THE ISBS GROUP is mindful of this environment and the requirements of the new law AB 620. THE ISBS GROUP has created a powerful disbursement processing and loan monitoring system called Disbursement Online Control System ™. Disbursement Online Control System ™ will provide its users an interactive way to manage construction loans. With its simple commands and extensive suite of options users are able to control the flow of information in an efficient and cost effective manner. Disbursement Online Control System ™, a web based product, means greater flexibility and convenience for its users. Lenders, Borrowers, Contractors and Inspectors will be able to process and view construction loan fund line items and related report information, all in real time.

Also included within Disbursement Online Control System ™ is an advanced telephony system that incorporates a sophisticated voice recognition feature that will allow users to obtain critical loan information as well as allow inspectors to communicate crucial construction information from the field to the all users. Disbursement Online Control System ™ will now provide users a cost effective solution in the administration of construction loans. Users will be able to control the submission of payment information and the monitoring of the budget and source of funds.

By using Disbursement Online Control System ™ projects will be better managed and more efficiently run. The THE ISBS GROUP website will be able to handle the processing and transaction of thousands of requests, simultaneously 24 hours a day, taking only minutes to process. Currently a typical construction draw can take up to 48 hours to process from the time the information is received and the site inspection has been completed.

Benefit One – Easier Processing of Building Draws

The process of submitting building loan draws would be greatly improved. Builders would be able to set up and control the allocation of line item funds. Contractors can track online the activity of their subs and or vendors. Disbursement Online Control System ™’s unique online help and navigation feature will better assist the builder throughout the entire process.

Benefit Two – Faster Processing of Requests

The process of submitting draw requests would occur in minutes versus hours and in some cases days. Through Disbursement Online Control System ’s™ online processing system, contractors will be able to instantly submit critical job invoices to the Lender without the worry of jammed Fax transmissions or mail delays..

Benefit Three – Lower Operating Costs

By integrating functions and eliminating redundant steps builders will be able to realize tangible savings in overall operating expenses.

Benefit Four – Better Project Control

Users will be able to retrieve information in a faster and more accurate manner with historical information available online with extensive detail. This would include project request and line item adjustment information.

Inspector Benefits

Benefit One – Easy interface

Construction field data can be easily transmitted through a wireless platform.

Benefit Two – Superior Schedule Routing

Inspectors will be able to route project address information through a GIS mapping system.

Benefit Three – Marketing Source

Inspection companies will be able to develop a pipeline of referrals through the THE ISBS GROUP website.

Benefit One – Increased Time Efficiency

Developers can efficiently request loan draws through the internet with an average processing time of under 5 minutes. This can be accomplished 24/7 and in the comfort of their living room. In addition information can be obtained and processed on the road through a touch tone telephone.utilizing the company’s unique voice recognition system.

Benefit Two – Lower cost of operation

Because Disbursement Online Control System ™ is paperless and web driven users can accomplish more tasks in less time. In simple terms the work of 3 people can be done by a single user. Office overhead and operating expenses would be drastically reduced through a paperless system. Users will be able to directly input multiple requests and retrieve information from multiple sources.

Benefit Three – Better Control

Better oversight and control of the actions of the contractor. The owner can more accurately track the performance of the contractor. For example, an owner can see first hand the status of the construction. This would include the schedule and permit sign off. Of course the story doesn’t end there. The owner would be immediately notified when a request is made and when a budget adjustment is requested by the builder. All of this translates in stronger control and lower risk.

Lender Benefits Benefit One – Better Financial Accountability Lenders will be able to successfully administer and process loan transactions from a single source. With the interactive nature of Disbursement Online Control System ™, a wide range of specialized financial reports can be generated. These reports can show a historical map of a project. This would allow a moirй efficient project audit process, Benefit Two – Stronger Management Reporting Management can accurately track a single project or entire loan portfolio all on one screen. Disbursement Online Control System ™.incorporates a unique navigation and filtering system that enables users to zero in on project critical information with a minimal amount of keystrokes. Benefit Three – Strong Project Controls Management will be able to better control the project by more effectively managing risk. All project information is at the fingertips of the loan officer. A lender will be able to precisely obtain field, schedule and general accounting information throughout the course of the loan. There are many other facets of Disbursement Online Control System ™ that will assist the Lender throughout this process Benefit Four – Improved Customer Service Lenders can offer additional services to a wider customer base. Disbursement Online Control System ™ will allow smooth integration with a lenders corporate website allowing a seamless interface for customers of the Bank. Users independent of the Lender can obtain information on their loan. This could all be accomplished after normal banking hours.

Disbursement Online Control System
(ONLINE DISBURSEMENT CONTROL)



THE ISBS GROUP mindful of the current environment has created a powerful construction loan disbursement tool called Disbursement Online Control System ™ which is a comprehensive loan underwriting and disbursement monitoring system. Disbursement Online Control System ™ provides its users a state of the art approach in the management of construction funds.

Through its extensive commands, users are able to control the flow of information and ultimately risk. Disbursement Online Control System ™ a web based product which means greater flexibility and convenience for its users. Lenders, Borrowers, Contractors and Inspectors will be able to process and view construction loan funds line items and related report information, all in real time.

The THE ISBS GROUP Disbursement Online Control System ™ system brings together people, process and technology, internally and across the vertical industry lines in a five level strategy that can take any organization involved in the processing and administration of construction project and loan requests from basic one dimensional linear approach to a relational dimensional approach with the end result of revenue enhanced and expenses controlled. Below is a step by step process of how Disbursement Online Control System ™ work.

LIS (LINE ITEMS SETUP APPLICATION)

Our external application LIS 1.1 to setup project’s Line Items direct from your desktop. LIS 1.1 (Line Items Setup Application) allows you to work offline, fast and effectively, will publish all your project Line Items directly into Disbursement Online Control System System with just a press of a button. You will be able to save the file your are working on to complete or review in a later time. Allow you to work in different project at the same time, with a intuitive and user friendly interface.

LIS 1.1 provide an useful way to work and publish Line Items Projects Setup to Disbursement Online Control System system without a permanent online connection. Builders, Lenders, Administrators and Borrowers can now work offline on the Project Line Item's and publish it later.

Once you install LIS 1.1 you will be able to insert directly on Disbursement Online Control System (Disbursement Online Control) your Projects Line working from you desktop computer. Using sheets, will browse all 16 division, choosing by division the total numbers of line Items you required, LIS will allow you set your original allocation as an optional data.

Features a searchable database by Line Item code or name, as well as term sheet search features users will interact rapidly and effectible with LIS.
Users will be able to save Line Items Setup Files with “.lis” extension on you PC, containing all Line Items information, for review, completion and futures templates.