E-Loan, an online consumer-direct lender based in Pleasanton, Calif., has introduced BuilderFocus, a program that it says provides homebuilders a streamlined and flexible loan process from application to funding.The program allows homebuilders to work with dedicated account managers and provides noncommissioned loan consultants, guaranteed on-time closings, and verified pre-approvals, E-Loan said. In addition, BuilderFocus offers competitive rates and extended lock programs with a one-time, 30-day "float down," as well as a promise of no lender fees and no hidden costs, the company said. More information on the program can be found online at http://www.eloan.com/builderfocus.
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