Wiese Coley

banklabs can help streamline the process for many stakeholders in the construction lending industry. For example, a borrower can use the software to electronically submit payment requests to contractors. They can also send payments through physical checks or ACH. The software allows borrowers and lenders to track these transactions within one…[Read more]

Many construction loan administration teams started out using spreadsheets as the primary tool for calculating costs. banklabs are inexpensive, easily accessible, and relatively easy to implement. As volume increased, the workload increased and the need for more complex calculations became apparent. In order to improve their efficiency, they began…[Read more]

Automation, machine learning, and collaboration software are three tools that can streamline the construction loan administration process. In banklabs , these tasks were performed by hand via fax, email, and phone calls. Today, these tasks are automated and all take place online. To stay ahead of the competition, construction lenders and…[Read more]

The automation of loan participation processes is essential for streamlining the industry and making the loan participation process as transparent as possible. In the past, managing the flow of customer documents was a cumbersome process that required manual input. With new innovations, this is now much simpler. With the help of a new module,…[Read more]

With loan participation automation, it is easy to share account information among participants. One of the benefits of automating this process is the reduction of the manual work involved in sharing the loan information. This software enables participating banks and originators to communicate with one another, resulting in a streamlined workflow.…[Read more]