Feb 11, 2021

US Bank digitises construction lending with Built

USBank
Built
constructionlending
digitalsoftware
William Girling
2 min
US Bank digitises construction lending with Built
US Bank Housing Capital Company, a division of US Bank, has announced a new partnership with software developer Built...

The collaboration will see Built provide construction finance software to drive US Bank’s focus on full-service banking solutions for those building homes, both private and public. More specifically, it will enable an online method for managing construction loans.

US Bank’s goal of saving customers time and money through customer-centric tech and decision-making marries well with Built’s raison d'etre, “powering smarter construction finance.”

With the US homebuilding sector’s revenue estimated to have fallen 3.2% because of COVID-19, it is safe to say that construction firms need all the help they can get.

Maximising productivity with banking software

Built’s suite of solutions are grounded in three core categories:

Lenders can experience a simplified, real-time construction portfolio admin process enhanced by automation, while contractors can leverage a cloud-based platform that accelerates building processes and streamlines payments.

Currently used by over 120 construction lenders nationwide, as well as thousands of contractors, Built manages an estimated $68bn in spend annually.

Empowering borrowers and builders

Regarding the synergy between the two companies, Jason Park, Senior Vice President at US Bank, said, “The ability of Built’s platform to manage risk, maximise productivity, and improve the customer experience strongly aligns with US Bank’s risk management discipline and strategic priorities. 

“Our mission has always been to offer best-in-class service to homebuilders across the US With the advanced capabilities of this new platform, Built has created a seamless customer experience for our Housing Capital clients that will accelerate our capabilities in an increasingly digital world.”

Chase Gilbert, CEO at Built, added, “Our focus is on helping US Bank Housing Capital Company create a seamless digital process that empowers borrowers and builders and frees bank staff to add more value throughout the process.

“Innovative lenders like US Bank Housing Capital Company understand that customer satisfaction drives growth. Solutions like Built, which make construction finance management efficient and seamless, are essential to ensuring that experience.”

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Jun 21, 2021

Last chance: Register for AWS’ webinar on modern banking now

AWS
Goldmansachs
Banking
Payments
1 min
AWS’ webinar, also featuring Goldman Sachs, promises to provide the banking and payments sectors with the strategies they need for modernisation

How to modernise transaction banking and payments through AWS Marketplace’ will be taking place on 22 June 2021 at 10am BST. This is the last opportunity to sign up for what is sure to be an invaluable webinar event.

Esther F. Mendez, Worldwide Banking and Payments Partner Development Lead at AWS; and Angelos Anastasiou, Chief Solutions Architect, Transaction Banking at Goldman Sachs, will discuss:

  • Leveraging automation tech and data to drive business growth
  • Meeting compliance mandates and creating better standards for governance and security
  • How to utilise AWS Marketplace’s third-party solutions to meet customer expectations, even as they continually change 

There’s still time to find out more about:

Have you registered for AWS’ webinar? If not, sign up now.

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