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Secure collaboration software built to streamline construction loan administration.

Spotting Trends in the Construction World

Posted by Andrew Sohr on Jan 16, 2018 7:58:00 AM

One of the most important aspects of my job is keeping up with trends in the industries we’re involved in -- not only lending, but construction, software and technology, as well. And the end of the year brings us a great time to look at what’s coming next, to see what trends we should expect in the coming months.

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Topics: Technology

Why Giving up Excel is Such a Struggle

Posted by Andrew Sohr on Dec 27, 2017 7:56:00 AM

Here at Built, we’re passionate about the work we’re doing. Just watch Chase Gilbert talk about the pains our construction lenders feel on a day-to-day basis and you’ll see how much he cares. And at times we can get a bit extreme. We’ve been known to throw the phrase “Death to spreadsheets” around the office.

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Topics: Construction Lending, Technology

Software Implementation: Commitment to Change is Key

Posted by Built Team on Dec 14, 2017 8:21:00 AM

Your company has brand new software ready for implementation, but surprise, surprise your team has met the change with resistance. Creatures of habit, your human employees cannot help but resist change and all of the hard work that goes with it. When it comes to implementing change successfully, commitment is key. Include the following elements in your implementation strategy to get employees as excited about the new software as you are.

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Topics: Technology

Maximize Return on Investment with a Software Training Strategy

Posted by Built Team on Dec 13, 2017 11:05:00 AM

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.

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Topics: Technology

Change in the Workplace: Conquer the Employee Grieving Process in Five Simple Steps

Posted by Built Team on Dec 12, 2017 2:35:00 PM

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.

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Topics: Technology

A Single Secure Construction Lending Communication Channel

Posted by Andrew Sohr on Nov 29, 2017 8:16:00 AM

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?

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Topics: Construction Lending, Technology

Built Answers: Easing Construction Loan Pain

Posted by Matt Pritzel on Nov 3, 2017 9:52:37 AM

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.

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Topics: Construction Lending, Technology

Built Adds Integration With Northwest Construction Control For Fast, Accurate Draw Inspections

Posted by Built Team on Oct 17, 2017 7:30:00 AM

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.

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Topics: Construction Lending, Technology

Built Continues Expansion Welcoming Three Significant Hires To The Team

Posted by Built Team on Oct 10, 2017 7:30:00 AM

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.

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Topics: Construction Lending, Technology

Built Named Preferred Partner of The Mortgage Collaborative

Posted by Built Team on Sep 26, 2017 7:00:00 AM

Nashville, TN, San Diego, CA – September 26, 2017  Built was named to The Mortgage Collaborative’s Preferred Partner Network, providing solutions for digital draw management and collaboration software for the network’s lenders active in construction lending.

The Mortgage Collaborative represents 115 of the nation’s mortgage lenders with aggregate annual origination volume of over $190 billion. With Built, members of The Mortgage Collaborative will simplify construction loan administration with real-time transparency and faster access to draws. With a completely digital process, lender members will be able to use the data for proactive risk management and portfolio insights.

“Our strategic partnership with The Mortgage Collaborative is an important step in our mission to change the way the world gets built,” said Chase Gilbert, president of Built. “Lender members using Built have a streamlined experience for borrowers, builders and internal staff and the transparency to power their efficient operations while reducing risk.”

“Our mission at The Mortgage Collaborative is to empower our lender members across the country with better financial execution, reduced costs, enhanced expertise and improved compliance,” said Rich Swerbinsky, Chief Operating Officer for The Mortgage Collaborative. “We’re proud to bring Built to the Preferred Partner Network to give our construction lending members a distinct advantage in the growing construction loan market.”

About The Mortgage Collaborative

Based in San Diego, The Mortgage Collaborative was founded in 2013 to empower mortgage lenders across the country with better financial execution, reduced costs, enhanced expertise, improved compliance, and to help its members access the dynamic and changing consumer base in America. The association is managed by its founding members: John Robbins, CMB; David Kittle, CMB; Gary Acosta, CEO of the National Association of Hispanic Real Estate Professionals (NAHREP); and Jim Park, former chair of the Asian Real Estate Association of America (AREAA). Robbins and Kittle are former chairmen of the Mortgage Bankers Association of America (MBA).For more information, visit: http://www.mortgagecollaborative.com.

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Topics: Construction Lending, Technology

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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