Calyx Software, a leading provider of comprehensive mortgage software solutions for banks, credit unions, mortgage bankers, wholesale and correspondent lenders and brokers, announced today that Path, its cloud-based mortgage loan origination software (LOS), has been integrated with Land Gorilla, the leading construction loan management software provider.
With the integration, Path clients can access Land Gorilla’s Construction Loan Manager to manage and streamline the digital draw process, loan servicing and payment transactions, according to a press release. The Construction Loan Manager also provides Path clients visibility into portfolio risk, loan performance and compliance tools — mitigating the risks associated with post-closing draw management.
“Today, everyone involved in the construction loan process wants a digital experience,” Land Gorilla CEO Sean Faries said in the release. “That is why we’re excited to partner with an innovative LOS like Path. Our integration provides lenders and project stakeholders with a fully digital and seamless experience. For example, lenders can now deliver a customer-centric experience that will allow borrowers and their builders to manage critical tasks associated with their project, such as draw requests, change orders, budget balances, electronic signature processes, lien controls, inspection requests and document management.”
“Land Gorilla has become the leader in construction loan management software because it brings simplicity, speed and transparency to the construction loan process,” Calyx Software Executive Vice President of Business Development Bob Dougherty said. “Our integration with Land Gorilla will help lenders that offer construction loans gain efficiency, reduce risk, and ultimately become more successful and profitable.”