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Construction loan administration is a complex process. The process used to involve manual processes such as phone calls, emails, and faxes, but with the help of automation and collaboration software, this task can be done in a much more efficient and timely manner. To improve , construction finance companies can use machine learning, automation, and collaboration software to help them stream

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If you're in charge of construction loans, you probably have a lot of questions. One of the most important questions you have to ask is how to manage the processes involved in drawing up and processing a loan. If you'r

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Construction loan management requires greater involvement from lenders. These funds are usually disbursed in draws after the closing date, so it is essential to closely monitor the project at all stages. Lenders should also develop flexible policies and transparent budgets to ensure the smooth completion of the project. Lastly, construction loan software should help

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A Construction Loan Administrator manages the portfolio of construction loans. Their primary focus is to manage disbursements during the life of a loan. They will also oversee hands-on management of the loan. They will perform tasks such as site inspections, drawing requests, and budget analysis. They will also participate in non-routine activities such as technology system enhanceme

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The construction loan management software helps streamline the process by collecting and tracking all approvals in one place. Built's digital draw schedules and project budgets automatically reconcile any challenges and expedite approvals. It also allows you to customize your budgets and avoid manual paper collection. The built mobile app also provi