Granite Loan Management, as a construction risk mitigation company, manages construction-lending portfolios for financial institutions on a national, regional, or local basis. GLM's construction management system enables a financial institution to enter one of the fastest growing segments of residential lending. In effect, GLM becomes the construction operations center eliminating the need for the financial institution to develop an expensive infrastructure.
GLM was formed in 1993 with an original focus of assisting financial institutions with distressed collateral. Relying on GLM's consulting experience, the Granite Loan Management Risk Mitigation System™ was developed and implemented. The Risk Mitigation System™ is designed to reduce or eliminate the additional elements of construction risk such as budget shortfalls, contractor inexperience, change orders, and inspector performance. The Risk Mitigation System™ is comprised of seven key components including: – less–ZoomInfo