McKay Stougaard

For a successful construction loan, the administration team must carefully monitor all lien activity, including unconditional and conditional lien releases. The construction loan software includes a report to keep track of all invoices by project. Previously, this process was handled through email and Excel spreadsheets. The Retainage Report…[Read more]

Construction loan management software allows lenders to monitor their projects more effectively. It is also beneficial for private lenders who can use it to track regulatory compliance and critical draw disbursements. It helps manage multiple construction loans simultaneously, allowing a lender to better control the money that comes out of the…[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 goal of a loan participation automation solution is to streamline the process of entering and managing loans. The system can help participants keep track of transaction history of a loan and the pro-rata share for each party. With an easy-to-use interface, participants can also view and save electronic copies of notifications and documents.…[Read more]

Automating the loan participation process is an excellent way to reduce bank time and increase efficiency. It can cut down on unnecessary paperwork while streamlining the entire process for all parties involved. There are three main ways to automate the loan participation process. These are AccuAccount-to-AccuAccount transfer, FTP portal, and…[Read more]