See You Later, Spreadsheets!
Horizon Bank’s Construction Loan Transformation
Tired of juggling spreadsheets for your construction loans? Horizon Bank was too! See how they ditched the chaos and streamlined their entire construction lending process with Land Gorilla. Explore the bank’s journey to improved efficiency, automated reporting, and better loan management, all thanks to a user-friendly platform that integrates seamlessly with their existing systems. Learn how Land Gorilla can help your institution achieve similar success!
Heather Penziol: Horizon Bank is well-known in the construction world. We’ve been doing construction loans for over 150 years. Indiana and Michigan are our primary markets, that’s where we do most of our construction. The reporting was becoming such a nightmare because of how many Excel spreadsheets we had. We were losing track of some of the loans and they were just getting away from us.
We knew we needed one place to house all of the construction loans and all of the draws. We knew we needed a solution, and that’s when we came across Land Gorilla.
Kate Bohlin: We don’t lose track of loans anymore. We were able to monitor monthly progress versus time frame, which is huge. It’s a scary feat jumping in to get everything up and running with Land Gorilla, but it’s going to go way better than you expect.
We had to get all of our existing loans and all of our new loans, and we had to start processing all of our draws on Land Gorilla kind of all at once. It really sounded like a huge job. But within just a quick amount of time, we had all of our loans in and we’ve never looked back. See you later spreadsheets, because it’s so much better the way we’re doing it now. Oh, it’s amazing.
Heather Penziol: Our commercial department was looking for something as well. And so we really wanted something that, for one, would integrate with our LOS system that the builder could integrate with as well. The reporting is a robust system and is user-friendly.
Kate Bohlin: All the boxes have been checked and probably boxes we didn’t know we wanted or needed we’ve been able to check off the list. The automation of the ordering of inspections I think is a no-brainer. You need an inspection and the process is already in the works in the background while you’re working on other things.
Heather Penziol: The fact that Kate can do commercial and residential all in one spot, and it’s one person that makes a big difference. It is automated so well that you do need a smaller team. So Land Gorilla has made us a lot more efficient.
Kate Bohlin: Our reports are generated monthly without even a manual click of a button. I mean we’ve set them up. We want them structured a certain way. And every month my reports are already in my inbox for me to then use to our needs.
Automation is taking some of the work out of your hand, which is a little bit of control, but it’s done the right way and companies will see there’s nothing to fear. They’re going to have just as great results, if not better than before.
Heather Penziol: We always feel like you guys are listening to us. You guys are hearing us and we feel like a very valued customer. We do have a lot of integrations with our system, but Land Gorilla stands out, it really does.
Heather Penziol, VP Mortgage Operations Officer, Horizon Bank
Kate Bohlin, Construction Loan Administrator, Horizon Bank