Built
Construction loan management software
Loan origination software
Financial services software
Loan software
- Features
- Ease of use
- Ease of management
- Quality of support
- Affordability
- Market presence
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What is Built
Built is a cloud-based platform used by construction lenders and project stakeholders to manage construction loan administration and draw disbursements. It supports workflows such as draw requests, document collection, inspections, approvals, and payments to contractors and suppliers. The product is typically used by banks, credit unions, and specialty construction finance teams to standardize draw processing and improve visibility into project progress and funding status.
Purpose-built draw administration workflows
Built focuses on construction-specific processes such as draw requests, inspection coordination, approvals, and disbursement tracking. This specialization aligns with lender needs that are not well covered by general loan systems. It helps teams standardize steps and reduce reliance on email and spreadsheets. The workflow orientation is a practical fit for high-volume construction portfolios.
Multi-party collaboration support
The platform is designed to connect lenders with borrowers, builders, and other project participants during the draw process. Centralized document intake and status tracking can reduce back-and-forth communication. This is useful when multiple parties must provide lien waivers, invoices, and progress evidence. It also helps lenders maintain a consistent audit trail for draw decisions.
Portfolio visibility and reporting
Built provides portfolio-level views into draw status, funding progress, and project activity. This supports operational oversight for construction loan teams and management reporting. Visibility across many active projects can help identify bottlenecks in inspections, approvals, or missing documentation. These capabilities are commonly expected in construction loan administration tools and are a core strength versus generic financial software.
Not a full LOS core
Built primarily addresses post-close construction administration rather than end-to-end loan origination. Institutions typically still require a separate system for application intake, underwriting, pricing, and closing documentation. As a result, organizations may need integrations and process handoffs between systems. This can add implementation and ongoing administration effort.
Integration dependency for scale
Construction lending teams often need connectivity to core banking systems, servicing platforms, payment rails, and document repositories. If required integrations are not available out of the box, organizations may need custom work or middleware. Integration complexity can affect time-to-value and total cost of ownership. This is a common constraint for specialized construction draw platforms.
Construction-focused scope limits
The product’s feature set is oriented around construction draws and related controls, which may not fit other lending products without parallel tools. Lenders with diverse portfolios may find they need additional software for non-construction workflows. Reporting and controls may also be optimized for construction-specific compliance and processes rather than broader lending operations. This can limit standardization across the enterprise.
Plan & Pricing
| Plan | Price | Key features & notes |
|---|---|---|
| Built Payments (Built Payments with Lien Waivers) | Free — unlimited digital payments (no cost to send) | Industry-first no-cost digital payments with automatic lien waiver workflows included; payment recipients do not pay to access or receive payments.. |
| Lien Waiver Management (standalone subscription, without using Built Payments) | $1,000 per month (flat) | Includes unlimited waivers, templates, projects, and users; available as a flat monthly subscription for firms that want lien waiver management without committing to Built Payments. |
| Built Construction Loan Administration / Built Marketplace (Construction Financials, Draw Management, AI Draw Agent, Inspections, Title Search, etc.) | Custom / Contact sales | Enterprise-grade construction loan administration and construction-finance services. Public site directs buyers to "Talk to Sales" or request a demo; no public list pricing found. |
Seller details
Built Technologies, Inc.
Nashville, TN, USA
2014
Private
https://getbuilt.com/
https://x.com/getbuilt
https://www.linkedin.com/company/built-technologies/
