Provider of commercial lending technology for banks and credit unions, Baker Hill and AI-native platform for real estate and construction finance, Built has announced an expanded partnership.
The partnership will connect Baker Hill’s origination technology with Built’s CRE construction loan administration and portfolio management. It will also allow loan, borrower, property, project, budget, draw, asset and portfolio data to move between systems, giving banks and credit unions a more complete view of their CRE business without replacing technology they already use.
“CRE lending shouldn’t become a manual process the moment a loan closes. Our clients need the same efficiency, visibility and control after closing that they have during origination.
“Expanding our partnership with Built will help financial institutions maintain that continuity through construction loan administration and portfolio management.”
Andy Ivankovich, Chairman and CEO, Baker Hill
According to Federal Reserve data, US commercial banks hold over $3.1trn in commercial real estate loans, including approximately $454bn in construction and land development loans.
However, many financial institutions still manage critical post-close workflows outside their primary lending systems, relying on spreadsheets, email and shared drives to coordinate draws, budgets, inspections, covenants, exceptions, asset performance and supporting documentation. The disconnect can slow decisions, add manual work and limit visibility across the portfolio.
“CRE lending has long depended on a patchwork of disconnected tools to manage critical workflows after origination.
“Our expanded partnership with Baker Hill gives teams cleaner data and better visibility, so they can spend less time reconciling systems and more time making informed decisions.”
Frank Iannotti, VP and GM of Lender, Built
Built supports both construction and stabilised CRE loans. The platform centralises draws, inspections, exceptions and asset performance, so lenders aren’t stitching together data from separate systems.
