The Role Of Lender’s Engineer In Developer Loan Approvals – Pallav Saxena, Head : Development Advisory – PDS Jones Lang LaSalle India
A Little-Known But Increasingly Important Function The lender’s engineer (LE) is a representative of lending institutions such as banks and NBFCs. His function is to audit a project from the technical standpoint when a developer seeks funding for it. This is a process which risk/compliance teams have, over time, hard-wired into funding proposals by developers. …