Real Estate Construction Loans A-Z: Consumer & Commercial Challenges & Common Errors
Construction loans are in a category of their own. They are not like ordinary real estate lending. Creating successful construction loans requires an in-depth understanding of the unique complexities, including lien perfection, disbursement procedures, change orders, cost overruns, and more. Ensure your lending process is complete and compliant with this A-Z webinar.
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
- Understand the mandatory special construction loan documentation and why it is required
- Properly create and perfect liens in real and personal property during the construction process
- Address problems involving the general contractor and materialmen
- Handle loan disbursement procedures and construction monitoring
- Explain how to deal with change orders and cost overruns
WEBINAR DETAILS
Real estate construction is perhaps the most complicated type of loan and certainly one of the riskiest. Construction lending requires knowledge of unique lending processes and the ability to manage them. It is a trap for the unwary who think construction lending is simply making a real estate loan. This webinar will explain the construction lending function from start to finish. It will address both consumer and commercial construction loans along with common challenges and errors. (It will not address the Real Estate Settlement Procedures Act.)
WHO SHOULD ATTEND?
This informative session is designed for staff involved in construction loans, including loan officers, loan operations personnel, compliance staff, attorneys, auditors, and managers.
