Builders Capital has launched the Broker Portal, a proprietary technology it said opens the lending pipeline for thousands of loan brokers and potentially accelerates construction projects nationwide.
When Builders Capital was launched in 2009, it provided builders with an alternative source for funds as the economic crash threatened the industry. The organization has since expanded to offer a full suite of construction loan products, focusing on ground-up construction. Its proprietary loan servicing platform streamlines the customer experiences through draws, inspections and payoffs.
The latest evolution revolves around the need for brokers to have a sense of branding autonomy while having the financial backing to conduct business emerged. Previously, brokers held the role of the middleman between borrowers and banks, taking construction loan applications to a bank, orchestrating pricing and communicating the options to the borrower. However, the borrowers know they are not speaking directly to the source of the capital.
“Technology is a constant in our everyday lives, and there is no question that technologies are consistently being updated to adapt to customer expectations and standards. Builders Capital is proud to bring technological advancements into the sector of private money lending,” said Robert Trent, CEO of Builders Capital. “This most recent integration to our platform will empower brokers to take charge and no longer be left on the sideline during the construction loan process.”
With this latest innovation, the product suite is open to thousands of brokers across the country, giving them more control and a one-to-one relationship with borrowers through the entire process. Pricing requests and applications for potential new deals and opportunities can be processed 24/7, giving the broker power and eliminating the chance for a slowdown.
