If you’re in the lending space today, it seems like you can’t go a day without reading an article about the ways technology will improve your life and the lives of your borrowers. It’s clear we can’t ignore the impact technology has had on how we all expect to be treated as customers. That’s apparent in few places more than in the financial world; more time, energy, and money are put into improving the customer experience today than anything else and technology is at the heart of most of these efforts.
Topics: Digital Draw Management
Nashville, TN, McMinnville, TN – July 31, 2018 – First National Bank of Middle Tennessee (FNBMT) has a new construction lending experience after implementing Built Technologies for loan administration. Built is a national company, also headquartered in Tennessee, that provides a digital platform that simplifies loan management for banks and borrowers.
The top 1% rated portfolio lender leads with commitment to quality and borrower experience through technology.
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.
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.