Agents of Tech

Sunwest Bank Integrates with Built Technologies

Sunwest Bank, a privately-held business bank serving the western United States, has integrated with construction software provider Built Technologies. Built provides users with real-time loan visibility. Everyone involved in the loan process can view real-time progress data such as availability of funds and inspection status. By centralizing communications and enhancing data and transparency, draw requests and disbursements are processed faster than ever, the companies said.

“Built’s construction lending platform and services will bring consistency and efficiency to Sunwest’s CRE construction portfolio while syncing with the bank’s lending operations and existing technology stack,” said Jim Fraser, lending channel manager at Built. “This implementation will help Sunwest deliver enhanced customer service and simultaneously provide real-time data for management reporting in its construction lending line of business.”

Built’s construction loan management platform allows Sunwest to achieve these objectives for its customers by providing real-time reporting and dashboards to manage construction lending exposure in a more accurate and timely way than ever before, the bank said.

“Utilizing Built’s solution, we are able to extend our technology to our customers and deliver transparent and seamless construction loan draws, loan budget balancing and site inspection, providing transparency and speed to what has historically been a manual and slow process,” said Sunwest Bank Chief Credit Officer Paul Simmons. “Built’s construction loan management platform is allowing us to achieve our customers’ objectives and drive a uniform and consistent process throughout our enterprise.”

 

 

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