ISGN, a mortgage technology provider, partnered with Granite Loan Management, creating an enhanced solution for the mortgage industry.
Currently, Granite's Construction Lending Risk Mitigation System is designed to reduce the additional elements of construction risk such as budget shortfalls and inspector performance.
Additionally, Granite's RenovationReady product provides bankers the ability to originate renovation lending using FHA 203Ks and Fannie Mae Programs.
Both of those products will merge into ISGN’s TCL software, which simplifies the management of all residential and commercial loans.
As a result, the two products will enhance TCL, allowing lenders to benefit from having a one-stop-technology-shop for all their needs.
"Through this alliance, we are maintaining this joint commitment by providing a comprehensive construction lending product to help clients reduce costs, mitigate risk and increase efficiency, all without adding to overhead expenses or expanding internal resources," said Ritesh Idnani, CEO and vice chairman of ISGN.