ISGN Corp., a provider of technology solutions and services to the U.S. mortgage industry, announced Trinity Inspection Services LLC has integrated with ISGN’s TCL product, providing construction lending Web-inspection services that streamline the lending process, eliminate duplicate data entry and provide significant enhancements for residential and commercial construction lending.
Trinity is a national provider of inspections, property preservation, consulting services and valuation analysis for residential, commercial and business properties.
ISGN’s TCL construction loan platform can now simplify and automate the management of all residential and commercial loans within one configurable system. TCL provides a comprehensive, real-time view of loan portfolios and day-to-day operations including disbursements, budgets, property inspections and document tracking, which reduces data error and duplication.
Through this integration, TCL users now have access to Trinity’s Web-inspection services. Trinity’s portfolio of construction lending services allows construction lenders to focus on their core business of selling and originating construction loans while leaving their back-office functions to Trinity. In addition to Web inspections, their services include builder registration, appraisal, collateral review, project costing, budget evaluation, draw inspection, date down, permit verification, appraisal completion certificate, troubled asset management and builder replacement assessment.
“The addition of Trinity Inspection Services is an integral part of the expansion of our TCL Web Inspection Network,” said Paul Imura, chief marketing officer of ISGN. “This new partnership will advance our mutual goal of ensuring that the back-office processes of construction loan servicing become more effective and efficient.”
Construction lenders that leverage TCL will have control of the end-to-end management of the loan lifecycle, providing the flexibility they need to increase their loan portfolio without adding to overhead costs. Through TCL, lenders will now have control over the draw process for validation of overline conditions, missing/expired documents and past-due interest. Additionally, TCL can offer alternative financing programs, process and administer competitive and flexible programs for loans and track borrower relationships and complex lines of credit.