McGregor McDaniel

With the current economy, many financial institutions are seeking ways to improve the efficiency of construction loan administration. Automated processes, machine learning, and collaboration software can improve this process. Historically, construction loan administration has been performed manually, through faxes, emails, and phone calls. With…[Read more]

Automating the loan participation process will help banks reduce costs and increase efficiency. In addition, automated loan documents will be accessible anywhere and can be shared with anyone who needs to know about the loan. This will improve profitability and service to borrowers. This technology will also save time and paper by eliminating the…[Read more]

Loan participation software can streamline the loan process for participants. It records transaction history of the loans and the pro rata share for each party. It sends notifications to downstream participants when funds are requested or disbursed. banklabs maintains a repository of documents, which can be automatically shared with the downstream…[Read more]

The Radius loan track can help you identify which loans you have outstanding debts from. Depending on the debt, you may be eligible to pay a portion of your balance in full or you may have to pay the remaining balance. banklabs for these loans varies from one to three years. The amount you owe will depend on the debt type. The amount you owe will…[Read more]

Whether you’re the head of a mortgage company or are just starting out in the business, you need construction loan software to help you manage your loans and draw processing. With a good program, you’ll be able to track your finances and who got paid, and keep track of how much money is needed and disbursed over time. You can even configure your…[Read more]