Hermansen Hancock

Automating the loan participation process can save time and money for banks. Manual processes can be tedious and lengthy. Paperwork must be scanned and distributed by hand. By automating the loan participation process, participants can access and view documents on the same platform, reducing the amount of paper and saving valuable time.…[Read more]

A centralized platform for construction loan management helps streamline the construction loan process. It collects all the necessary approvals in one place and tracks the progress of your projects. You can get real-time updates on your project status, allowing you to make smarter decisions about your loan. Using a software program will eliminate…[Read more]

Although loan participation is not a new concept for banks, it has lacked automation. This manual process involves long loan documents that must be reviewed and verified by a human. Moreover, due to the high number of transactions, this method is inefficient and slow. Fortunately, automation has now penetrated nearly all areas of life and…[Read more]

Regardless of how you choose to use your loan participation software, it should be able to help you streamline your processes. Most of these programs have a module that helps you connect to participating banks. You can add relevant banks and contacts, and enter their participation percentage. You can also add multiple participants. By setting up…[Read more]

Although loan participation is not a new concept for banks, it has lacked automation. This manual process involves long loan documents that must be reviewed and verified by a human. Moreover, due to the high number of transactions, this method is inefficient and slow. Fortunately, automation has now penetrated nearly all areas of life and…[Read more]

The role of Construction Loan Administration is to ensure the smooth execution of construction transactions. These tasks include overseeing disbursements and facilitating the closing of a transaction. The role involves hands-on management of a construction loan, which includes budget analysis, site inspections, drawing requests, and third-party…[Read more]