October 17, 2017 Nashville, TN, Sumner, WA -- Built Technologies today announced a new integration with NorthWest Construction Control, Inc. (NWCC), a national leader in construction draw inspection services. Built's software reduces construction loan risk and provides best-in-class client experience by connecting lenders, borrowers, builders, and draw inspectors throughout the construction loan administration process.
Nashville, TN — October 10th, 2017 – Built, a leading provider of construction lending software, announced the addition of three new team members in development and client support. Built’s web-based and mobile software application connects all parties involved in the administration of a construction loan, including construction lenders, builders, borrowers and inspectors.
Nashville, TN, San Diego, CA – September 26, 2017 – Built was named to The Mortgage Collaborative’s Preferred Partner Network, providing solutions for digital draw management and collaboration software for the network’s lenders active in construction lending.
The Mortgage Collaborative represents 115 of the nation’s mortgage lenders with aggregate annual origination volume of over $190 billion. With Built, members of The Mortgage Collaborative will simplify construction loan administration with real-time transparency and faster access to draws. With a completely digital process, lender members will be able to use the data for proactive risk management and portfolio insights.
“Our strategic partnership with The Mortgage Collaborative is an important step in our mission to change the way the world gets built,” said Chase Gilbert, president of Built. “Lender members using Built have a streamlined experience for borrowers, builders and internal staff and the transparency to power their efficient operations while reducing risk.”
“Our mission at The Mortgage Collaborative is to empower our lender members across the country with better financial execution, reduced costs, enhanced expertise and improved compliance,” said Rich Swerbinsky, Chief Operating Officer for The Mortgage Collaborative. “We’re proud to bring Built to the Preferred Partner Network to give our construction lending members a distinct advantage in the growing construction loan market.”
About The Mortgage Collaborative
Based in San Diego, The Mortgage Collaborative was founded in 2013 to empower mortgage lenders across the country with better financial execution, reduced costs, enhanced expertise, improved compliance, and to help its members access the dynamic and changing consumer base in America. The association is managed by its founding members: John Robbins, CMB; David Kittle, CMB; Gary Acosta, CEO of the National Association of Hispanic Real Estate Professionals (NAHREP); and Jim Park, former chair of the Asian Real Estate Association of America (AREAA). Robbins and Kittle are former chairmen of the Mortgage Bankers Association of America (MBA).For more information, visit: http://www.mortgagecollaborative.com.
Topics: Construction Lending
Nashville, TN – September 19, 2017 Built, a leading provider of construction lending software, announced that its collaboration and draw management platform is now available through Ellie Mae’s Encompass® all-in-one mortgage management solution. The live integration allows Encompass users to efficiently manage construction loans from preclosing through post-closing via Built’s construction lending automation software.
Nashville, TN, Bryn Mawr, PA —September 12, 2017 – Built Technologies, the leading construction loan administration and draw management platform, announced today that Bryn Mawr Trust Company (”BMT”) has chosen Built’s collaboration platform to digitize construction loan administration, creating efficiency and accessibility for BMT construction clients.
August 29, 2017 NASHVILLE -- Built announced today Matt Pritzel has joined the company as VP of Sales for Western and Midwestern states. Built's collaboration software brings the draw management process online and helps reduce construction loan risk, increases loan profitability, transforms the borrower experience, and simplifies compliance.
With refinances tapering off and less real estate inventory available to your potential loan clients, opportunity in the construction loan market expands every day. In the past, construction lending was seen as extremely risky and time-consuming. With technology and the right strategy, however, you can make construction lending very profitable. The following are the three biggest construction lending myths—busted!
Topics: Construction Lending
Harvard’s Joint Center for Housing Studies released an extensive report on the state of the nation’s housing in 2017. We put the most salient of data points into an infographic for easy digesting and sharing.
The skinny: Ten years after The Great Recession, the national housing market is almost back to normal -- prices are up near previous levels, along with housing demand and construction volumes, while homeowners in distress continues to fall. Things aren’t all rosy, though. Tight supply means affordability concerns for some. What does that tell us? Construction levels need to continue to increase to keep up with demand.
Topics: Construction Lending
The business landscape and how companies interact with their clients is in a constant state of change. Over the last two decades, changes in technology have allowed companies across all industries to become more efficient and effective in how they interact with their clients -- the banking industry is no different. Smartphones and other mobile technology have helped lenders become more connected than ever with their customers.
As this shift has happened, how lending institutions think about their customer relationships has, should, and will continue to evolve as well. The days of relying solely on customer service are behind us, and the era of focusing and investing on the client experience is here. But what’s the difference?