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Kloster Prater posted an update 2 years, 11 months ago
A digital platform that enables loan participations is the solution to the current shortcomings of the broker-based model. It can connect buyers and sellers, provide complete transparency and eliminate the costs and frictions associated with manual processes. A digital platform can also streamline transactions, incorporating robust data, financial…[Read more]
Kloster Prater posted an update 2 years, 11 months ago
Construction loan software is an essential part of the lending process. banks of obtaining a construction loan is long and involves hundreds of documents. This paperwork often takes a lot of time, as it needs to be reviewed by the lender, the borrower, and third-party inspectors. It can also lead to a lot of confusion and human error. With banks ,…[Read more]
Kloster Prater posted an update 2 years, 11 months ago
Radius loan track has been around for more than a decade. With a history of over three million transactions, the company has built a strong reputation for assisting borrowers with their financial problems. The company’s services have made it easy for consumers to manage their debt and avoid facing collection calls from the agency. The service is…[Read more]
Kloster Prater posted an update 2 years, 11 months ago
Many construction loan administrators started their career using a spreadsheet to manage their loan portfolios. The spreadsheets are simple to use and inexpensive to implement. As a construction loan administration team has grown and the volume of loans increased, they have found that they are no longer able to keep up with the data generated by…[Read more]
Kloster Prater posted an update 2 years, 11 months ago
banks will allow you to track the progress of a project and ensure regulatory compliance. This program also includes stress testing features to ensure timely disbursements of critical draw amounts. To make the process easier, here are some of the top benefits of using construction loan management software. Read on to learn more. Let’s get started.…[Read more]
Kloster Prater became a registered member 2 years, 11 months ago