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Presidium Solutions
Presidium Solutions is a web-based Construction Inspection Management Software that offers products and services to the banking industry. It specifically targets the protection of its clients throughout the construction inspection and draw management process. Presidium Solutions allows its users to have consistency and security through the implementation of standards for inspections and inspectors. It is not a Loan Administration Software. There is no need to integrate the product into a bank’s internal systems. It can be accessed anytime, anywhere with a click of the mouse. As a result, Presidium Solutions can assists any bank in becoming more efficient, help expand their oversight capabilities and ultimately better serve their borrowers.
Since Presidium Solutions is a web-based program, inspection reports can be generated and submitted right from the construction site. This real time reporting speeds up the funding process, which ultimately means an increase in interest income for the bank. In addition, all loan documents, reports, lien waivers, schedules, pictures, contracts and more are uploaded to each job file. This creates one central location for all information pertaining to a banks entire portfolio. Loan officers and administrators can utilize this feature and increase employee productivity.
Presidium Solutions can be implemented even before a loan has closed. With its in-depth and standardized front end Plan and Cost Review, it helps provide analysis and foresight for the bank. Potential points of failure and the ability to identify risk mitigation before it escalates are oversight capabilities which give a bank an industry advantage. The ongoing draw request reports are so detailed it forces the inspection firm to be thorough on their inspections. Completion verification, lien waiver tracking, change order monitoring and construction schedules are just a few of the areas that are standardized and essential to every draw report. This eliminates the “drive by” inspections and increases the amount of oversight and accountability for the entire life of the project.
Presidium Solutions can assist banks in producing well organized, quickly funded construction loans with standardized procedures in place to increase oversight and identify potential points of failure. Only authorized bank employees are granted access to the real time information pertaining to the projects.
Presidium Solutions
www.presidiumsolutions.com