Once lender has given preliminary approval of loan, a completed opening form is faxed to 916-244-7068 with items listed on opening form. CIS will underwrite project while lender completes underwriting the loan.

CIS and lender will establish flow of funds for construction payments. CIS is an administrative fund control processing agent for Fidelity Title. See below.

CIS will fax lender the opening information with a file # and provide a user name and password (upon opening of first file) to view inspection reports and photos online as work progresses. All inspection reports will be maintained online for up to three (3) years for viewing by auditors or investors.

CIS will review all the documentation submitted to perform a Project Feasibility. Please note - CIS charges a minimum fee of $150 for any cancellations or loans rejected after the Project Feasibility has been completed.

Project Feasibility Study with recommendations will be emailed or faxed to lender with approved budget and fund control disbursement agreement.

Step 6

Disbursement agreement is executed by lender or title at loan closing.

Lender faxes executed disbursement agreement to CIS.

Upon notification of loan closing CIS will send PayVoucher© payment package to contractor or owner/builder instructing them on process.

As payments are requested (set up on weekly or bi-monthly schedule) lender receives an authorization form with a report of all payments being made and percentages of work completed. Labor and material suppliers are paid directly or reimbursed with copy of an unconditional release and invoice.

Authorization form is sent to lender and executed by an authorized individual with lender, faxed to CIS and payments are distributed as listed on report.

• Lender can view inspection reports and photos online.
• All releases, invoices and other documentation are maintained on file with CIS.