MReport April 2018

TheMReport — News and strategies for the evolving mortgage marketplace.

Issue link:

Contents of this Issue


Page 49 of 67

48 | TH E M R EP O RT SPECIAL ADVERTISING SECTION Land GoriLLa Sean Faries CEO Shannon Faries Director of Risk Management Sebastian Costa CTO Rudy Marquez COO of Construction Loan Management Bill Berthelette Sales Operations Manager STAFFING 48 Employees CONTACT INFORMATION 1241 Johnson Ave., 154 San Luis Obispo, CA 93401 Phone: 855.887.3800 Email: Web: CORPORATE PROFILE Land Gorilla has changed the way construction loans are managed by making the construction lending process simple, safe and 400 percent more efficient. Trusted by top banks, credit unions, and mortgage banks, Land Gorilla's Construction Loan Manager platform allows lenders to reduce costs, easily scale, manage risk, and provide a best-in-class experience to project stakeholders. COMPANY HISTORY Before Land Gorilla's launch in 2010, there was no available technology that brought construction lending and oversight into a single management platform. Lenders' portfolios were created from seemingly countless spreadsheets prone to formula errors, lack- ing aggregated reportable data, and requiring timely manual entry—all of which hampered their ability to mitigate risk. When disaster struck in 2007 and regula- tions subsequently tightened on a then-struggling industry, lenders were reluctant to make forward prog- ress, as lending for new construction was too risky. Around this time, the concept of cloud computing was beginning to take off in the information technology sector. It was in this environment that Land Gorilla developed a solution to encourage lenders to confidently return and break down barriers facing financial institutions by making it easier to collaborate and manage loans via the cloud. BUSINESS LINES, SERVICES, AND PRODUCTS Construction Loan Manager: The complete construction loan management platform empowers lenders to successfully manage every construction loan file from start to finish. The Construction Loan Manager offers essential draw management, servicing functionality, and compliance tools to manage a lender's construction loan portfolio. BENEFITS/FEATURES Efficiency: Lenders who could manage only 40 loans on a spreadsheet can handle more than 200 via Land Gorilla's platform. Control: Lenders can proactively manage every aspect of their loan pipeline with automated alerts, tasks, and project summary. Visibility: Lenders and investors have 100 percent insight into the performance of their projects in a single pipeline view and robust reporting. Additional Benefits include: • Draw management • Interest-only loan servicing • API for client direct integrations • Encompass integration with enhanced features • Borrower and contractor user experiences • Payment interface • Accounting interface for accounting integrations • Contractor performance tracking • 1099 and1098 reporting • Warehouse, bank, and investor UX • State requirement monitoring • Construction loan management best practices • Meets all conventional and government program requirements • Compliance toolkit and risk monitoring • Integrated inspection services • Permission-based controls • Program performance analytics and reporting COMPETITIVE ADVANTAGE Technology pioneers: Land Gorilla is the first cloud-based construction loan management platform available on the market. Construction experts: Land Gorilla's technology is backed by experts with over 150 combined years of construction lending experience. Risk mitigation: The Construction Loan Manager eliminates the reliance on error-prone spreadsheets and risky manual processes, empowering lenders to safely manage and proactively scale their construction loan activity by 400 percent while reducing costs and improving visibility of potential risk. Trust: Nine of the top 10 construction lenders by loan volume have adopted Land Gorilla solutions; 11,000 inspection companies connect to Land Gorilla; 459 company accounts for lenders; 21,592 construction loans; 18,000 builder/contractors. ADDED VALUE TO CLIENTS Integrated services: Connecting lenders to a network of 11,000 inspection companies. Construction Complete: A high-touch service that takes the lender, borrower, and builder from application through project completion. Consulting: Consulting and training services to help lenders accelerate new construction loan programs. KEYS TO YOUR SUCCESS Innovation and empowering our customers to be better lenders. INDUSTRY AWARDS, ACCOLADES, AND MILESTONES • 2016 - Ranked #230 on Inc. 500 list • 2017 - Ranked #551 on Inc. 5000 list • 2017 Tech100 • 2017 Rising Stars • 2018 MBA Tech All-Star

Articles in this issue

Links on this page

Archives of this issue

view archives of TheMReport - MReport April 2018