TT Lender Solutions Partners with ISGN for Construction Loan Servicing
Construction management firm TT Lender Solutions selected ISGN's The Construction Lender (TCL) software platform for its construction lending management services. “Underperforming construction loans are becoming more prevalent in the industry, and lenders are realizing that they need a way to effectively manage this segment if they’re going to protect the overall health of their businesses,” says Reggie Swiney, president of the mortgage products at ISGN. TT Lender Solutions, a third-party construction loan administrator and default management service provider, will use the software to keep up on commercial construction loan servicing. TCL will allow the firm to track and manage construction loans from acquisition through development and construction. "Today's market presents a huge opportunity for us to help lenders analyze their current construction portfolios, profitably manage the completion of their unfinished projects and reduce losses on their non-performing loans," says Tim Landwehr, national sales manager for TT Lender Solutions. Write to Diana Golobay.