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CRM™ is a fully integrated plan,
specification and contract
review, construction monitoring, and project accounting processing
service used to assist construction lenders nationwide. Our
proprietary service . . .
- Frees lender staff from managing construction
related activities
- Helps protect first lien rights of lender
- Provides proactive involvement for lower
fees than a bond
- Transfers lender overhead expenses to borrower
- Provides paperless project files via the
internet
With CRM™, FAS assumes primary responsibility for the management
of progress payments, leaving more time for lenders to underwrite
borrowers and write loans. Further, we pay the suppliers, sub-contractors,
and general contractor directly, protecting your first lien rights.
CRM™ is a three-part proactive process including review of contract
and design documents for adequacy in constructing the project, monthly
construction site visits and photos, and project accounting with
funds disbursement. All this for less than the cost of a bond. Further,
our services are part of the borrower's transaction costs, removing
this overhead from your bottom line.
As if that isn't enough, up to date project information is at your
fingertips via our web-based reporting that effectively organizes
and keeps your project files virtually paperless. |
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