When introducing a new software solution to the workplace, providing plenty of resources, training opportunities, and ongoing help to employees is paramount to a successful transition. Staff training will ensure employees feel engaged and included in the process and implementation of new software. Training will also help you fully realize the software's capabilities, and employee input during training will shed light on a plethora of unique scenarios and applications of the new system. Before implementing new software, be sure you have a well-planned training strategy in place.
If introduced to employees in the wrong way, change in the workplace forces employees into a grieving process in which they must learn to let go of their old ways to accept new processes. As it does in personal life, grief in the workplace also comes complete with five stages including denial, anger, bargaining, depression, and acceptance.
The workplace grieving process can be mitigated somewhat by including employees in the conversations which take place around an impending change throughout the process leading up to a decision. Change, however, is difficult for everyone, and the grieving process cannot be completely avoided. If you plan to implement a change, such as new software, to your company, learn to recognize the stages of grief in your staff and take these steps to usher them through the process.
The Digital Lending + Investing Conference, hosted by SourceMedia, brings together the brightest minds in lending, loan investing and fintech to discuss what's next in the consumer finance industry.
Yes, in our digitally connected age, most of your borrowers will be technologically savvy and aware of the dangers online communications pose in potentially putting their personal information at risk. Some of your borrowers, however, still might not be aware of these risks and how to mitigate them, or might not be aware of which types of information should be considered sensitive. Whether they know it or not, can you guarantee your clients' security throughout the construction loan process?
In 2014 we set out to help banks and other lenders improve the way construction lending works with technology. After first-hand experience with the frustrations of managing residential, commercial, and land development construction loans, we knew that modern technology had to be introduced to improve this complex area of lending.
One of the most common themes in any conversation with a lender is that they’re in a unique situation. Their state has special requirements up and down the line (MO, IL, WI raise your hands). They have a customized process that’s been refined over the years.
What differentiates one construction lender from another? In this highly competitive industry, borrowers and builders have plenty of options. Many are taught to look for differences in costs – but rates remain fairly standard from one lender to the next. What makes the difference is the ease of access and overall quality of customer service one lender can offer over the other.
Topics: Construction Lending
One thing that struck me initially as I began my time with Built is this: Everyone on our team, top to bottom, is devoted to helping to ease our clients’ pain. A lot of companies talk about helping their clients -- it’s in their mission statements or employee handbooks -- without actually walking the walk. But day in and day out, I see the people here working with that singular focus.
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.