By partnering with CLS construction lenders attain a higher level of efficiency by streamlining often fragmented process and converting fixed loan administrative costs into variable costs. We support all end-to-end construction lending functions, enabling our clients to utilize a flexible staffing and administration model…engaging CLS experts for any or all construction loan activities. We collaborate with you, leveraging our experience and proprietary technology to help maintain a quality loan portfolio, strengthen weaknesses, build long-term portfolio stability and increase profits. Managing the originations fulfillment process allows our clients to concentrate on creating new originations opportunities. The originations fulfillment offering includes the following services:

Pre Processing

We will input or upload your loan application into our LOS software system, deliver construction disclosures you and your borrower, and make initial contact with your borrower.

Processing

Our experienced staff will ensure the proper documentation was gathered at the origination of the loan. We will organize your loan file, review and verify all applicable documents and submit file to the underwriting department. We will clear conditions as the appropriate documentation is received.

Underwriting

Our expert underwriting staff will underwrite your construction loans to your specific guidelines and requirements. They will ensure the appraisal meets your standards and run applicable fraud/compliance checks. They will issue an approval letter and request additional information as needed. Once file has been underwritten, you will be notified of decision and recommendation for approval by lender.

Closing and Funding

The closing of a construction loan is more complex and requires the coordination and review with underwriting of the calculated amount to be disbursed at time of closing, based on requests for work in place, requested loan amounts, construction holdback amounts, etc.

We will coordinate the closing with your settlement agent. We will prepare and send the complete construction closing package to settlement and submit funding request to you so that you can wire the appropriate amount of funds to the closing on desired closing date.