With 40+ years of experience in the mortgage industry, Shannon Faries understands project stakeholders’ troubles in effectively manage construction loans. He uses this perspective to benefit Land Gorilla customers in everything the company does– from product development to ongoing customer success.
Thanks to Faries’ contributions, Land Gorilla is now the top software solution for construction loan management, and 9 of the top 10 lending agencies use the company’s CLM platform.
Faries has infused his industry knowledge into a tech solution for construction lenders to have the consistency, controls, and best practices they need to be successful.
This year, he worked with the USDA to construct and successfully launch the USDA Single-Family Construction-to-Permanent Loan Pilot Program, a first of its kind program that gives lenders a new option to immediately pool the loan into a Ginnie Mae mortgage-backed security at closing. The guidelines also enable more lenders to meet program qualification requirements to help overcome the severe lack of housing inventory.
“Shannon Faries embodies trust and innovative thinking that have enabled Land Gorilla to be the leading technology for CTP loan management.”