nCino partners with Built to drive digital transformation of construction lending

By Pavithra R

Built, a leader in construction finance software has announced integrating its platform into cloud banking leader nCino’s Bank Operating System.

The technology integration simplifies and automates the construction loan management process while providing a convenient digital experience for construction borrowers.

Construction finance is stressful, and lenders spend valuable time managing complex loans on spreadsheets and emails with manual data entry to core systems. This manual administration process is not only susceptible to risk & compliance challenges but also makes loans expensive to service and creates a difficulties for their clients throughout construction. Built & nCino are addressing this challenge by offering an integrated solution that simplifies the construction lending process by offering real-time visibility into construction projects, from loan origination through construction completion and stabilization.

“After accumulating a growing number of mutual clients, we realized we could better serve these lenders and their construction borrowers by building a seamless integration between our platform and nCino’s. Through this, lenders can more easily identify and mitigate key risks, ensure compliance and maximize their returns as they serve those building the communities around us,” said Chase Gilbert, CEO at Built.

Lenders, borrowers and other authorized parties can now view relevant information and take appropriate action based on their role. Draw requests and disbursements happen quickly as excessive handoffs, and multiple system interactions are eliminated. ConnectOne Bank, a leader in the digital transformation of lending, is the first lender to leverage the integration.

“The integration of nCino and Built, two leading FinTech firms, is a key example of the shifting technology landscape in digital. Built’s niche-specific software coupled with nCino’s robust infrastructure allows ConnectOne Bank to build and customize our infrastructure based on the different niches we serve. As a former builder, I understand the need for speed, consistency, and transparency in the construction lending process. This integration of two top software companies allows us to scale the construction lending process that has made ConnectOne successful, enabling our bankers to work more effectively, ultimately fueling our clients’ success,” said Frank Sorrentino, ConnectOne Bank’s chairman & CEO. 

“While nCino continues to innovate and expand the depth and breadth of the nCino Bank Operating System, we recognize that there are additional applications and services that can further its functionality, efficiency and overall value to financial institutions and their clients. By working with Built, we are able to provide an integrated solution to the financial services industry that helps maximize productivity and eliminate friction in the construction lending customer journey,” said Trisha Price, Chief Product Officer at nCino.

Founded in 2014, Built’s mission is to empower the entire construction finance ecosystem with the tools necessary to change the way the world gets built. Its collaborative software streamlines the collateral monitoring and draw management process.