There is a continuous discussion around best practices, differences, and use cases among construction and renovation lenders regarding General Liability Insurance and Builder’s Risk Insurance policies. These two insurance products are not interchangeable and serve entirely different purposes.
These seven critical questions will help you to make informed decisions about construction lines of credit for construction and renovation lending. Bonus: Listing of warehouse banks offering construction lines.
Private lenders can standardize their construction lending processes for growth and profit with some examples from Temple View.
Independent mortgage bankers can survive margin compression with a healthy mix of loan products. Learn more about these loan products in this blog.
Community bankers have historically considered construction loans an essential part of their loan portfolio. Whether or not you currently have programs running, the current market conditions lend themselves to an opportunity of portfolio growth with construction lending.
Surveys and Foundation Endorsements play an important role in construction finance and protect financial institution’s physical interests in real estate. It’s important for construction lenders to fully understand their purpose and benefits when utilizing the tools.
In an ever-changing climate of rising material costs, lenders should pay close attention to Contingency Reserve Accounts, Builder Acknowledgement Forms, and their Change Order Policy.
Remote Inspections is a new method of procuring a professional inspection, without the health risk of traditional inspections. Learn how Remote Inspections can be used for very remote locations.
Construction lenders may have more in common with survival specialists than they think. This fun blog post details the skills successful construction lenders have that help them to thrive with construction and renovation lending.
You’ve already got a commercial or consumer construction loan program, but how can you scale in the future? These seven tips will give you some ideas on how to get more from your current construction loan programs.