Lenders use appraisers to certify the value of the property during the approval process of a construction loan. However, they tend to overlook validating the budget provided by the builder. CLS validates the budget prior to closing which helps lenders, borrowers and builders to avoid budget shortages before they ever happen.
A comprehensive project review will be performed to compare the plans and specifications of house to the contract, budget and appraisal information. This process will encompass a determination of the feasibility of the project, review key construction factors and stages of project, and review the cost estimation of projects versus proposed budget based on market value. |