Construction Lending Software
Use the North Shore Construction module to plan, track, and control all financial aspects of a commercial or residential-development construction loan. From initial funding projections and AIA line item budget breakdown to in-the-field inspection data capture on a mobile device, this module makes the administration process easier. Better yet, construction and funding statuses are made transparent to all concerned parties with real-time balances.
Most critical are the exposure controls, in including project and borrower level limits, plus all-encompassing Business Rules that ensure proper workflow, inspection processes, and funding approval.
Over 75 years of experience among the NSS staff in construction lending and automation reflects in the functionality and flexibility built into the Construction module. This experience ensures that all types of construction projects and all ways of funding and controlling those projects are supported.
The module’s sophisticated budgeting capabilities make it easy to create new ones and offer special capabilities for inspections, retention, change orders, and disbursing funds.
Budgets, disbursement projections, inspection data, and draw requests are all integrated into the disbursement and approval process.
reduction in borrower-line approval time
increase in digital feed of inspection data
increase in accuracy and timing of draw requests
increase in disbursement control
reduction in time building initial budget