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?
BUILT ANNOUNCES INTEGRATION WITH ELLIE MAE’S ENCOMPASS MORTGAGE MANAGEMENT SOLUTION
Partnership enables lenders to seamlessly manage construction and renovation loans through Built’s collaboration and draw management software
May 23, 2017 -- Dallas, Texas and Nashville, Tennessee -- Trinity Real Estate Solutions today announced valuable enhancements for their new construction and renovation lender clients with the integration to Built Technologies’ web-based construction draw management platform. Lenders working with Trinity and Built are now able to manage the entire draw administration process online from one place and deliver their clients faster draw turnaround times and full transparency in real-time.
Kara Parkey Tapped To Manage Growth Partnerships
Built Technologies, the leading construction loan administration and draw management platform, announced today the promotion of Kara Parkey as Strategic Alliances Manager. Kara will lead Built’s growth initiatives with industry partners to scale the adoption of modern technologies in construction loan administration.
Here at Built, we're extremely proud of the work that we do -- both in our product and customer service. And we've been getting recognized for it lately. But no award will ever mean as much as words of praise coming directly from a customer.
March 07, 2017 – – Westlake Village, CA, and Nashville, TN – – Data Select Systems, Inc. (CLCS) and Built announced an integration between their platforms to further automate and simplify construction lending. The strategic partnership will give construction lenders nationwide significant competitive advantages to grow their business more safely and efficiently while transforming the customer experience they deliver their borrowers and builders.