Granite Loan Management (GLM) Launches Enhanced Construction Management Program

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) July 12, 2005 -- FOR IMMEDIATE RELEASE - Granite Loan Management Fund Control (GLM)

Granite Loan Management (GLM) is a national construction risk mitigation company who will help you build a new Construction Lending Profit Center or enhance your existing construction lending business.

GLM's fund control management ensures:

* The contractor doesn't get ahead of the financial institution when comparing the percentage of funds disbursed to the actual work in place, i.e., budget management.

* The project is progressing in a timely fashion and is completed within budget.

* All subcontractors and suppliers are paid.



Granite Loan Management knows that the risks associated with the construction lending business can be as great as its profits. As the national expert in the management of construction lending risks, GLM has unique insight and processes in place to head off problems before they start. The Granite Loan Management Risk Mitigation System is a comprehensive system comprised of seven key areas with standards developed in each area that effectively mitigates your risk.

Only Granite Loan Management's Risk Mitigation System lets you select the services that best fit your needs, so you can do what you do best - originate.

National Fund Control Management: GLM reconciles and accounts for all draw activity on its proprietary construction lending software system, based on the contractor's approved budget. Our system offers you immediate access to your construction loan account - 24 hours a day. We manage this labor-intensive disbursement process for you so that you can focus on originating. GLM provides:

1. A state specific draw disbursement package to each contractor and/or borrower.

2. A system of checks and balances that ensures the contractor doesn't get ahead of you.
3. Gathering and review of all support documentation, including the inspection.
4. GLM will make a recommendation regarding a draw request. Your only responsibility is to disburse funds to the borrower and/or contractor.
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More information can be found online at http://www.fund-control.com/