Don’t Let Construction Loan Regulatory Requirements Frustrate You Anymore
Posted on September 12, 2022
Fund Control software is here to save the day and alleviate the stress that comes from following regulatory requirements at your bank. Our services can and will help your bank become as efficient as it can be by providing cutting-edge software that was designed with your needs in mind.
Don’t hesitate, give us a call at 800-625-5972 to speak to one of our professionals. You will discover how we can help your bank seamlessly incorporate all regulatory requirements and more! You can also request to try a free demo to try it for yourself.
Continue reading below to learn about our regulatory requirements service and the other benefits that come with Fund Control.
Regulatory Requirements Simplified
Our user-friendly, fully customizable fund control software makes it easy to set up and fit the needs of your bank. With Fund Control, when you administer specialty loans, it documents compliance with relevant FHA standards each step of the way. It can even be used as an online FHA 203K lending software solution! This helps you compile the necessary documents proving that the borrower is on-track with their renovation/mortgage loan. Ensure loans and borrowers adhere to regulatory requirements and standards with Fund Control.
Streamline Efficiency with These Services
Following regulatory requirements is only one aspect to your professional world and we know it. The following are all the other tools we can provide to 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.
- 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.
- 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.
- Reporting – Have dashboards that show risk assessments, cash flows, and percentage of types of loans.
- Inspections – Provides the tools and functions to request inspections as well as record them, including pictures and other documents.
- 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.
Check out our Features page to learn more about what we can provide your bank.
Unlock a Peace of Mind with Fund Control
Why let your professional construction loan life be difficult and frustrating? We have the solutions you have been looking for. To discover more about how Fund Control can help your bank, call 800-625-5972 today or request a free demo to see the future of efficiency.