Our Construction Loans module streamlines processing for construction loans from beginning to end, starting with acquisition all the way through construction. The software also helps you to mitigate risks that come along with construction loan servicing. Using the Construction Loans module, you can:
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Simplify billing and disbursements
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Control construction budgets and cost breakdowns
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Manage funding commitments
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Import budgets using the Budget Import Wizard
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Schedule property inspections and provide a comprehensive daily work order of pending site inspections
Matching available funds to timely disbursements is a critical issue for many companies; cash-flow deficiencies can result from mismanagement. This construction loan module operates in real time to give you the flexibility to schedule disbursements in a way that makes sense. And the modules commitment tracking feature helps you to make sure those funds are available when they’ll be needed.