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Category: Construction Loan Software

Detail of neoclassical design on skyscraper originally a bank designed by Daniel Hudson Burnham in 1911 in the financial district of downtown Chicago

Example of Machine Learning in Banking and Construction Loan Management

In this example, a bank, let’s call them First Federal, is a commercial construction lender with a $500M portfolio. They manage dozens of loans and the deluge of administrative tasks... Read More

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How Construction Loan Software Fast Tracks the Construction Draw Process

In the modern world, there is no more need for borrowers to wait months for their draw requests to move through the construction draw process before receiving payment. Just as... Read More

How Construction Loan Software Cuts Draw Application Processing in Half

How Construction Loan Software Cuts Draw Application Processing in Half

Imagine that instead of biting your nails for five days (or is it nine days) manually reviewing and approving a construction draw request, you can do it half the time.... Read More

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Construction Loan Management and the 2018 LendIt Fintech Conference

Team Contract Simply enjoyed a few days in San Francisco attending the 2018 LendIt Fintech Conference. In addition to meeting 100’s of lenders interested in construction loan management software, we... Read More

Embracing Mechanic’s Liens with Construction Loan Software

Embracing Mechanic’s Liens with Construction Loan Software

In a “sunshine and rainbows” world, construction contractors do a stellar job, their draw request is approved, and lenders pay up - everyone is happy for the rest of time.... Read More

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Construction Loan Software Expedites the Construction Draw Process

Modern technology aims to simplify all processes and aspects of human existence. And the tasks associated with managing the construction draw process are no exception. Given the fact that the... Read More

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SaaS – Digital Trends in Construction Loan Administration

Although post-closing management of construction loans is an area ripe for game-changing process improvement, it has been largely underserved by technology. There are many variables in construction loan administration including... Read More