Overview
What is Construction Loan Manager?
Construction Loan Manager by Land Gorilla is a software solution designed to automate and streamline the management of construction loans. This platform caters to lenders and financial institutions involved in construction lending. With its comprehensive features and user-friendly interface, Construction...
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Basic
$25
Entry-level set up fee?
- No setup fee
Offerings
- Free Trial
- Free/Freemium Version
- Premium Consulting/Integration Services
Product Details
- About
- Tech Details
What is Construction Loan Manager?
Construction Loan Manager by Land Gorilla is a software solution designed to automate and streamline the management of construction loans. This platform caters to lenders and financial institutions involved in construction lending. With its comprehensive features and user-friendly interface, Construction Loan Manager aims to be an indispensable tool for professionals in the lending, construction loan administration, mortgage, construction project management, and real estate development industries.
Key Features
Draw Administration Experience: According to the vendor, Construction Loan Manager allows for streamlined draw administration by facilitating digital draw requests, tracking loan fund disbursements, and monitoring key performance indicators. The software offers custom user roles, integration with inspection processes, and tracking of lien waivers for efficient draw disbursements.
Builder & Borrower Experience: The vendor claims that Construction Loan Manager enhances the experience for builders and borrowers by providing a user-friendly interface for submitting draw requests and accessing loan information. The platform aims to streamline communication and collaboration among all parties involved in the construction loan process, increasing transparency and visibility.
Reporting: Construction Loan Manager provides easy access to real-time data, allowing users to maintain the health of their loan pipeline. The platform offers dashboards for real-time visibility of key performance indicators and configurable charts for data visualization. Users can drill down on company, team, and end-user metrics for comprehensive reporting.
Automation: According to the vendor, Construction Loan Manager enables the automation of dynamic workflows and the management of important tasks at critical loan milestones. The software aims to bring together compliance, risk management, and industry best practices. It offers event-based triggers and configurable user-based controls to streamline workflows.
Lien Waivers & Title Updates: Construction Loan Manager offers a fully integrated lien waiver and title update process, which the vendor claims can proactively protect legal interests. The platform aims to reduce project delays, facilitate rapid payments, and automate lien waiver and title update processes without the need for secondary billing or vendor management.
Servicing: Construction Loan Manager provides a comprehensive solution for managing construction loans. The software offers tools for managing interest billing statements and escrow account statements in one system. Users can automate the generation of monthly interest billing statements, create custom loan payoff quotes, and record interest due and late fees.
Payments: Construction Loan Manager can be used as a system of record for managing transactions, according to the vendor. The platform offers accounting and payment features that support wire, ACH, check, and journal entry transactions. Users can benefit from cash management user controls, account reconciliation reporting, and the ability to track payment status.
Construction Loan Manager Features
- Supported: Accounting
- Supported: Borrower Management
- Supported: Collateral Tracking
- Supported: Compliance Management
- Supported: Construction Loans
- Supported: Document Management
- Supported: Investor Management
- Supported: Audit Trail
- Supported: Customer Management
- Supported: Electronic Signature
Construction Loan Manager Technical Details
Deployment Types | Software as a Service (SaaS), Cloud, or Web-Based |
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Operating Systems | Web-Based |