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Dixieline ProBuild's Fund Control helps builders manage flow of money

Dixieline Builders Fund Control-ProBuild has been successfully serving the builders and construction lenders of Southern California since its creation in 1965 by Dixieline Lumber Co. founder Bill Cowling. Fund Control serves as an escrow funding operation for builders, homeowners and lenders.

Contractors and owners look to Fund Control to disburse lender funds through the duration of a project and along the way, provide accurate cost accounting and record keeping. Fund Control will also handle funds for a homeowner undergoing a large remodel, custom home or tenant improvement. Because Fund Control serves as a neutral third party in these typically large transactions, it can effectively assist the builder, lender and homeowner in managing the flow of money to all respective parties. In fact, it has managed the disbursement of more than $1 billion in each of the past three years.

J. Curt Freeman

Cathy Osberg, president of Dixieline Builders Fund Control-ProBuild, would like to welcome J. Curt Freeman to her Fund Control team. Over the past 40 years, Freeman has worked throughout the development, construction and financial services community. Freeman most recently was the chief construction administration officer and senior vice president of Commercial Capital Bank/Washington Mutual Bank. He also has experience as a senior asset manager and chief credit officer. Freeman is charged with developing products and services to nationally grow Fund Control's core business, and due to his influence within the financial community, additional opportunities will follow.

Freeman has already expanded Fund Control's core services by developing Construction Progress Inspections, which determine the percentage complete and the appropriateness of construction disbursements; Construction Cost Validation, which confirms the cost accuracy and sufficiency of construction budgets; Completion Cost Analysis, which provides a completion cost estimate for projects with cost overruns or impairments; Loan Portfolio Inspections, which provides quantifying specific property condition reports for a bank's loan portfolio; and Real Estate Owned Inspections, which determines the cost to bring an REO property back to the market. All of these new services are designed to assist Fund Control's financial institutional customers in these challenging times.

Submitted by Dixieline ProBuild

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