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Construction Lending used to be simple – Not Anymore. The construction industry has grown and become more diverse and sophisticated, so has construction lending. Multiple products are offered today: Commercial, Residential, Subdivision, Mortgage, Rehabilitation, Infrastructure, and Collateral Based Credit just to name a few, and every type needs specific tools to assist in monitoring or…
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There are a variety of construction loan management and loan servicing software solutions available to a construction lender. Many lenders currently use Microsoft’s Excel. It is easily customized, can be edited to suit the needs of a team, and it is relatively easy to learn and maintain. And yet, Excel for all its strengths is…
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