Tag: construction loan management

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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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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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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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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Instantly Know Where You Are On Every Construction Budget Line, Draw, and Disbursement

AccuDraw 7 offers a completely customizable construction loan tracking software that does exactly what you need to get the job done quickly and accurately. But did you know that AccuDraw is also able to give you an instant snapshot of where you are on every line item so that you can always maintain sufficient funds…
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2021 Forecasts & the Right Construction Loan Management Software

Although many things are still unknown about COVID-19 and the economic recovery, a recent post-election survey of engineering and construction executives found that 68% of respondents characterized the business outlook for the industry as somewhat or very positive. While many things remain uncertain, here are a few things we can expect in 2021. Remote Work…
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Tracking Guidance Lines with AccuDraw

The structure of guidance lines can offer flexibility to your sophisticated builders, helping them to grow and develop their businesses in a big way. Guidance lines are a great asset for lenders as well, which is why AccuDraw is designed to make it easy to track guidance lines. With AccuDraw, you can easily track, manage,…
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How Do You Track Multiple Sources of Construction Loan Funding?

The more time you’ve spent managing construction draws and loans, the more you realize things can get complicated, fast! That’s why construction lenders and contractors have trusted AccuDraw for nearly 20 years to provide the most customizable construction loan management software out there. One of the complex aspects of construction lending is trying to keep…
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