Construction Loan Control System (CLCS)
Our core engine is a fully automated loan management system built to handle complex multi-phase portfolios with absolute accuracy. Trusted by top-tier financial institutions for decades.
Borrower Portal
Designed to streamline communication between lenders, borrowers, and inspectors. The portal supplies real-time data access in the field, eliminating communication bottlenecks and accelerating turnaround times.
Power BI Analytics & Reporting
Advanced business intelligence integration providing deep visual insights into loan performance, risk metrics, and portfolio health through dynamic, executive-ready dashboards.
Enterprise Integrations
We work alongside your existing infrastructure with custom APIs, pre-built connectors for leading banking platforms, and seamless General Ledger accounting synchronization. We can also assist you with custom APIs to seamlessly integrate even the most complicated of systems.
Benefits of CLCS
What CLCS handles day to day, across the full life of a loan.
Detailed Budget / Line Item Control
- Easily manage income and expenditure
- Control inspections, documents, commitments, and retention
Interest Reserve Accounting
- Automatic interest reserve payments
- Interest reserve remaining reports
Payment Application
- Pay interest, principal, late charges, fees and escrows via check, wire, DDA, ACH and other methods
Payment to Subcontractors
- Pay and track subcontractor invoices
- Create 1099 e-filing; year end reporting available
Flexible Billing / Accrual
- Interest only
- Principal & interest
- Interest + principal
- Fee & escrow billing
- Participation billing / accrual
- 1098 e-filing and year end reporting available
Charge-Offs and Recoveries
- Full non-performing accounting and shadow accounting
Flexibility
- Easily manage both construction and term loans on one platform
- SQL reporting
Borrowing Base
- Full borrowing base tracking, reporting and billing
At Data Select Systems, we also seek to improve the experience of the borrower. By using CLCS in conjunction with the Borrower Portal, borrowers can expect quicker turn around on loan funding upon approval and 24/7 access to their loan details in real time.
Gain a competitive advantage and better customer satisfaction with CLCS and the Borrower Portal.