Data Collection Informing Construction Loan Risks
2020 has delivered a wide range of exogenous shocks to construction loan portfolios. From Covid related public health shut-downs to natural disasters; western bankers are faced with ever changing reporting demands to manage portfolios and accurately risk rate loans. Construction loans with work in progress add an extra layer of information asymmetry. Built Technologies provides U.S. regulated financial institutions with cloud-based, SAAS solutions to manage construction loans. With over 100,000 loans totalling +$50B in construction commitments services on the Built Construction Loan Administration platform; bankers have accessed a range of KRI reports and government data bases to manage their construction portfolios in real time.
Director, CRE Strategy