Learn How to Make Your Bank’s Financial Reporting as Detailed as Possible
Posted on June 25, 2022
If you’re a Bank, Mortgage Company, Private Lender, or a Disbursement Control Company, you know firsthand your financial reporting needs to be efficient as possible. With Fund Control, our software gives you the tools to make your company the best it can be. From risk assessments to cash flows, we put all of your financial reporting needs all in one easy-to-use application.
Contact us today to learn more about our services by calling 800-625-5972 and speak with one of our specialists. You can also request to try our free demo.
Continue reading to discover all the benefits from our services.
Detailed financial reporting
Fund control creates dashboards that show risk assessments, cash flows, and percentage 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 backend accounting systems.
Other services we provide
- 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 to your portfolio over time.
Customize your Fund Control package today
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.