Send reserves email for construction loans, update status
Send reserves email for construction loans, update status
Your reserves status on construction loans can leave borrowers without inspection instructions, stalling draw requests. You ensure borrowers get instructions and loan status updates ahead of closing.
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Overview
When reserves status changes, borrowers need timely inspection guidance or draw requests stall; this flow either delivers the borrower-facing email or alerts the assigned AE so the issue is fixed before closing. The result is fewer inspection delays and same-day status updates so draws stay on schedule.