Residential or Commercial
New or Remodel
National Fund Control™ offers an independent, professional service to provide project bookkeeping and draw inspections for owners, lenders and general contractors.
- Increase Efficiency
- Reduce Overhead
- Improve Customer Satisfaction
National Fund Control™ has developed proprietary technology specifically for construction project’s bookkeeping control and is used to accurately account for each progress draw and to provide project information through secure online portals for the owner, the general contractor and the lender.
The technology includes hard-coded formulas to update each progress draw accounting automatically and accurately. Forms are automatically populated with the approved data resulting in matching lien waivers, certifications and affidavits. Notifications and forms are automatically sent by e-mail or fax to the appropriate parties.
- Owners
- Lenders
- Contractors
- Escrow
Project Owners…
Why risk paying ‘in advance’ to your Contractor? ... Why burden yourself with the project’s bookkeeping and collection of lien waivers? ... National Fund Control™ can be your inspector and bookkeeper to oversee your project, giving you ‘piece-of-mind’ that the accounting is properly done and lien waivers are properly obtained.
Construction Lenders…
National Fund Control™ can simplify your compliance requirements by providing detailed project bookkeeping and collection of lien waivers. You will have online access to this information plus the progress inspection images verifying the ‘work-in-place’. Our services eliminate your MISC1099 filing requirements while maintaining a high level of ‘risk mitigation’ by paying the subcontractors and suppliers directly on each progress draw.
Contractors…
National Fund Control™ can simplify your draw requests and project bookkeeping workload. Our technology offers a standardized process for each draw request and efficiently supplies the construction lender with the accurate and signed lien waivers and support that quickly gets you funded.
Bonded Escrow
National Fund Control™ offers a $15 million bonded escrow account for each project it services. Our bonded escrow is typically provided when a construction lender is not involved and the owner is funding the project.
Owner and Contractor Benefits
- Better Service - Better Pricing
Your contractor knows that the funds are available to pay him and his vendors for the contract amount resulting in better service and pricing - Eliminates The Risk of Paying ‘In Advance’
Your contractor typically requires a large deposit. You can use the bonded escrow to negotiate to either eliminate or minimize the ‘front’ money deposit. This eliminates the risk of paying ‘in advance’
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