As an independent community bank in Middle Tennessee, F&M Bank offers a wide range of construction lending products, from small consumer renovations to large-scale, multi-million-dollar development projects. However, managing this diverse portfolio of loans came with a significant challenge: their outdated system.

Before partnering with Built, F&M Bank’s processes were almost entirely manual, limiting their ability to handle larger projects and correctly assess risk. They relied heavily on third-party vendors, which caused significant delays in inspections and draw approvals, ultimately increasing the time borrowers had to wait for funding. 

This inefficiency also led to a higher risk of overfunding.

We collaborated with F&M Bank to implement a new workflow that transformed their construction lending process. By adopting our platform, F&M Bank has been able to handle more complex larger projects, and achieved some remarkable results:

• Faster Draw Times: We helped the bank cut their draw times in half, significantly improving the borrower experience and their competitive edge.
• Reduced Overfunding: Our platform provides better visibility and control, which has significantly reduced the risk of overfunding on projects. This in turn reduces F&M Bank’s overall risk exposure.
• Streamlined Operations: During the implementation process, we worked closely with F&M Bank to overhaul and refine their entire workflow, resulting in greater efficiency across their organization.

At Built, we believe that great software is only part of the solution. Our partnership with F&M Bank proves that a collaborative approach can lead to a more efficient and secure lending process. We’re proud to have helped them not only solve their immediate challenges but also build a foundation for confident growth.

Ready to transform your lending operations? Chat with Our Team today