Choate McCleary

Historically, loan participation transactions have been conducted through brokers. This model entails upfront transaction fees and time-consuming due diligence, leading to sub-optimal pricing. In addition, the transactions are often manual, creating regulatory and operational risks. With the use of digital technology, participations can be…[Read more]

A good construction loan software will help streamline the construction loan process by tracking and collecting all relevant approvals in a single location. It will also integrate inspections into the workflow so that surfacing and budget challenges are automatically reconciled. It will also automate the process by removing manual data entry and…[Read more]

Traditional models of loan participation were manual, with participants relying on the lead institution to provide them with updates and information about each relationship. Today, new loan participation technology allows participants to check their own credit and see a full credit report, although the lead institution still controls the…[Read more]

A construction loan spreadsheet is a useful tool for tracking payments and expenses. It can also track interest rates and costs. It is especially helpful if you plan to refinance a mortgage. A spreadsheet is simple and convenient and doesn’t require any special software. Once you have created the template, you can enter your data and track your…[Read more]

In order to streamline the flow of customer documents, loan participation software has several features. The platform allows you to keep track of all documents, including documents sent by downstream participants, while also allowing you to share the files among all downstream participants. For instance, you can automatically notify all downstream…[Read more]