Adam Constantine on MLK Jr.’s impact on housing equality

During the interview, Constantine explains why the industry needs to focus on evoking intentional change rather than launching lackluster initiatives.

Navigating capacity concerns amidst record-high volumes

High loan volumes continues to loom large in the new year, making the “one-stop-shop” approach to the servicing and lending process even more appealing.

Amid record-high origination volumes, mortgage fraud risk is down

CoreLogic's recently released Mortgage Fraud Report is the industry standard for nationwide fraud monitoring and analysis. Read the findings here.

How student loan debt impact homeownership

Student loan expert Catalina Kaiyoorawongs shares her practical and tangible advice for people who feel overwhelmed by their student loan debt.

FintechInvestmentsMortgage

Led by Goldman Sachs, Built Technologies raises $31 million in Series B

The big bank's investment arm leads latest funding round for fintech company

Fintech construction company Built Technologies announced it raised $31 million its Series B financing round.

The round, which brings Built’s total funding to $55 million, was led by a big name in capital: Goldman Sachs Investment Partners. The round also featured existing investors Index Ventures and Nyca Partners, as well as Regions Bank, Canapi Ventures and Nine Four Ventures.

“Built’s technology platform has demonstrated a strong value proposition to borrowers and lenders alike by streamlining the overall construction loan process, while at the same time increasing transparency,” said Christopher Dawe, co-head of Goldman Sachs Investment Partners Venture Capital and Growth Equity team. “We are excited to partner with Built and help the company maintain its leadership position within the industry.”

With this round of funding, Built said that it will accelerate platform development and continue to expand its client success organization.

According to a press release, Built has tripled its customer base since 2017 and its platform has helped lenders service more than $24 billion of construction loans since it launched in 2015. The company raised $21 million in its Series A funding round in 2017.

“We started Built with the desire to bring modern technology and risk management to an area of lending that has been underserved for too long,” said Chase Gilbert, CEO and co-founder at Built, which was a 2019 HW Tech100 winner. “Our platform is now used by thousands of stakeholders in the construction ecosystem to help ensure money moves into projects with less risk, maximum efficiency, and unrivaled borrower and builder experience.”

 

Most Popular Articles

Prepare for the rise in mortgage rates

Economists offer their takes on how high mortgage rates will climb, how lenders will respond and what impact this will have on the housing market. HW+ Premium Content

Jan 18, 2021 By

Latest Articles

The real danger of releasing the GSEs from conservatorship

Dave Stevens writes: My experience with [the GSEs] began in earnest in 1999 when I became the senior vice president in charge of Single Family at Freddie Mac…It was this period that framed my entire perspective of the GSEs and what made me appreciate that they are both critical to housing finance yet equally as dangerous to the same sector and the broader economy.

Jan 22, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please