Residential Services
Granite Loan Management (GLM) is a national construction lending outsource provider for financial institutions. GLM assists a lender in developing, implementing and managing a construction lending program. A lender’s residential construction portfolio is managed utilizing Granite’s Construction Risk Mitigation System™. The system is comprised of seven key components effectively mitigating a lender’s risk during construction. The system includes the following seven services with standards developed in each area: Project Underwriting, Budget Feasibility, Statutory (Mechanics’ Lien Law) Compliance, Funds Disbursement, Construction Inspections, Portfolio Due Diligence and Risk Reporting.
Commercial Services
Granite Commercial Management (GCM) is a national construction management firm offering numerous risk mitigation products via web-based software.
Along with the seven-component Risk Mitigation System™, GCM also offers numerous Workout Services that include Exit Strategy Consulting, Loan Resolution Recommendation, REO Services such as BPO Reporting, National Title Datedown and Permit Status Search, Contractor Replacement and Bid Evaluation; in addition to Forensic Inspections, Cost-to-Complete Inspections, Property Preservation and Monitoring.
The National Association of Residential Construction Lenders (NARCL)
The National Association of Residential Construction Lenders (NARCL) is a nonprofit national Trade Association representing financial service providers in the residential construction industry.
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