TOPIC: Controls

***Managing Construction Loan Payments***

VP at a bank ($241MUSA)
How do other banks manage customers making principal payments on interest only construction loans?  Do you prepay interest which creates negative interest or do you allow your customers to reduce principal which may impact the permanent loan at conversion?  Do you impose a prepayment penalty?

Any help is appreciated!

    New CBANC member benefit: CBANC Network announces the acquisition of Lendwell

    Pleased to announce a new benefit for the CBANC community.  We've acquired Lendwell, a mortgage settlement services provider used by hundreds of small- and mid-sized FIs. 

    Our acquisition of Lendwell is the next step in our strategy of unlocking the power of cooperation and the collective purchasing power of thousands of financial institutions within the CBANC Network. The Lendwell platform will help our network members reduce the cost of lending operations while improving their ability to serve their customers.

    FIs can expect to save up to two hours of time per mortgage file and 15-20% on services like AVMs, property assessments, flood certifications and many others. Best of all, there's no up front fee for CBANC members, and it'll take about half an hour to get up and running with Lendwell.

    Learn more and start the sign-up process at www.cbancnetwork.com/lendwell