ISGN Corp., a provider of end-to-end technology solutions and services to the mortgage industry, says PrimeLending, a Dallas-based national residential mortgage lender, has implemented ISGN's TCL product, a software system developed specifically for servicing residential and commercial construction loans.
According to the Federal Deposit Insurance Corp., ISGN says, both residential and commercial construction loan volume is rebounding after a steep decline. As a result of this increased demand, PrimeLending will leverage TCL to better manage residential construction loans from one streamlined, automated and configurable system, allowing control of the end-to-end management of the entire loan lifecycle, ISGN explains.
"U.S. home construction has recently showed signs of improvement and growth," says Kale Salmans, senior vice president of construction and renovation for PrimeLending. "This prompted us to invest in ISGN's TCL platform to better manage the increased demand in residential construction loans while allowing us to become more efficient. With this technology in place, our loan originators have the ability to increase their home loan pipelines."