The integration means Path users can now seamlessly access Land Gorilla’s Construction Loan Manager solution to manage and streamline the digital draw process, loan servicing, and payment transactions.
The Construction Loan Manager also provides Path clients visibility into portfolio risk, loan performance and compliance tools – mitigating the risks associated with post-closing draw management.
“Today, everyone involved in the construction loan process wants a digital experience,” says Sean Faries, CEO of Land Gorilla, in a release. “Our integration provides lenders and project stakeholders with a fully digital and seamless experience.
“For example, lenders can now deliver a customer-centric experience that will allow borrowers and their builders to manage critical tasks associated with their project, such as draw requests, change orders, budget balances, electronic signature processes, lien controls, inspection requests and document management,” he adds.
Bob Dougherty, executive vice president of business development at Calyx Software, says the integration “will help lenders that offer construction loans gain efficiency, reduce risk, and ultimately become more successful and profitable.”