Detailed Project Accounting

• Realtime Data Access
  You will have an online access to the project’s accounting and other information in real time 24/7
• Inspections
  Your inspector can be used for the progress inspection or National Fund Control™ can provide the inspector
• Risk Mitigation
  National Fund Control™ accounts for and prepares checks to directly pay the subcontractors and suppliers working on the project which eliminates the risk of paying the general contractor a lump sum
• Compliance
  A lump sum for each progress draw amount is funded to the owner’s project checking account solely setup for the deposits and the disbursements for the project. This eliminates your compliance requirement to file MISC-1099 for the subcontractors and suppliers paid on the project
• Automatic Notifications
  Your “back office” will automatically be notified when a progress draw request is submitted and an inspection is required, or completed
• Satisfied Customers
  Your progress draw processing will be more efficient with results being satisfied customers

 

 

Technology Features
for the Lender

• Secure Access
  Secure portal with access to all builders and all projects from a single unique login
• Easy Document Re-prints
  Reprint feature for all documents that are sent to the subcontractors, the owner and the lender
• Report Management
  Management reports for status of individual projects and all projects
• Electronic Documentation
  Scanned documents for invoices, lien waivers, etc. that is viewable by lender and contractor
• Online Inspection Images
  Progress inspection images and notes available to view before draw is approved
• Progress Draw Editing
  Ability to edit the draw request before final approval
• Dedicated Check Registers
  Project check register report for the checking account setup by the owner

Take the Next Step... Submit your project application online by clicking the "Apply for Services" button below and have National Fund Control™ do the work for you. Upon completion of the application you will be e-mailed the service agreement and the project setup instructions.