Nashville, TN, Bryn Mawr, PA —September 12, 2017 – Built Technologies, the leading construction loan administration and draw management platform, announced today that Bryn Mawr Trust Company (”BMT”) has chosen Built’s collaboration platform to digitize construction loan administration, creating efficiency and accessibility for BMT construction clients.
Built’s draw management software has improved efficiency, simplified compliance, reduced risk, and provided a better overall experience for all parties involved in the construction loan, including borrowers, builders, draw inspectors and BMT staff. The web-based platform brings all parties together in a central hub for enhanced user experience and faster disbursements, while allowing BMT to manage more loans in less time.
“BMT is focused on delivering the highest level of personalized service, comprehensive products and advanced technology to provide the best client experience,” said Marilee N. Connor, SVP Director of Commercial Credit Administration. “Built’s technology empowers BMT’s clients to request funds in seconds and dramatically reduces the time it takes to receive the disbursements. Builders, borrowers, inspectors and bank staff can collaborate in real time providing excellent service, while significantly reducing the risks previously associated with the administration of construction loans for all parties. We are committed to supporting growth in the communities we serve and this technology is helping us achieve that mission.”
“Bryn Mawr Trust has an outstanding reputation for service, so we’re excited to welcome them to Built”, said Chase Gilbert, President and Co-Founder of Built. “Loans for new construction or renovation are critical for supporting growth in the community, and Bryn Mawr Trust is committed to the best experience for their customers and partners.”
About Bryn Mawr Trust Company
The Bryn Mawr Trust Company provides personal and business banking, insurance and wealth management services for individuals, families, businesses, and non-profit organizations in Pennsylvania and Delaware. Bryn Mawr Trust is a wholly owned subsidiary of the Bryn Mawr Bank Corporation, a one-bank holding company publicly held and traded on NASDAQ (BMTC). For more information visit www.bmt.com.
Built is the leading provider of secure, cloud-based construction lending software. Built's collaboration platform brings the draw management process online and helps reduce construction loan risk, increases loan profitability, transforms the borrower experience, and simplifies compliance. Built serves all lenders coast-to-coast. To find out more visit www.getbuilt.com, join Built Technologies on LinkedIn or follow Built on Twitter at @BuiltTechnology.