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.

Makes construction seamless

Vorteile:

Land Gorilla does an amazing job at managing the daily ins and outs of construction lending. Making my job as a construction lender flow smoothly.

Nachteile:

Nothing- all needs have been met sufficiently.

LG Review

Vorteile:

The capability for reporting and the ease in portfolio management.

Nachteile:

The time to receive new reports. Originally missing some functionality that we were used to form other systems but they were quick to make adjustments for us.