Granite Loan Management (GLM) is the industry expert in construction lending and fund control. GLM provides construction risk mitigation so you can develop your construction lending business and establish a reliable fund control process with confidence.
We are a full-service Construction Risk Mitigation Company offering services such as Contractor Review and Acceptance, Project Review and Approval, Fund Control including Inspections and Reporting as well as the forwarding of billing statements and collection of payments.
With both new home origination and homeowner rehabilitation on the rise, construction lending represents explosive opportunities for growth. Construction loan gross yields are in excess of typical mortgage products, but without a solid fund control process in place, the risks represented can quickly debilitate even the most secure programs.
GLM, through its Risk Mitigation System, offers lenders and private individuals the ideal way to oversee the fund control process without the burden of additional paperwork and excessive legal consultation. With unsurpassed policies and procedures, GLM takes the guesswork out of statutory lien law throughout every phase of the construction process. Through our in-house fund control department, we offer our clients web-based budget and draw status, quality inspections from Maine to Maui and all within established service standards.
Our proven products and services enable lenders to enter the lucrative construction lending market without the cost of developing an expensive infrastructure. For the private individual who is building a home, we offer the peace of mind of overseeing the complex process of fund control by ensuring each project will be finished on time, within budget and free of mechanics' liens.
We can manage a lender's existing portfolio or assist in building a new one depending on our level of involvement. In addition GLM also provides, in conjunction with our fund control services, comprehensive information regarding the various lien laws specific to each state in which a lender chooses to operate.
Whether you utilize all of our products or only one, GLM's services will save you time, minimize your costs and reduce your risk. As your independent third-party, GLM will also act as your advisor throughout the entire construction phase. With dedicated customer service departments for all of our divisions, GLM is committed to offering each and every one of our clients exemplary support.
Let GLM custom tailor a construction risk mitigation program to meet your needs!