Built by construction lending experts, ISGN® delivers its powerful construction loan management system, LoanMomentum, to meet the demands of the industry.

 With three decades of construction expertise, LoanMomentum is a comprehensive software system developed for servicing residential and commercial construction loans. LoanMomentum offers a better way to manage the data inherent in construction lending, including completion percentages, anticipated amount by phase of construction, draw/disbursement activity, billing, and payment processing. The functionality available will drive efficiency and create borrower level insight through our borrower portal.

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LoanMomentum Provides

  • Inventory Tracking
  • Lines of Credit
  • Borrowing Base
  • Tranche/Tiered Pricing
  • Master/Sub-Notes
  • Payoff and Release Rules
  • Pipeline - Staging

 

System Management

  • User defined, role based security
  • Configurable based on business needs
  • Year end reporting
  • General Ledger Interface
  • Powerful reporting to empower you to make fact based decisions

 

Daily Processing

  • User defined budget tracking, templates, and settings
  • Line of credit tracking, including disbursement processing and check printing
  • Daily interest accrual calculations
  • Monthly billing, including auto deduct from interest reserve as well as payment processing
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Powerful Reporting

  • Interest reporting
  • Project reporting including percent completed by construction period milestones
  • FASB fee amortization
  • Exception reporting for documentation, missed inspection dates, and draw requests

 

Loan Types

Residential
  • Construction-to- Permanent
  • Renovation
  • Builder Lines
  • A&D
  • Land & Lot
  • Borrowing Base
Commercial
  • Multi-Family
  • Mixed Use
  • Hotel
  • Retail
  • Office

Online Borrower Portal Module

  • Branded for your company
  • Reduce incoming calls; customers have access to the data they need
  • Automatic e-mails for billing and draw request notifications to the borrower
  • Vendor can view notes, contractor budgets, submit draw request, order inspections, view request status and lender comments

 

 

Inspection Processing Module

  • Automate the inspection process with 3rd party inspection vendors
  • Automating the inspection process accelerates your inspection turn around time and funding cycles
  • Results are posted directly to the system, including images

Simplify Systems 

  • Handles multiple account types with various features, such as fixed rate, variable rate, revolving, borrowing base, etc. on a single system
  • Easily integrates with other third party systems, including accounting, general ledger, and permanent loan servicing
  • Standard system reports as well as ad-hoc reports are available directly from the system to assist with monitoring loan usage or performing an interest reserve analysis
  • Flexible Budget templates and tracking available through the system and fully integrated into the disbursement process for easily identifying line items that are over budget

Manage Risks

  • Budget line item tracking with percentage complete
  • Track change orders or reallocations among budget line items
  • Interest reserve feature for payments during construction
  • Interest accrual and non-accrual processing to ensure receivable amounts are reflected correctly on past due accounts
  • Disbursements can be made payable to the borrower, vendor or both to protect you, the borrower, and the contractors

Increased Efficiencies

  • Automated quote and pay-off rules capability takes all holds, deferred fees and other user defined rules into account
  • Track retainage, set asides, and holdbacks on all or part of a budget line item
  • Pipeline loan management
  • Year End reporting of 1098’s and 1099’s to the IRS and customers through an integration with 1099 Pro’s application
  • Billing statements are generated directly from the system with the interest due, escrow due, and any other amounts owed on the loan

Increased Productivity

  • Reduce the inspection process timeline through electronic requests and results, which are uploaded directly into LoanMomemtum by the inspector
  • Accept lockbox or automatic payment files to reduce manually entered payments
  • Fee amortization (FASB) is handled directly through the system reducing the need for manual tracking
  • Automate the most time-consuming and unprofitable part of the construction loan: business documentation and tracking

Learn More about LoanMomentum

 

“LoanMomentum™ gives us the ability to effectively manage our builder and renovation lending programs, handling everything from contractor management to disbursements. Bringing this functionality into one software program enables us to provide the contractor community with lending products that meet their needs and respond to the way their business works. There is no other program available that is as comprehensive.”

-John S SVP & National Renovation Manager Prospect Mortgage