Single Family Residential Loans
Built expedites draw turnaround time, yielding increased interest income and happier customers. The digital, cloud-based platform improves project visibility and collaboration, providing information sharing between all key project stakeholders in one place. Built provides the online banking experience consumers expect for their construction loans, too.
Renovation Loans
Renovation projects often cause lenders, borrowers, and contractors unnecessary stress when managed manually. With legacy processes and systems, contractors have limited visibility and lenders lack aggregated risk reporting. By bringing the process online, Built brings efficiency and transparency to a once risky and cumbersome process.
We have gotten repeat business from people who loved going through Built for this process instead of the old, traditional way of getting bank financing. This is a great way to save builders time so they can be out building.
Built’s intuitive approval process and reporting allow us to have a reconciliation process that is easy which is critically important to the success of a renovation and construction platform.
Eliminate Complexities & Increase Efficiencies
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Streamlined Collaboration Portal
Provide an intuitive portal experience for key construction/renovation stakeholders including lenders, borrowers, contractors, and inspectors.
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Seamless Draw Management
Set up clear draw administration workflows that result in increased administrative capacity and automate communication with key stakeholders at each stage of the loan process.
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Clarified Collateral Management
Enable collateral completion status through every stage of the process and ensure that projects are staying on track.
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Enhanced Portfolio Insights
Provide proactive risk mitigation through real-time portfolio management and data insights with alerts to quickly identify at-risk projects and monitor data for portfolio trends to improve performance.
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Maintain Compliance
Automate and standardize draw and loan management processes maintains compliance with internal, regulatory, and agency requirements.
Rural 1st
