FAQ
1. What sets Cocamar apart from the competition?
2. Do I have to use all of Cocamar services?
3. Why would I want to use Cocamar rather than processing constructions loans in-house?
4. Why would I want to enter the construction lending market space?
5. How does Cocamar create greater efficiency and cost savings for its clients?
6. How many inspections are performed per project?
Q What sets Cocamar apart from the competition?
A Cocamar is the only loan management company in the nation that offers construction origination fulfillment and draw administration/fund control services under one roof. All of our competitors offer draw administration services and leave the originations fulfillment activities to their clients. Cocamar is the only company that offers the construction industry a complete end-to-end solution.
A Cocamar also provides a more comprehensive offering of services than most of our competition. Cocamar's services include a full compliment of inspection services, valuation services and special asset services.
Q Do I have to use all of Cocamar services?
A Clients can use all or some of the services that we offer; you select the services that fit your needs.
Q Why would I want to use Cocamar rather than processing constructions loans in-house?
A Many lenders are not equipped with the resources or budget to handle a scalable volume of construction loans. In many cases, lenders do not have in-house staff with experience or expertise in managing these types of loans or have divested themselves of those resources given the current market environment. By partnering with Cocamar lenders can increase their loan volume and create a flexible cost model by having Cocamar manage all or some of the fulfillment and fund control functions.
Q Why would I want to enter the construction lending market space?
A Developing your own construction lending program will enable you to acquire additional business, expand your share of existing customer’s business and increase your profitability.
Q How does Cocamar create greater efficiency and cost savings for its clients?
A By partnering with Cocamar, residential and commercial construction lenders attain a higher level of efficiency by streamlining often fragmented processes and converting fixed loan administration costs into variable costs. Cocamar supports all end-to-end construction lending functions, enabling our clients to utilize a flexible staffing and administration model, engaging Cocamar experts for any or all construction loan activities. We collaborate with you, leveraging our experience and proprietary technology to help maintain a quality loan portfolio, strengthen weaknesses, build long-term portfolio stability and increase profits.
Q How many inspections are performed per project?
A Cocamar recommends inspections be performed at each disbursement of funds. However, this decision is made by our clients.