{"id":511810,"date":"2021-07-12T09:03:45","date_gmt":"2021-07-12T13:03:45","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/regions-bank-digitizes-homebuilder-financing-with-convenient-seamless-solution\/"},"modified":"2021-07-12T09:03:45","modified_gmt":"2021-07-12T13:03:45","slug":"regions-bank-digitizes-homebuilder-financing-with-convenient-seamless-solution","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/regions-bank-digitizes-homebuilder-financing-with-convenient-seamless-solution\/","title":{"rendered":"Regions Bank Digitizes Homebuilder Financing with Convenient, Seamless Solution"},"content":{"rendered":"<p>        <!--.bwlistdisc { list-style-type: disc }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p><b>Regions Bank Digitizes Homebuilder Financing with Convenient, Seamless Solution<\/b><\/p>\n<p><i>Collaboration between Regions and Built empowers clients and makes banking easier.<\/i><\/p>\n<p>BIRMINGHAM, Ala.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.regions.com%2F&amp;esheet=52458099&amp;newsitemid=20210712005253&amp;lan=en-US&amp;anchor=Regions+Bank&amp;index=1&amp;md5=d7dccb93ef003c54aaf796d720017459\">Regions Bank<\/a> on Monday announced the launch of a digital solution designed to make it easier and more convenient for homebuilders and developers to utilize the construction lending process.\n<\/p>\n<p id=\"news-body-cta\">This press release features multimedia. View the full release here: <a href=\"https:\/\/www.businesswire.com\/news\/home\/20210712005253\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210712005253\/en\/<\/a><\/p>\n<div id=\"bwbodyimg\" style=\"width: 480px;float:left;padding-left:0px;padding-right:20px;padding-top:0px;padding-bottom:0px\"><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210712005253\/en\/782335\/4\/Regions_Branch_Example.jpg\" alt=\"Regions Bank operates approximately 1,400 banking offices and 2,000 ATMs across the Southeast, the Midwest and Texas. (Photo: Business Wire)\" \/><\/p>\n<p style=\"font-size:85%\">Regions Bank operates approximately 1,400 banking offices and 2,000 ATMs across the Southeast, the Midwest and Texas. (Photo: Business Wire)<\/p>\n<\/div>\n<p>\nThe centralized, digital solution is offered by Regions in collaboration with Built, a construction finance software and payment technology leader. The solution gives builders and developers new construction loan management options through a cloud-based platform. The app simplifies the loan administration process through a unique portal experience that aligns the builder, inspector, and lender, among other stakeholders.\n<\/p>\n<p>\n\u201cInnovating through technology that enables clients to bank when and how they want is part of our key strategic initiatives at Regions Bank,\u201d said Danny Hill, head of the Homebuilder Finance group at Regions. \u201cThis solution allows homebuilders and developers to spend more time meeting construction needs and less time handling manual tasks surrounding their financing. This application puts more useful information in the hands of Regions\u2019 clients and increases collaboration among the people and businesses who are crucial to successful developments. Through its platform, our colleagues at Built are transforming the construction landscape, and we are excited about the benefits we are able to offer through a combination of Regions\u2019 superior service and experienced bankers and Built\u2019s digital tools in the construction space.\u201d\n<\/p>\n<p>\nThrough the application, homebuilders and developers can:\n<\/p>\n<ul class=\"bwlistdisc\">\n<li>\nView real-time availability\n<\/li>\n<li>\nRequest draws and inspections\n<\/li>\n<li>\nAccess business analytics and reporting\n<\/li>\n<li>\nInspectors can submit construction completion percentages from the field, expediting the loan funding process.\n<\/li>\n<\/ul>\n<p>\n\u201cAt Built, we are constantly exploring ways to improve how money moves within the construction industry,\u201d said Built CEO Chase Gilbert. \u201cIt is rewarding when we get to work hand-in-hand with lenders like Regions Bank that share our goal of simplifying the construction lending process and enhancing the experience for homebuilders and developers as they build the communities we live in.\u201d\n<\/p>\n<p>\nSince the recent launch of the digital solution, Regions\u2019 clients have already seen significant benefits. Improvements in the operational infrastructure have decreased competitive draw turnaround times by more than 50%, complementing Regions\u2019 ongoing commitment to delivering a superior customer experience while making banking easier.