Lenders go to great lengths to verify information on the people borrowing their funds. However, they neglect to verify information on one of the most important individuals in the construction lending process, the builder. The builder is the one actually building your assets and CLS provides a complete review of the builder’s data which enables you to make a complete and informed credit decision.

Prior to loan closing, a review and assessment of the builder application information is performed to determine if a contractor is qualified and credit-worthy to build the project. This service continues after closing by an on-going tracking system, which will track expiration of contractor's license and insurance policies while the project is being built.
The following items are typically included in the builder documentation tracking:

• Subcontractor and Supplier References
• Contractor's Licenses
• Insurance Policy effective and expiration dates
• Litigation/Credit Report (additional costs will apply)