A construction loan designed for home builders, lenders, and commercial buyers
MINNEAPOLIS, March 31, 2026–(BUSINESS WIRE) –A US bank has partnered with Built, a leading AI platform for real estate finance, to transform the way its mortgage lenders manage new construction home financing.
With Built Now integrated with US Bank’s consumer and commercial lending experiences, projects can be supported quickly and customers have real-time visibility at every stage of construction. By connecting the borrower, US Bank and the builder on one platform – projects face fewer delays, payments and withdrawals go smoothly and everyone enjoys an overall better experience.
“We are always looking for ways to improve the home loan experience for our customers,” said John Hummel, Head of Retail Home Lending at US Bank. “Every day is important for customers who are financing and building a new home and for small builders, in the same way, with Built allows us to handle the draw quickly, keep everyone informed, and make what can be a stressful process, easier and more anonymous.”
For mortgage buyers who are in the process of building a home, once the construction loan starts, US Bank implements the built-in project, giving lenders a central place to manage the draw, review and communication throughout the construction process. Once the project configuration is complete, the customer receives an email with the option to use Built to manage their credit during construction. The cloud-based web platform provides a central location to effectively manage all audit and drawing events – creating transparency for all stakeholders.
For real estate customers, Built takes construction management online—connecting lenders, builders, inspectors, and lenders to expedite financing and provide real-time visibility into project progress. Customers can also request withdrawals and checks directly through the Built platform, at the bank’s discretion, and receive email alerts when events occur throughout the life of the loan.
“Our investors and development customers in the real estate sector expect a simple, transparent lending experience,” said Suzanne Rathbun, Group Director of Loan Services at US Bank. “With one connected platform, we provide fast access to funds and real-time visibility to every project, so they can keep projects moving forward.”
An Integrated Approach to Construction Finance
By removing manual labor from the process, US Bank can serve customers more efficiently and scale its mortgage portfolio with confidence. The Built platform supports the complete lifecycle of a construction loan – from budgeting and analysis to attracting applications and payments – in one integrated system.
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