Fewer aspects of mortgage lending require more intensive servicing than the management of residential and commercial construction loans. ISGN’s construction lending solution, used by 10 of the top 15 lenders and 25% of the leading U.S. servicers, provides the functionality for lenders to take tight control of the management and servicing of residential and commercial construction loans.
By simplifying and automating the construction loan process, you can immediately reduce processing costs and improve bottom line results by mitigating risk, increasing efficiencies, increasing staff productivity and reducing timelines. TCLTM allows the lender to control the end-to-end management of the construction loan lifecycle. TCLTM mitigates the risk involved in managing construction loans and provides the flexibility to increase loan portfolios without adding to overhead expense. It is the most widely used system in the United States for servicing construction loans.
Construction loan management is a unique sector of the mortgage industry. Lenders must meet specific requirements to ensure that the percentage completed and funds disbursed ratio remains proportionate. Since construction loans are also managed on-site and the security of the loan is the building itself, lenders must be able to carefully monitor the loan through all its stages. TCLTM automates construction lending and improves the efficiency of the process. It enables lenders to effectively manage the loan from acquisition through development and construction.
The lender has the ability to manage and service all commercial and residential loans including A&D loans, lot loans, 203k loans, as well as borrowing base and tiered pricing loans. Not only can the lender offer alternative financing programs, process and administer competitive and flexible programs for their loans, but it can also provide the users of the TCLTM system with sophisticated options to track borrower relationships and complex lines of credit.
Its powerful servicing functionality equips the user with the necessary tools to ensure project management excellence and exemplary customer care. By deploying the software you can immediately reduce processing costs and impact your company's bottom line by mitigating risk, increasing efficiencies, increasing staff productivity and reducing timelines. TCLTM reduces data error and duplication, while automating and simplifying the entire loan transaction process.
TCLTM software system features provide a comprehensive real-time view of loan portfolios and day-to-day operations, including disbursements, budgets, property inspections and document tracking.