Expanding Your Capabilities
At Cloud Lending Solutions we feel that controlling risk, being efficient, and managing the customer experience for construction loans is an area that banks and financial institutions can leverage financial technology. The historical overload of paperwork, spreadsheets, emails, phone calls, and back-and-forth between the lender staff, builders, and borrowers can make the process overly burdensome. Our Construction Lending Solution is customer-centric and designed to meet the needs of banks with the most demanding requirements for construction loans. From submission of the application through disbursements, CL Originate™ manages the entire origination and underwriting process including loan file management, managing parties, project disbursement schedule, credit analysis, loan committee approvals, inspection alerts and covenants. Transparency and workflows help to reduce risk and friction in the lending process and ensure an exceptional borrower experience.
Define and schedule each construction project milestone and each of the individual construction activities associated with each milestone.
Define and schedule each construction project milestone and each of the individual construction activities associated with each module
CL Originate™ provides document management, credit exposure, and business risk analysis. Workflows for task management, financial spreading, and configurable underwriting scorecards ensure compliance enforcement. Loan committees can collaborate in real-time with borrowers.
Integrations to core banking systems, loan accounting systems, and credit bureaus are leveraged to determine eligibility, provide analysis, generate an offer, and finalize the construction loan. Ultimately, this front-to-end construction loan platform helps lenders achieve increased loan production, higher profitability, faster decision-making, and better efficiency among teams.
Integrations to Core Banking Systems, Loan Accounting Systems, Credit Bureaus are leveraged to determine eligibility, provide analysis, generate an offer and finalize the construction loan. A construction loan platform providing increased loan production, higher profitability, faster decision-making and better efficiency of the lending teams