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Land Gorilla Blog Beginner's Guide to Contractor Acceptance

The Lender’s Guide to Contractor Acceptance

Contractor acceptance is a key component to construction lending, but unfortunately it is often overlooked or neglected. Lenders must understand the concept and process of contractor acceptance to successfully build and maintain an acceptance process. This includes understanding the benefits of these programs, the different types of referrals requested, important red-flags that may be encountered, the importance of a risk management policy,  as well as an important tool that can help streamline a contractor acceptance workflow.