Kromann Willis

If you are planning to build a new house, you will need a construction loan spreadsheet to keep track of your project expenses. This will enable you to manage payments and estimate completion dates. Moreover, it can help you avoid making costly mistakes and manage other loans. The spreadsheet is a good tool for tracking your finances and will be a…[Read more]

Construction loan administration consists of coordinating hands-on management of the entire loan process. The job involves overseeing site inspections, drawing requests, budget analysis, and third-party reports. The role also involves ensuring compliance with government regulations, reducing the risk of errors, and ensuring a smooth workflow. With…[Read more]

The most important benefit of loan participation automation software is its ability to automate the manual process. This process is time-consuming, and can lead to credit concentration. Additionally, automated solutions allow banks to minimize the costs of credit and maximize profitability. The best loan participation automation software will fit…[Read more]

In the competitive world of construction lending, process improvements are critical to ensure success. Technology is advancing at a rapid pace and can improve construction loan administration. With the advent of machine learning, automation, and collaboration software, the construction loan process can be handled more efficiently and effectively.…[Read more]

Historically, loan participations have been transacted through brokers. This broker-based model has a number of disadvantages. First, it limits sellers’ access to a limited number of buyers, which leads to suboptimal pricing. Second, it requires expensive, time-consuming due diligence. And third, transaction and servicing are typically done by…[Read more]