Nashville, TN, McMinnville, TN – July 31, 2018 – First National Bank of Middle Tennessee (FNBMT) has a new construction lending experience after implementing Built Technologies for loan administration. Built is a national company, also headquartered in Tennessee, that provides a digital platform that simplifies loan management for banks and borrowers.
The top 1% rated portfolio lender leads with commitment to quality and borrower experience through technology.
The traditional construction loan administration process requires loan administrators to manually gather portfolio data from various spreadsheets and paper files when assembling reports. Without digitization, this highly manual and inefficient process can cost credit departments days, or in some cases weeks, of valuable time, and as a result, many financial institutions only review comprehensive portfolio data when deemed completely necessary.
Honored for the second consecutive year with HousingWire’s HW Tech100.
Nashville, TN, -- April 3, 2018 -- Built Technologies was named one of the most innovative technology companies in housing, appearing on the HW Tech100 for the second year in a row. The 2018 HW Tech100 recognizes the leading technology and software companies in the mortgage finance space.
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.
We're excited to announce that Built Technologies has been selected for the 2017 HW TECH100, an award reserved for the top technology companies leading the housing industry. The HW TECH100 is the only list of tech innovation that captures the entire U.S. housing economy, spanning real estate to mortgage lending, servicing, and investments.
Built's President and Co-Founder, Chase Gilbert, was featured in FinXTech Lending on how Fintech Can Improve the Customer Experience in Construction Lending.
We're excited to announce that Built Technologies was just named a finalist for the 2017 Best of FinXTech Awards! The Awards recognize partnerships between financial institutions and fintech firms, and finalists were selected by a judging committee of FinXTech advisors. The FinXTech Awards will be announced on April 26, 2017 during the FinXTech Annual Summit at the Nasdaq MarketSite.
Built Technologies was awarded Growth Stage Company of the Year at Nashville Tech Council’s 8th annual NTC Awards held on January 26th, 2017. Built’s web based and mobile applications are used by construction lenders, builders, borrowers and inspectors to increase profitability, reduce risk, and simplify compliance. The Growth Stage Company award recognizes a start-up or emerging growth company that has shown exceptional growth through technological innovation.
If you're involved in construction lending, you already know the process functions almost the same today as it did 30 years ago. From the largest financial institutions in the world to the smallest local community banks, the origination and management of construction loans currently requires heavy loan administration staffing, duplicative data entry, complex and inconsistent spreadsheets, phone calls, emails, and even faxes. This antiquated nature of managing construction loans creates information disparity between key stakeholders and usually results in all participants operating in the dark.
The principles of transparency, simplicity, speed, reduced risk, reduced cost, and enhanced user experience are being applied to all aspects of financial services