Case Study: F&M Bank cuts draw times in half with Built Technologies

F&M Bank cuts draw times in half with Built

F&M Bank, an independent community bank in Middle Tennessee, faced challenges managing its diverse construction lending portfolio. Its outdated, nearly manual processes and reliance on third-party vendors caused significant delays in inspections and draw approvals, increasing borrower wait times and creating a higher risk of overfunding. To address these issues, F&M Bank partnered with Built Technologies.

Built collaborated with the bank to implement its construction lending platform, overhauling and refining the entire workflow. This partnership allowed F&M Bank to handle more complex, larger projects. The measurable results included cutting draw times in half for a better borrower experience and significantly reducing the risk of overfunding, which lowered the bank's overall risk exposure. Built provided a comprehensive solution that streamlined operations and built a foundation for confident growth.

F&M Bank