Learn How to Easily Follow All Regulatory Requirements with Construction Loans
Posted on August 11, 2022
If you manage construction loans, you know how time consuming and strenuous they can be. From making sure every regulatory requirement is being accurately followed to effectively keep track of construction loans and budgets, it can be a lot of work. If you wish to find software to help make your professional life easier, look no further.
Our award-winning Fund Control Software is used by Banks, Mortgage Companies, Private Lenders, and Disbursement Control Companies. It is easy to use and easy to set up. Fund Control handles anything from small renovation loans to multi-billion-dollar projects. It manages changes, documents, inspections, and controls disbursements while mitigating all risks during the construction process.
Learn more about our services by visiting our Features Page and see all the benefits they can provide you. Feel free to contact us at 800-625-5972 to speak with a Fund Control specialist. You can also request a free demo to experience it firsthand.
To discover more about how regulatory requirements with construction loans are simplified, continue reading below.
Construction Loan Service Explained
Mismanaging a construction loan can be absolutely devastating to your place of business. For example, mismanaged loans have led to civil lawsuits where large amounts of money were lost.
With Fund Control, that will not happen. You will know all things about a loan, from locations to dates, to the players involved and its financial position. You can maintain and create vouchers, legal notices, and notification letters when needed. Also, track sub-notes and their budgets as well as detailed inspections with pictures.
No Longer Stress About Regulatory Requirements
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.
Experience It for Yourself
Let us take the stress out of dealing with regulatory requirements. Reach out to us today at 800-625-5972 to speak to a specialist that will explain all the benefits of using our system. You can also request to try a free demo.