Construction Loan Manager

Comprehensive Draw Management Platform

Kommentare: Without this system, we would not be able to effectively manage draw administration for renovation loans. I have worked for shops in past that relied on Excel spreadsheets to manage renovation projects. This system is so far advanced from an Excel spreadsheet, it would be like comparing the Flintstones to the Jetsons. (I realize I'm dating myself with the reference. ;)) One small feature I particularly appreciate is the system's ability to accurately track interest earned on the renovation escrow accounts. That is a feature our corporate accounting system cannot duplicate.

Vorteile:

The Land Gorilla staff is incredibly helpful and friendly. Their training during onboarding is thorough and they are eager to provide ongoing support. The platform itself is one of the most comprehensive I've seen for draw management. Using it greatly reduces if not eliminates user error and serves a vital function in making sure projects progress. It also empowers fewer draw administrators to manage a higher capacity of renovation projects.

Nachteile:

While I appreciate the messaging component within the system, external parties are less eager to adopt it. I prefer it as a single point of reference for all tasks, milestones, communication, etc. Since other parties prefer using regular email to communicate, I do appreciate the system's ability to pull those messages into and document them within the loan file. However, the external parties must include the appropriate LG email address, so there are times when communication outside of LG is not captured. Also, 203(k) Consultants have been reluctant to use LG"s software, citing a duplication of efforts. My observation is that LG's system is more accurate and reliable than a Consultant's personal records. I would like to see the Consultant community embrace this system vs. complaining about it.

One of my favorite vendors

Vorteile:

We have been working with Land Gorilla for a couple years now and have nothing but positive things to say. They have a very robust system, incredibly responsive support, and competitive pricing. Really can't recommend them enough.

Nachteile:

I really don't have any cons. I haven't had a single complaint about their system.

LG Satisfaction

Kommentare: I have been using Land Gorilla's platform for approx. 2 1/2 years now, during which time I have seen a lot of progression with systems enhancements. While it provides for most basic day to day business functionality, it still lacks as a true loan servicing/accounting system. It's the greatest strength is the inspection services function. The ease of ordering, the expediency in the turn times, and the efficiency and accuracy of the inspection reports. All aspects of Customer Service in general and response times are excellent! They are very accommodating for the occasional rush requests. It is extremely rare that the inspectors make any errors, and on those occasions, both LG and the inspectors are very prompt in responding and making corrections if/when necessary.

Great customizable and efficient Construction Management System.

Kommentare: Overall Land Gorilla has been such a HUGELY efficient experience for the Construction area of our department. Customer service is also AMAZING from loan loading to current day. [sensitive content hidden] is always very responsive when I have questions and or need extra help with questions I have.

Vorteile:

I like that it encompasses all areas of construction draw management and loan monitoring. There is no need for another program or service provider because it can all be done within Land Gorilla.

Nachteile:

There are certain areas that I would like to be able to customize more. For example, it would be great to be able to change/adjust what is displayed on the Dashboard. I would like to be able to make Draws In Process the main display instead of the Activity box.

Easy to use, intuitive Construction Loan Admin. Software

Kommentare: Our firm has been using Land Gorilla for almost 3 years now in our primarily construction lending-focused company. Our experience has been very positive to-date. We've appreciated their employees openness to feedback as well as the constantly evolving set of tools and functionality available within the software (updates are frequent and substantial). It's flexbile enough to work with our loans which feature relatively non-standard terms (we're a private, short-term Lender), but also has a lot of typical, important features you need to lend on construction projects. However, we use it even for our loans which feature small construction elements or no construction elements at all (to track interest, fees, term maturity, etc.) We intend to keep using the software and are starting to explore some of the other available elements it offers that we hadn't previously used (investor tracking, for instance).

Vorteile:

-Easy to navigate user interface -Frequent and substantial system updates -Friendly, responsive customer service -Integration with their inspection and property reporting options -Software allows for a helpful amount of customization / malleability

Nachteile:

-Unable to determine why certain exported reporting data weren't the figures we expected