Though investing in a new technology solution may seem like an added expense and administrative burden up-front, lenders stand to lose much more in both time and resources by choosing to make do with legacy systems and workflows. Legacy software solutions not only negatively impact administrative capacity, but they also put financial institutions at risk time and again in the form of data entry errors.
As 2018 drew to a close, Realtor.com and Dodge Data & Analytics released detailed reports projecting the housing and construction industry trends that we can expect to see throughout 2019. As we’ve done for the past two years, we compiled the top trends and predictions from each report into two easily digestible infographics.
At Built, we take pride in the onboarding and implementation of each new client -- working with our clients to truly get to know the ins and outs of their workflows and tailoring our implementation process to meet their needs. We place a great deal of focus on making things as simple and pain free as possible for everyone who uses our platform, which is why we were honored when we delighted a client to the extent that they wanted to join our team. This was exactly the case with Natalie Myrick, our recently appointed director of mortgage solutions, who came on board last fall from Umpqua Bank. In this quick interview conversation, Natalie shares a little bit of her story and what she’s looking forward to helping us create at Built.
Lenders can often feel the pressure of having to grow their book of business no matter the state of the economic or cultural environment. For this reason, they may look for new opportunities and innovative products to strengthen and expand their customer relationships, ultimately growing their loan portfolio.
As we reach the 10-year anniversary of the inflection point of the 2008 Financial Crisis, it’s the perfect time to reflect on how the economy has (and hasn’t) recovered since the greatest economic downturn since the Great Depression.
We’ve seen Millennials emerge as a home-buying force in the past year, quickly becoming the largest demographic purchasing homes. This comes after years of worry that debt and economic concerns would keep them from moving out and buying houses.
The housing market environment is transitioning to a phase we haven’t seen in years. As home sale prices reach record highs and rates continue to rise, lenders are looking for new ways to create revenue outside of traditional refinancing.
The housing market has hit a little lull. It was inevitable. July marked the 77th consecutive month of median home price growth (that’s more than 6 years), so we’ve known that prices would eventually hit a ceiling.
We kicked off the year with a list of the top trends and predictions slated to hit the nation’s housing and construction industries throughout 2018. Driven substantially by a strong economy, increased housing demands, and a lack of inventory, this year was expected to see exponential growth within both the housing and construction industries.
As a technology company, we love to create software solutions to solve everyday problems. It’s in our DNA and arguably the reason many of us come to work every day. That means we’re always hard at work building features to make life easier for our clients and partners.