Marshall BankFirst takes great care in servicing and providing accurate accounting for every loan participation that we offer. Our
loan servicing team works closely with all divisions of our business to ensure a smooth transition from underwriting and distribution to servicing. This full-service approach allows regionally based lenders to overcome the geographic challenges of incorporating nationwide participation opportunities into their portfolio.
Marshall BankFirst provides up-to-date information and documentation to both borrowers and participants 24 hours a day, seven days a week. We provide this information via our proprietary software solution called Loan-Link.
Loan-Link enables us to offer our clients superior loan servicing capabilities using efficiencies of technology. Bank participants have access to loan specific documents through our password-protected Internet site. The security features built into Loan-Link ensure that only the bank participants holding an interest in the loan have access to loan information. This virtual file room functionality enables participating lenders to enhance productivity and investment management.
Construction Draws
Construction loans are necessary in the course of any construction project, but they are extremely technical and require well-coordinated oversight. Marshall BankFirst has a dedicated team charged with managing all aspects of a construction loan. After a loan closes, we closely monitor construction draw requests from the borrower. In most cases, before any funds are forwarded, our inspecting engineers make a site visit to ensure the project is on schedule, on budget and is following the intended design. The draw request is approved only after the inspecting engineer is satisfied with the project’s status. We then communicate with participant banks and coordinate the draw funding. Throughout the loan servicing process we work to ensure accurate draw distribution as well as complete collection of funds.