Built Technologies' Leap: Modernizing Construction Loans with TechVision

that received

Results

The solution TechVision created in collaboration with Built Technologies brought noticeable results in the construction lending industry. The platform completely changed the way lenders operate which resulted in several points:

• ✓Increased Deal Flow
  Because construction lenders could use the new modern platform to process loans more efficiently, they now can handle a higher volume of deals at the same time. This meant that not only could they increase their revenue but also improve customer satisfaction as the wait time was reduced.
• ✓Reduced Administrative Costs
  As many processes are automated now, many manual tasks and workflows don’t take up that much of lenders' time. They can now use their resources more effectively by focusing on more important activities rather than paperwork.
• ✓Time and Resource Savings
  Such a quick development of the solution made sure that Built Technologies could come to market just in 6 months which saved a lot of time and reduced development costs. This smooth implementation meant that Built Technologies could start taking advantage of the new platform right away.
• ✓Continuous Improvement
  The architecture and cloud technology are key for further improvements and updates. Now, Built Technologies can easily add new features, scale the system as they prefer, and adapt to future industry changes and trends.