Powering Smarter Construction Finance

Fully Harness the Power of Reporting with Construction Lending Software

Posted by Built Team on Jun 5, 2018 9:00:00 AM

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.

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Who Says Millennials Aren't Buying Houses?

Posted by Andrew Sohr on May 14, 2018 9:00:00 AM

The long-running narrative on Millennials has been that they are living in their parent’s basements, too crippled by debt and low-paying jobs to afford to live on their own. Quickly, though, that story is changing.

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The Construction World Needs Workers

Posted by Andrew Sohr on Apr 3, 2018 9:00:00 AM

You may have seen the headlines indicating that construction outlook for the year is looking really strong. We’ve covered it a couple times, even in infographic form.

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Homebuilders are Right: The Construction Game is Looking Good

Posted by Andrew Sohr on Mar 22, 2018 9:00:00 AM

As we head into 2018, the Built team is more excited than ever to be in the construction industry. When we started Built three years ago, we could not have predicted the way the real estate and construction markets would continue to expand across nearly every market in the country.

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The HGTV Effect and Construction Lending

Posted by Built Team on Feb 27, 2018 10:00:00 AM

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.

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State of the Nation’s Housing and Construction Industries 2018 [Infographics]

Posted by Built Team on Feb 20, 2018 9:00:00 AM

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.

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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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Built Answers: Lending Policy and Portfolio Compliance

Posted by Matt Pritzel on Dec 14, 2017 4:24:00 PM

I’ve learned very quickly here at Built that the life of a Chief Risk Officer isn’t easy. Their world requires constant vigilance -- keeping up with all compliance matters while aiming to balance risk and reward for their institution. We could probably devote an entire series of Built Answers posts to just an hour of the concerns they face in a day.

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Digital Lending + Investing 2017 [Video]

Posted by Built Team on Dec 4, 2017 4:05:09 PM

The Digital Lending + Investing Conference, hosted by SourceMedia, brings together the brightest minds in lending, loan investing and fintech to discuss what's next in the consumer finance industry.

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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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