Construction Technology Firm Targets Lending Pain Points

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NEW YORK CITY – Built, a construction finance technology platform, is taking aim at the pain points in construction lending, continually adding features to help streamline the process. To accomplish this goal the firm has brought on commercial lender executive Jim Fraser to help with the task. 

Fraser, who was an early adopter of Built while at Banc of California,  tells GlobeSt.com that staying digital in the construction lending process from start to finish is the first principal at the firm and says construction lenders suffer from inadequate processing and lack of loan administration solutions. This results in poor customer experience and frustrated employees pushing paper and PDF files via email back and forth. “Built has digitized this cumbersome process and is continually adding features to help streamline construction lending,” he said.