In the competitive world of construction loan management, efficiency, and accuracy are crucial. Fund Control, a top provider of construction loan management solutions, has made a significant leap forward with its integration with AFX Research, a premier real estate title research service.

This integration is set to revolutionize title updates, making the loan disbursement process faster and more efficient for all stakeholders involved. Contact Fund Control at 800-625-5972 for a demo.

Streamlining the Title Update Process

Managing construction loans involves numerous steps, each critical to ensuring timely and accurate disbursements. One of the most labor-intensive steps is updating titles with each draw request. Traditionally, this process could take several business days, causing delays and increasing the risk of errors. However, Fund Control‘s integration with AFX Research automates this process, reducing the turnaround time for title updates to just 0.74 business days.

Joseph Patterson, Chief Software Architect at Fund Control, explains the impact: “By automating title updates, our clients can now significantly reduce time and streamline workflows when disbursing construction funds as well as requesting payments.” This innovation not only speeds up the process but also enhances accuracy, reducing the risk of errors and ensuring that projects stay on track.

Benefits of Automated Title Updates

1. Faster Loan Disbursements: The automation of title updates eliminates the delays associated with manual processing. This results in faster loan disbursements, helping to keep construction projects on schedule and improving cash flow management.
2. Enhanced Efficiency: By integrating AFX Research’s services, Fund Control has streamlined data entry and communication processes. This integration improves coordination between all parties involved, including lenders, owners, disbursing organizations, borrowers, and contractors.
3. Risk Reduction: Accurate and timely title updates are essential for mitigating risks in construction loan management. This integration ensures that best practices are followed, reducing the potential for errors and improving overall project security.

David Mitchell, President at AFX Research, highlights the significance of this development: “By leveraging automation, we can empower lenders and borrowers to experience a faster, more efficient closing process.”

Advancing the Construction Lending Industry

This integration marks a significant advancement for Fund Control and its clients. With over 35 years of experience in construction and software, Fund Control continues to push the boundaries of innovation, providing solutions that meet the evolving needs of the construction lending industry. The collaboration with AFX Research is a clear demonstration of this commitment, offering clients enhanced tools to manage their loan processes more effectively.

As the construction industry continues to grow and evolve, the need for efficient and reliable loan management solutions becomes increasingly important. Fund Control‘s integration with AFX Research not only addresses these needs but also sets a new benchmark for excellence in the field.

The automation of title updates within Fund Control‘s platform is a transformative development for the construction loan management industry. By significantly reducing the time required for title updates and improving overall workflow efficiency, Fund Control and AFX Research are leading the way towards a more efficient, reliable, and innovative future in construction lending.