Daugherty Scarborough

There are several advantages of a construction loan management software. The most important feature is its comprehensive database of loan documentation. With this, you can track project progress, regulatory compliance, critical draw disbursements, and more. It is a cloud-based platform that allows you to track your entire loan portfolio. You

The newest loan participation software, Participate, is designed to help banks streamline the loan-participation process and reduce costs. It enables participants and originators to digitize documents and information, automate workflow, and e-sign documents. Unlike paper-based processes, Participate speeds up the loan-participation process by cutting several weeks off the traditional process.

Construction loan software can help streamline the process for many stakeholders in the construction lending industry. For example, a borrower can use the software to electronically submit payment requests to contractors. They can also send payments through physical checks or ACH. The software allows borrowers and lenders to track these

There are several ways to share documents with downstream participants, including through an AccuAccount-to-AccuAccount transfer, an FTP portal, and an email. The first two options allow banks to send documents directly to participating banks. This process is highly secure and enables the sharing of documents by multiple parties. The third

Managing construction loans requires a large amount of documentation. Hundreds of PDFs and spreadsheets need to be reconciled and approved. The process can be stressful, and can require dozens of phone calls and tens of emails. There is a much easier way to manage the process, and that is through