Managing a construction loan takes a lot of time and effort. Now there’s a method to handle this process more effectively, with more productivity and fewer hazards. Our award-winning Fund Control system includes many features. Which are you most excited about? Call us at 800-625-5972 to let us know and to set up a free demo.

Tracking Your Contacts

Keep track of all the individuals with whom you conduct business by keeping all of your leads, borrowers, and contractors in one location. Maintain the licensing requirements for contractors and brokers. Manage your borrower relationships, among other things.

Simple Communication

Create and organize all of your notes, letters, and memos in one place. All of your letters, memoranda, notes, and letter of transmittals will be generated and tracked. To standardize correspondence, use preset text components and documents. All of the data is completely searchable.

Ensure that Loans and Borrowers Adhere to Regulatory Requirements

Our flexible fund control software makes it simple to set up and handle specialized loans, while also verifying compliance with pertinent FHA guidelines. It may even be utilized as an online FHA 203K lending software solution, assisting you in gathering the essential papers to demonstrate that the borrower is on track with their renovation/mortgage loan.

Detailed Information on the Project is Available.

Know all there is to know about a loan, from the places to the dates, the players involved, and the financial situation. When necessary, maintain and create vouchers, legal notices, and notification letters. Keep track of sub-notes, their budgets, and comprehensive inspections with photos.

Create and Manage Budgets

Create and manage the initial budgets, as well as any budget revisions. Budgets can be created using templates, spreadsheets, or manual entry. Unique budget line items, interest reserves, and/or special reporting alternatives should all be identified.

All financial activities involving the borrower, including disbursements to and pay-downs from the borrower. Voucher and/or draw requests are tracked, and all requests are verified to conform with institution regulations. Disbursement checks and/or transfer forms are created, and borrower pay-downs are recorded to manage revolving lines of credit.

Reporting on Financial Details

Risk evaluations, cash flows, and the ratio of different loan kinds are all displayed on dashboards. Predefined reports for routine procedures that are easily accessible. Detailed reports that may be searched across all loans and vendors. Transaction methods are imported from backend accounting systems.

Inspections on the Project Site are Requested, Recorded, and Managed

Provides tools and services for requesting and recording inspections, including photographs and other papers. These inspections can either drive the approval process or serve as a compliance checkpoint. Inspectors can work with PDFs, MS Excel sheets, and even XML files.

These are only some of the features we offer. Call Fund Control at 800-625-5972 to learn more about how we can help you.