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Burnette Just posted an update 2 years, 1 month ago
If your bank is managing a large number of loan participations, the use of loan participation software can be a huge asset. These programs can make your work easier and save you time. For example, the loan participation module in BankLabs’ Participate makes it easy for originators and downstream participants to exchange loan documents and…[Read more]
Burnette Just posted an update 2 years, 1 month ago
With a good construction loan management system, you can monitor all aspects of the loan process, from lien status to invoice tracking. You can use a Lien Releases Report to track conditional and unconditional lien releases, and a Retainage Report to monitor retainage, which is due to be paid to date. A construction loan management software…[Read more]
Burnette Just posted an update 2 years, 1 month ago
When it comes to managing a construction loan, a lot of work goes into it. The documentation process can be very tedious and involve hundreds of documents, spreadsheets, and emails. It can be extremely helpful to have a centralized platform that can keep track of everything. In addition, a centralized platform can streamline workflow and automate…[Read more]
Burnette Just posted an update 2 years, 1 month ago
The first step in Loan participation automation is to set up the account. The loan administrator can set up the participating banks and add the relevant participants. Then, users can add the participating banks, their contacts, and the percentage of the share they want to receive. The system can also be configured to work with multiple…[Read more]
Burnette Just became a registered member 2 years, 1 month ago