Risk Mitigation Overview
Only The Granite™ Risk Mitigation System features a system of checks and balances that controls risk for lenders without compromising profit potential.
Our core objective is to manage our clients’ construction projects while improving program profitability, enabling them to do what they do best–originate! As the industry-leading expert for risk mitigation, we accomplish our core objective through unique processes. These processes are specifically customized for the construction industry and combined with our extensive knowledge of state-by-state mechanics’ lien laws, best practices approach, and customer service excellence.
The Granite™ Risk Mitigation System offers a proven and time-tested system with seven key components. Each component includes scalable best practices, which mitigate a Lender’s risk through every phase of construction, from project design through completion.
- Contractor Acceptance and National Tracking
- Project Review and Recommendation
- National Inspection Services
- Statutory Compliance (Mechanics’ Lien Law)
- Funds Administration Management
- Roll-Over to Permanent (Final Disbursement Documentation)
- Reporting and Reconciliation
Services can be selected a la carte or bundled to meet your specific needs. Granite Companies also provides consulting, quality control, and portfolio-audit services for lenders. We have the ability to manage your existing portfolio or assist you with building and managing a new profit center. In addition to our full suite of services, we provide client-facing technology delivering online access to project details, 24 hours a day and 7 days a week. Online access provides you with:
- Project At-a-Glance
- Draw Status Overview (Disbursement Updates)
- Inspection Reports and Photos