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LendKey, the leading platform for loan participation, has announced the addition of JP Wartman and Ra'Shaud Haines to its board of directors. Both have proven track records in building and nurturing long-term business relationships. Both have a proven track record in managing and optimizing managed loan participation programs. Read on

The construction loan management process is time-consuming and often stressful. Dozens of documents, spreadsheets, and emails must be reviewed and submitted to various institutions. It is also often complicated, and requires coordination between multiple departments. A construction loan management software can streamline the entire process by ensuring compliance with regulatory

Using loan participation technology can reduce risks for both the participating institutions and the borrowers. It is also an excellent way for lending institutions to remain "of record" for large borrowers while maintaining a lead role in the relationship. Here are some reasons why loan participation technology is a great

Until recently, managing the flow of customer documents into the bank was virtually impossible. Each year, new documents flood in and need to be manually processed and distributed. The streamlined loan participation software made it easy to connect participating  banks . In the program, an account administrator sets up the contact