To attempt to reduce the risk of construction, as best as a software solution can, FundControl utilizes two big features here. First are Risk Factors, these are user-definable formulas that will trigger if a project becomes riskier during the course of construction.
The second big risk mitigation tool that FundControl has is Stress Testing. Being able to look at your portfolio under multiple scenarios can really present a view of which projects might be at great risk now compared to when the loan was first made.
Interface with Inspectors
Because FundControl is JDIO compliant, seamless coordination and integration can occur between you and your inspection companies, with almost real-time interfacing and connectivity.
Simplify General Workflows
To assist in keeping workflows moving forward there are user-definable notifications.
These notifications are designed in the company setups and can be assigned to team members to make sure workflows are getting accomplished by notifying users as to what their next tasks are needed.
To make sure information is getting entered correctly, and in accordance with company policies, there are validations. User-definable validations can be placed on Contacts end every type of Financial Document.