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Robb Justesen posted an update 2 years ago
If you are a construction loan administrator, you might have begun with a simple spreadsheet. It is easy to use, inexpensive to implement, and accessible. As the number of construction loans you process each month increases, you may need to scale up your spreadsheet process. Whether you are an experienced lender or just getting started, here are…[Read more]
Robb Justesen posted an update 2 years ago
Loan participation software is used to streamline loan process. With loan participation software, you can connect participating banks in one database. Each bank has its own information in the system. You can easily send and receive documents between banks. You can also participate in different discussions, share documents with downstream…[Read more]
Robb Justesen posted an update 2 years ago
The adoption of construction loan software has been a fast-paced process. Project managers request draws on a monthly basis to pay contractors and suppliers. Real estate developers and lenders face pressure to make these processes more efficient, and the lack of timely payments can lead to pick and choose behavior amongst contractors. By…[Read more]
Robb Justesen posted an update 2 years ago
Using loan participation technology has become a popular way to lend to low- and moderate-income families. This new way to fund large loans is also helpful to banks because it minimizes their exposure to losses in their service areas. This technology has several benefits for banks, and they should consider using it to help them remain profitable…[Read more]
Robb Justesen posted an update 2 years ago
A construction loan spreadsheet is a vital part of any construction project. It can help you monitor the progress of your home or the loan volume in real time. It also helps you identify key performance indicators and the resources required for the project. A construction loan spreadsheet can also help you understand future costs and make more…[Read more]
Robb Justesen became a registered member 2 years ago