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.
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.
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