Skip to main content

ISGN Launches New Construction Loan Servicing System
Mar 30, 2015

ISGN Corporation has announced the release of its next-generation construction loan servicing system, LoanMomentum, a comprehensive software system developed specifically for servicing residential and commercial construction loans. It offers a better way to manage the ever-changing data inherent in construction lending, drives maximum efficiency and creates borrower-level insight. A single system that manages construction loan portfolios, LoanMomentum is a streamlined, automated and configurable system, enabling lenders to increase volume without adding to overhead costs.

LoanMomentum simplifies tasks so staff can be more productive. It eliminates redundant and time-consuming data entry with interfaces such as Origination, Lock Box Payment, Check/Wire/ACH and Core Servicing. LoanMomentum also expedites the property inspection process by electronically transmitting all field transactions, including photos, between inspectors and the bank’s platform, which results in faster turn times and reporting. Furthermore, LoanMomentum’s Borrower Portal gives borrowers online access to their loan information, including transaction history, billing history, sources of funds detail and loan budget status. Borrowers can initiate requests for the update of contact information, loan draws, progress inspections, budget change orders and new loan/new starts online, anytime—even on a mobile device.

“U.S. home construction increased 4.4 percent during the final month of 2014, with the annual total the strongest in nearly a decade,” said Paul Imura, CMO and senior executive of ISGN. “This resurgence in new home construction is an ideal opportunity for lenders to either enter the market or increase their existing portfolio, but to capitalize on these tailwinds, lenders must keep pace with increased demand while reducing overhead and maintaining compliance.”

Mar 30, 2015
More from
Redfin Adds Zoning Data For More Than 70M Homes

Real estate brokerage teamed with Zoneomics to educate buyers on zoning implications.

Industry News
Dec 05, 2022
To Post Or Not To Post?

The content is critical for keeping business moving

Nov 30, 2022
VoIP — The Latest Phone Systems For Mortgage Professionals

Is Voice Over Internet Protocol the right choice for you?

Nov 30, 2022
Effective Technologies For 2023

Lenders will need tech that squeezes every ounce of efficiency.

Nov 21, 2022
FirstClose Names New Chief Financial Officer

Hiring of James Bolger further strengthens executive team.

Nov 15, 2022
Snapdocs eVault Helps PRMI Roll Out eNotes In 49 States

PRMI has seen a four-day reduction in dwell time for mortgages closed as eNotes, leading to a savings of more than $250 per loan.

Nov 14, 2022