Seerup Cummings

If you manage a construction project, you probably know how much paperwork is involved. The process can be stressful and entailed by hundreds of documents, spreadsheets, and tens of emails. If you don’t have a centralized tool to keep track of everything, you can’t be sure you’ll complete your work on time. With a construction loan management…[Read more]

If you’re in the business of making loans, construction loan administration software is essential. It keeps track of lien releases, retainages, and invoices by project. And since every loan carries a unique set of terms, a thorough understanding of these documents is crucial. A Lien Releases Report tracks the status of every lien release,…[Read more]

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]

A Construction Loan Administrator is responsible for facilitating and closing construction transactions. This person also facilitates disbursements throughout the life of a construction loan. The job requires hands-on management of the loan, including site inspections, budget analysis, and third-party reports. The individual is also expected to…[Read more]

Participate is a loan management platform that automates the participation loan process. It keeps track of transactions on each loan, including the pro-rata share of each party, as well as any loan terms and conditions. Banklabs sends notifications to participants when funds are requested or disbursed and automatically updates downstream…[Read more]