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Olympia Federal Savings Adopts Built Technologies, Expands Construction Lending

Posted by Built Team on Jun 26, 2018 11:25:13 AM

The top 1% rated portfolio lender leads with commitment to quality and borrower experience through technology.

Olympia, WA Nashville, TN, -- JUNE 2018 -- Olympia Federal Savings has chosen Built Technologies to bring their construction loan administration to the digital age. Oly Fed is known for providing modern online banking and innovative lending programs, and is migrating their manual construction loan process to Built’s online platform for real-time collaboration, faster disbursements, risk mitigation and more efficient processing.

Oly Fed customers can apply for construction loans online and monitor the project inspection and draw process with a digital, consistent experience. They can request draws easily, schedule inspections with a few clicks, and see the key performance metrics of their loan with intelligent reporting. The technology is a win-win for customers and Oly Fed staff, since it also dramatically reduces the manual labor involved in traditional construction loan administration.

“The transition to a digital construction lending experience gives us the ability to provide even more customers with personal service,” said Richard Pitts, EVP, Chief Lending Officer of Oly Fed. “There is increased demand for these loans and modern financial technology gives us the ability to serve our community even better than before.”

“We’re excited to welcome Olympia Federal Savings”, said Chase Gilbert, CEO of Built. “With their 110-year history and status as a leading portfolio lender, it’s a great compliment to be chosen as part of their customer service mission.”

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Topics: Construction Lending, FinTech, Digital Draw Management

Built is an enterprise technology company focused on making construction lending simple and safe. Built's web-based collaboration software brings the draw management process online and helps reduce construction loan risk, increase loan profitability, transform the borrower experience, and simplify compliance. Built serves small, regional and national lenders coast-to-coast.

To find out more visit www.getbuilt.com, join Built Technologies on LinkedIn or follow Built on Twitter at @BuiltTechnology.

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