they are inexpensive, accessible, and easy to implement. As you added more loans to your portfolio, however, the workload began to increase and you had to expand your approach. A construction…[Read more]

Construction loan management software is an essential tool for managing a construction loan portfolio. The software helps track progress and approve disbursements. It tracks regulatory compliance and surfacing issues. It also allows you to easily track critical draw disbursements. It also keeps you up to date on the status of your projects. It…[Read more]

In the beginning, you may have relied on a construction loan spreadsheet to manage your project. They are simple to use, relatively cheap to implement, and provide easy access to data. As your production scales and you need to handle more loans each month, you may have needed to hire additional admins to handle more tasks. But now that you have an…[Read more]