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.
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.
February 28, 2017 NASHVILLE -- Built Technologies announced today two additions to the executive team. Stacey Bright joins as VP of Marketing and Brandon Jarnigan is now VP of Finance. Built's secure collaboration and administration software is used by lenders, builders, borrowers, and inspectors to streamline construction lending.
January 18, 2017 NASHVILLE -- Built Technologies today announced the addition of Sarah Kaczanowski as Business Development Director for construction lenders and their clients in the Western United States. Built’s web-based and mobile software is used by lenders, builders, borrowers and inspectors to bring construction loan administration online to reduce risk, ensure compliance and grow their businesses.
Construction loans are poised to expand, but it's a segment many mortgage lenders are still unsure about. The latest issue of Tomorrow's Mortgage Executive featured an interview with Built CEO, Chase Gilbert, on how to reduce risks, get a competitive advantage and attract and retain the best borrowers.
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