Construction Disbursements Easily Managed with the Many Benefits of Fund Control

Construction Disbursements Easily Managed with the Many Benefits of Fund Control

Construction Disbursements Easily Managed with the Many Benefits of Fund Control

Posted on December 24, 2022

Construction Disbursements Easily Managed with the Many Benefits of Fund ControlOur domain of expertise is bringing banks, mortgage lenders, private lenders, and disbursement control firms up to date with cutting-edge technology. We are thrilled to be able to offer services that, when used, can boost the productivity of your company. The Fund Control services bundle offers ten approaches to structure your company’s internal operations for success.

Contact one of our skilled professionals at 800-625-5972 to learn more about the options. Utilizing Fund Control will bring your company into the age of technology. If you ask to sample our free demo, you may see it for yourself. Continue reading the sections below to learn more about the many services we provide.

Fund Control Upgrades Efficiency

Here at Fund Control, we’ve broken down managing construction disbursements into nine categories. All equally play into giving you the best tools possible for the job. The following list outlines all the ways Fund Control can assist you:

  • Contacts – Keep your leads, borrowers, and contractors organized in one place. You can also, maintain contractor and broker licensing requirements while managing your borrower relations.
  • Communications – Generation and tracking of all your letters, memos, notes, and letter of transmittals. Further, utilize predefined text elements and documents to standardize correspondence.
  • Borrowers – Keep a record of all financial transactions regarding the borrower. Utilize tracking of Vouchers and/or draw requests, verifying that all requests comply with institution policies; creation of disbursement checks and/or transfer forms; and recording borrower pay-downs to manage revolving lines of credit.
  • Loans – Know all things about a loan, from locations to dates, to the players involved and its financial position.
  • Budgets – Create and Maintain all original budgets and any budget changes. Create budgets from templates, spreadsheets, or by manual entry.
  • Project management – Dashboards that show risk assessments, cash flows, and percentages of types of loans. Easy, accessible predefined reports for routine processes.
  • Inspections – Provides the tools and functions to request inspections as well as record them, including pictures and other documents.
  • Regulatory Requirements – Our customizable fund control software makes it easy to set up and administer specialty loans, documenting compliance with relevant FHA standards each step of the way.
  • Concentration & Stress Testing – With the built-in Stress Testing, build unlimited portfolio stress scenarios. Create your own sources of stress; configure the formulas that you would like to use; select the loans that are to be stressed; and then run the test and see the effect on your portfolio over time.

See For Yourself!

Fund control can help you easily manage your construction disbursements and guarantee a new level of efficiency. You can learn more by calling 800-625-5972 to speak with one of our team of experts. You can also request to try a free demo and see for yourself.