Transparency is Essential in Construction Loan Management

Transparency is Essential in Construction Loan Management

Transparency is Essential in Construction Loan Management

Posted on July 12, 2019

Transparency is Essential in Construction Loan Management

No matter what sector of the construction lending business you are involved in, whether private equity, mortgage company, disbursement company, or bank, there is no question that transparency is essential. That said, while any company within this sector can easily point to transparency as a priority, it can be harder to ensure that requirements are met.

At Fund Control we have worked to create a unique tool that can help increase transparency for improved results. Read on to learn about the importance of transparency, then contact us at 800-625-5972 to learn how we can help.

Be Transparent in Your Loan

Any person who’s had any type of mortgage likely knows that big banks often hide the details in the underwriting process. Once they get the information they need, the rest of the process can seem out of your control. If you want to lower risk, disperse money appropriate, and track all payments, then you need to be as transparent with your process as you want others to be.

One of the unique aspects of working with Fund Control’s software is that we offer title-level access to various documents. What does this mean? It means that if you want all project managers to be able to access loan details, you can make those loan details confidential except to those who are project managers. You then do not have to keep track of individual people who have access – you know that the software will automatically allow access to anyone you have designed with that title.

Use an Online Portal to Have Instant Access to Everything You Need

In today’s world, online portals are the best and easiest way to stay transparent and ensure other parties are as well. Fund Control offers you all the resources you need to work no matter where in the country you are. You can access your dynamic dashboard 24 hours a day, 7 days per week, from anywhere – as long as you have access to the internet.

Discover the Unique Ways Fund Control Can Help with Construction Loan Management

No matter where you are in the process, you will be surprised to learn just how helpful we can be in providing you with the resources needed to be transparent and receive transparency from others. We provide a unique service that includes more than 800 ways to customize your software. We can even work on providing custom answers when needed.

If you are ready to find out more, to get answers to your questions, or to request a free demo to see exactly how it works, then we look forward to your call to Fund Control at 800-625-5972.