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Your Top 5 AccuDraw Budget Questions, Answered!

A construction loan project largely revolves around the budget, so it’s worth the effort to make sure this piece is absolutely correct. But how much time are you spending on formatting and uploading versus the time spent reviewing the actual budget? If this sounds like you or your team, you’re not alone. Manually formatting budgets…
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Managing Your Construction Loans and Budget Amidst Surging Material Prices

Looking back to last year, no one could have predicted the spectacular rise in construction and material costs. According to the National Association of Homebuilders, inflated lumber prices have caused the “average price of a new single-family home to increase by nearly $36,000…and the average price of a new multi-family home…by nearly $13,000,” – and…
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How Do You Start the Search for a New Construction Lending Software?

If you’re thinking about making the shift to a new construction lending software, it can feel like an impossible task before you’ve even made a single phone call. From convincing your team it’s the right move to assessing the potential options, it’s easy to get overwhelmed! Over the years, AccuDraw has helped dozens of banks…
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The Simple Update to Improve Your Construction Lending Processes

In 2006, the New England Journal of Medicine published a breakthrough study. Nine hospitals in Michigan had introduced a new, cost-effective tool that singlehandedly: Cut the infection rate of ICU patients by 66% Saved $75 million in healthcare expenses Was credited with saving 1,500+ people’s lives … and that was just within the first 18…
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The Easy Way to Future-Proof Your Construction Lending

A recent study found that 64% of American workers say they are looking for new job opportunities or will consider moving jobs if approached by another company. As we start to shift beyond COVID-19, this could mean that a number of your current employees may be looking at new career options in the future. Employee…
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3 Tips for Managing Construction Loan Paperwork

Lions, and tigers, and paperwork – oh my! Managing all of the forms and invoices required for a construction loan can become a project unto itself. For one, you’re responsible for making sure that all the right documentation has been submitted and filled out correctly. Secondly, you need to keep track of all of these…
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One of the Best Features of AccuDraw? Hint – It Isn’t a Feature at All

The first version of AccuDraw came out nearly two decades ago. That was before the iPhone was invented and Barry Bonds had set the record for the most home runs in a single season. Pop-singer Billie Eilish had just been born, and Facebook wouldn’t be around for four more years. Since then, a lot has…
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Data Security and AccuDraw

The Privacy Rights Clearinghouse estimates that there have been 10,000 or more public data breaches since 2005, ranging from organizations such as Yahoo!, Marriott, and Target to the U.S. Military. It can feel like the stories of these breaches are becoming all too frequent, quickly followed by the staggering number of customers whose highly sensitive…
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Honoring Early Women in Construction for Women’s History Month

According to the Bureau of Labor, of all the people working in construction, women comprise only 10.3%. Since March is Women’s History Month, we’re taking a moment to honor a few influential women and notable contributions women have made to the construction industry throughout history. And if you’re looking to read more statistics about women…
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The 5 Best Features AccuDraw Has for Your Team

If you’re thinking about switching to AccuDraw, you may already know that it’s the most customizable construction loan tracking software available. With nearly two decades of experience, we’ve worked with lenders of every size and loans of every type. And it’s all available for you. We have worked hard to make sure that AccuDraw has…
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