The Fundamentals of Contractor Acceptance
Contractors are key stakeholders in the lifecycle of a construction loan and have direct impact on the success of the project. When it comes to vetting contractors, especially in consideration of the inherent risks and potential pitfalls in construction lending, simply relying on word-of-mouth referrals or online reviews isn’t enough. Finding a trustworthy contractor takes thorough research and a sound contractor acceptance review process.
Join this webinar and learn how lenders can better manage their risk with contractor acceptance by offering realistic solutions and tools to ensure their construction loan program follows best practices. This information will help mitigate any issues before they have a chance to affect your business.
- Understand Consumer Direct vs Builder Referrals
- Learn the Step-by-Step Contractor Acceptance Process
- Identifying Red Flags
- Introduction to Contractor Tracking Tools