Financial Reporting Made Easy – All the Important Information in One Spot
Posted on November 20, 2022
Financial Reporting is extremely important if you’re a bank, mortgage company, private lender, or disbursement control company. Accuracy is of the utmost importance and needs a way to easily attain it. With Fund Control, our software gives you the tools to make all financial reporting a breeze. From risk assessments to cash flows, we put all of your financial reporting needs in one easy-to-use application.
Contact us today to learn more about our services by calling 800-625-5972 to speak with one of our specialists. You can also request to try our free demo.
Continue reading to discover all the benefits of our services.
How Fund Control Makes Financial Reporting Easier
Fund control creates dashboards that show risk assessments, cash flows, and percentages of types of loans. We’ve made predefined reports for routine processes easily accessible. The software makes all detailed reports searchable across all loans and vendors. We have also improved importing methods of transactions from back-end accounting systems.
…And Many More Services are Provided!
- 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.
- 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.
Why Wait? Fund Control is the Future
Don’t wait, reach out to us today by calling 800-625-5972 to speak to an expert. You will discover all the ways we can make your business as efficient as possible. You can also request to try our free demo.