Land Gorilla, a construction loan management software provider, announced was named a Premier Partner of the American Bankers Association (ABA) in recognition of its long-term commitment to the banking industry, according to a company press release.
Land Gorilla’s selection as a Premier Partner underscores its position as a trusted and innovative leader in the financial technology space. The company’s platform was designed to help banks accelerate construction lending by automating draw administration and other processes to improve efficiency, reduce risk and boost portfolio growth.
“We’re pleased to welcome Land Gorilla as an ABA Premier Partner,” ABA Executive Vice President, Member Experience Russell Davis said in the release. “While construction and renovation lending are increasingly important growth areas for many banks, they can also be complex to manage. Land Gorilla’s expertise in simplifying construction loan management will provide our members with valuable tools and perspective to serve their customers more efficiently and confidently.”
As a Premier Partner, Land Gorilla will collaborate with ABA on educational content, industry events and other initiatives to help banks understand and mitigate the unique risks and inefficiencies inherent in construction lending and leverage technology to enhance their lending operations.
“Becoming a Premier Partner with ABA is an incredible honor and reflects our vision of making construction lending safe, fast and profitable,” Land Gorilla CEO Sean Faries said in the release. “We look forward to working with ABA to equip more bankers with the technology and resources they need to navigate the complexities of construction lending with ease and grow their portfolios.”
The partnership will also provide ABA members with access to Land Gorilla’s platform, which includes automated workflows for draw administration, intelligent document processing, a white-labeled customer portal, integrated inspection tools, robust reporting, APIs and advanced lien waiver management. These tools are all intended to ensure proper fund allocation and compliance, according to the release.