Construction Loan Management for Credit Unions

Built was created to simplify residential and commercial construction lending. The collaborative platform was designed to streamline and automate the post-closing loan administration and collateral monitoring process, connecting all key stakeholders, including financial institutions, borrowers, builders and draw inspectors. Specifically designed to complement and work with existing key systems and inspection partners, Built empowers financial institutions to proactively mitigate risk, simplify compliance and increase productivity and profitability.

In light of recent events surrounding Covid-19, and many company initiatives to move employees to a fully remote workforce, Built has developed and implemented a fully remote implementation process for our clients. Our goal is to get your portfolio online as soon as possible and accelerate the ability to report in real time. Expedited Implementations require certain criteria. To see if an expedited implementation is right for you, please contact your Built Account Executive.

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By bringing construction loan administration, monitoring and reporting online, Built offers Credit Unions:

Unparalleled Risk Mitigation

Built accurately monitors the performance and health of a Credit Union’s entire construction portfolio through automated processes and alerting capabilities. Financial institutions have the ability to proactively manage risk and simplify compliance with unprecedented data insights, real-time dashboards, customized reporting and audit trail tracking capabilities.

Increased Administrative Efficiency

By automating time-consuming manual processes, Built allows financial institutions to manage more construction loans and construction projects in less time. Streamlined processes through the Built platform allow for faster draw processing times, resulting in added interest income.

A Best-In-Class User Experience

By centralizing construction information and connecting all key stakeholders, Built provides complete transparency, with real-time connectivity between all parties involved in the loan administration process.

In addition to providing a higher level of customer service through technology, Built offers Credit Unions the ability to be competitive in any market.

Consumers seek confidence in knowing that their projects are going well, delivered on time, and on budget.

Built provides complete transparency to all key parties—giving consumers peace of mind that their projects are on time and on budget.

When handling multiple projects, builders seek lenders who can deliver funds fastest—pushing projects forward.

Built significantly reduces draw turnaround times by making a cumbersome process easier and more efficient for all parties.

Transparency and proactive risk mitigation are critical for developers handling large projects with numerous parties.

Built centralizes key documents and information by connecting all parties and approvers in real-time. Built Insights provides unprecedented data analytics, monitoring, and alerts.

Built’s platform streamlines construction portfolio management for all business lines, including consumer, home builder, and commercial real estate.

We’re helping 100+ lenders nationwide improve operational efficiency and reduce risk while providing real-time reporting and analytics.

Built also centralizes all workflows and document storage to ensure compliance.

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Want to see how Built can work for you? Schedule a call with our team to learn more.