NATIONWIDE SPECIAL ASSETS SERVICES
Let Granite be your third-party advisor and you will gain instant experience in property assessment and management, property preservation, and asset disposition.
Granite offers a full range of special assets services for lenders, mortgage companies and financial institutions, with time-tested services and quality-control procedures.
Granite’s special asset services include:
- Portfolio Due Diligence
- Executive Summary with Recommendation and Rating
- Property Condition Assessment Reports
- National Title Datedowns
- Statutory Compliance / Mechanics’ Lien
- National Permit Search
- Project Workout Services
- Construction Loan Servicing
- Inspections Services including Status Inspections, Forensic Inspections and Cost-to-Complete Inspections
- Project Status and Risk Analysis
- Contractor Replacement and Bid Evaluation
- Construction Completion Management
Granite provides timely and thorough support using innovative web-based technology to assist with the unique challenges of special assets. Our web-based system lets you track job progress in real time. Completely web-based, Granite clients have 24/7 on-line access to each project for status-at-a-glance, disbursement updates, inspection reports and inspection photos.
Whether you are a small client needing assistance with an influx of foreclosed and distressed properties, or a permanent internal department in need of default management services, Granite will help to explore workout options and get your non-performing and distressed assets working for you.
Portfolio Due Diligence Services
Through an initial review of inactivity, variance, maturity and inspection reports, Granite will identify potential problem loans and provide an Executive Summary in order to risk rate each loan. Granite’s web-based ordering platform will confirm recorded liens, mortgages, and building permits and attain copies of support documents for recorded liens and permits in a 72-hour service standard.
Project Status and Risk Analysis
Granite coordinates site inspections for special assets properties to determine project progress. The project information is evaluated and a cost to completion is calculated based on inspector findings and Granite’s proprietary database. Granite will then assign a project risk rating and make a recommendation to finish construction, suspend activity, or remove the existing structure and sell developed land.
Contractor Replacement and Bid Evaluation
Granite assists with the contractor replacement by presenting one or more qualified contractors and bids to the client. Granite completes a comprehensive review of the contractor’s licenses, references, insurances and personal credit reports. Granite also will obtain, review and analyze construction costs to complete bids.
Construction Completion Management
Granite serves as Project Manager to ensure completion of construction project or facilitate sale of the special asset “as is.” During construction, Granite will establish a schedule for status inspections to monitor the contractor’s progress, review and recommend draw requests and perform risk management reporting and tracking.
Submit a Request for Proposal for residential or commercial services.
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