An Assignment of Construction Contract is an acknowledgment from both the borrower and the builder, and provides the bank with the same authority as the borrower. 

This contract is included with the loan package provided by Loan Doc Prep and is required when: 

• Secured by real estate
• Borrower is not the builder
• Purpose is construction 
• Purpose is improvements/renovations to an existing structure
• Purpose is development
   

If loan documents have been signed via IMM eSign or eSign-Web, document will be automatically transferred to the loan file.

If all documents are wet signed, send to loan servicing in the designated bag.