Granite Construction Inspections Now Offers HUD 203(K) Oversight Services
Granite Construction Inspections (GCI), a national inspection firm, now provides HUD 203(k) third-party oversight and servicing to national banks, regional banks and other financial entities.
Denver, Colorado (PRWEB) June 25, 2009 -- Granite Construction Inspections (GCI), a national inspection firm, now provides HUD 203(k) third-party oversight and servicing to national banks, regional banks and other financial entities.
There are many risks with 203(k) rehab lending, including underwriting risks (contractor, scope of work, understanding guidelines) and completion risks (project control, disbursements and statute compliance, among others). Along with pre-loan construction risks, there are post-loan risks such as statutory requirements, mechanics' liens, inspections, change of scope, change orders, project inactivity and variance.
GCI has a national network of more than 4,000 qualified inspectors across the country that act as the eyes and ears of residential and commercial new construction and remodeling to provide the highest standard of service. Lenders and inspectors use GCI's innovative online system to view the current construction status, submit detailed reports, and review inspector photographs of project progress. GCI offers TCL/Bridgelink web connectivity.
GCI's inspectors have expertise in the following types of commercial and residential inspections:
| | - Forensic
- Construction Draw / Progress
- Collections and Default
- Damage Assessment
- Acquisition and Development (A&D)
- Clear-Lot
- Easement / ALTA
- Status / Audit
- Tenant Improvement
- Modular Drop / Delivery
- Title Datedown
- Pre-Start Analysis
- Tenant Improvement
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GCI partners with experienced, professional inspectors to serve numerous national, regional and local banks who need accurate draw inspections with a quick turn-around time. The inspections are quality-controlled and inspector performance is guaranteed.
For more information on quality construction inspections, visit www.gcinspects.com, or call 866-380-9728.
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