WASHINGTON — The American Bankers Association today announced its endorsement of a construction lending platform provided by Built Technologies, a Nashville-based fintech company. The technology offered by Built reduces the cost of servicing and transforms the user experience on residential and commercial construction loans by connecting the borrower, builder, inspector and lender through an online platform.
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.
We’re no strangers to the fact that asking people to change existing ways of operating can be a difficult ask. As a software company, we’re used to being greeted with skeptical eyes -- so much so that we’ve grown comfortable with it and use conversations with prospective clients as learning opportunities more than anything. In fact, thanks to those conversations, we created an entire blog series and ebook devoted to helping companies successfully manage software change.
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.
CARMEL, Ind., Mar. 06, 2018 – Baker Hill, a leading provider of technology solutions for lending, risk management, and analytics, has entered into a strategic alliance with Built Technologies, a Tenn.-based technology company bringing construction lending into the digital age.
The surge in popularity of reality renovation shows has inspired many homeowners to look at their houses in a new way -- namely as a project they can beautify themselves. Home buyers are looking for houses that look like they do on TV, with modern layouts and updated features. Combine that with record-low home inventory, and the result is more people choosing to update their current homes instead of looking for something new.
As we closed out 2017, Realtor.com and Oldcastle Business Intelligence released detailed reports on the state of the nation’s housing and construction industries accompanied by their projections for the year ahead. We compiled a list of the top trends and predictions from each report and put the key data points into two infographics for housing and construction.
Topics: Construction Lending
February 14 , 2018-- Nashville, Tenn.,-- Built, the leading provider of secure, cloud-based construction lending software, announced today that it is being integrated with Black Knight’s LoanSphere platform. Black Knight is a leading provider of integrated software, data and analytics solutions that facilitate and automate many of the business processes across the homeownership lifecycle. The Built integration will provide digital management on any construction loan using loan data from Black Knight’s two core LoanSphere systems: the LoanSphere Empower loan origination system and the LoanSphere MSP servicing system.
Built co-founder and president Chase Gilbert was recently interviewed for the Lendtech Briefing series put on by Mortgage Cadence. The interview covered a variety of topics, including: