We're excited to announce that Built Technologies was just named a finalist for the 2017 Best of FinXTech Awards! The Awards recognize partnerships between financial institutions and fintech firms, and finalists were selected by a judging committee of FinXTech advisors. The FinXTech Awards will be announced on April 26, 2017 during the FinXTech Annual Summit at the Nasdaq MarketSite.
Built Technologies was awarded Growth Stage Company of the Year at Nashville Tech Council’s 8th annual NTC Awards held on January 26th, 2017. Built’s web based and mobile applications are used by construction lenders, builders, borrowers and inspectors to increase profitability, reduce risk, and simplify compliance. The Growth Stage Company award recognizes a start-up or emerging growth company that has shown exceptional growth through technological innovation.
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