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Outsourcing construction loan monitoring and accounting saves Lender's
time and money . . . |
- FAS handles the vast majority of documentation review, accounting,
and communication with the contractor so that loan officers have
more time to underwrite and approve loans resulting in additional
income.
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Lender benefits from FAS Construction Risk Management services include
. . . |
- Proactive project involvement for the same
or lower fees than a performance bond.
- Up to date information from construction,
architectural, and engineering professionals via our web-based
reporting that will keep your project files virtually paperless.
- FAS issues checks directly to parties supplying
the goods and services thereby reducing the risk of liens and
maintaining the first lien rights of the Lender.
- FAS fields all calls from the contractor
eliminating the need for Lender's personnel to be bothered with
construction and payment related problems. This maximizes use
of your human resources in your core business of making loans.
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