\n<\/p>\n<p>\nRegions\u2019 Homebuilder Finance group serves the homebuilder market by providing loans for new home construction, lot purchases and development, and ancillary banking services. The Homebuilder Finance division is part of Regions Real Estate Banking, which also includes Income Property Finance, Affordable Housing and Real Estate Corporate Banking services.\n<\/p>\n<p><b>About Regions Financial Corporation<\/b><\/p>\n<p>\nRegions Financial Corporation (NYSE:RF), with $153 billion in assets, is a member of the S&amp;P 500 Index and is one of the nation\u2019s largest full-service providers of consumer and commercial banking, wealth management, and mortgage products and services. Regions serves customers across the South, Midwest and Texas, and through its subsidiary, Regions Bank, operates more than 1,300 banking offices and 2,000 ATMs. Regions Bank is an Equal Housing Lender and Member FDIC. Additional information about Regions and its full line of products and services can be found at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.regions.com%2F&amp;esheet=52458099&amp;newsitemid=20210712005253&amp;lan=en-US&amp;anchor=www.regions.com&amp;index=2&amp;md5=3c30df0801474bd3494ae7c2a5b74644\">www.regions.com<\/a>.\n<\/p>\n<p><b>About Built<\/b><\/p>\n<p>\nBuilt is the leading provider of construction finance technology. Built connects commercial and consumer construction lenders, commercial real estate owners, commercial general contractors, residential homebuilders, specialty contractors, title companies, and other industry vendors to improve the flow of capital through the construction ecosystem. By connecting all key stakeholders involved in the construction financing process in real-time, the platform helps mitigate risk, power faster draws and payments, ensure compliance, and inspire customer loyalty. Built is used by more than 140 of the nation\u2019s leading construction lenders and thousands of owners and contractors to manage over $80 billion of annual construction spend. For more information, visit: <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.getbuilt.com&amp;esheet=52458099&amp;newsitemid=20210712005253&amp;lan=en-US&amp;anchor=www.getbuilt.com&amp;index=3&amp;md5=9815328a977a9afac61677e354a1b0c3\">www.getbuilt.com<\/a>.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210712005253r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210712005253\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210712005253\/en\/<\/a><\/span><\/p>\n<p><b>Media Contact:<br \/>\n<\/b><br \/>Alicia Anger<br \/>\n<br \/>Regions Bank<br \/>\n<br \/>205-264-4551\n<\/p>\n<p>\nRegions News Online:<a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fregions.doingmoretoday.com&amp;esheet=52458099&amp;newsitemid=20210712005253&amp;lan=en-US&amp;anchor=regions.doingmoretoday.com&amp;index=4&amp;md5=4aac13ab4d78b3657397895d80d25899\"> regions.doingmoretoday.com<br \/>\n<\/a><br \/>Regions News on Twitter: <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Ftwitter.com%2FRegionsNews&amp;esheet=52458099&amp;newsitemid=20210712005253&amp;lan=en-US&amp;anchor=%40RegionsNews&amp;index=5&amp;md5=ccaf0387b3d394aa8253ec4de94d5a0a\">@RegionsNews<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America Alabama<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Professional Services Technology Residential Building &amp; Real Estate Commercial Building &amp; Real Estate Software Construction &amp; Property Banking<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210712005253\/en\/447447\/3\/REG_color_register.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Photo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210712005253\/en\/782335\/3\/Regions_Branch_Example.jpg\" alt=\"Photo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\">Regions Bank operates approximately 1,400 banking offices and 2,000 ATMs across the Southeast, the Midwest and Texas. (Photo: Business Wire)<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Regions Bank Digitizes Homebuilder Financing with Convenient, Seamless Solution Collaboration between Regions and Built empowers clients and makes banking easier. BIRMINGHAM, Ala.&#8211;(BUSINESS WIRE)&#8211;Regions Bank on Monday announced the launch of a digital solution designed to make it easier and more convenient for homebuilders and developers to utilize the construction lending process. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20210712005253\/en\/ Regions Bank operates approximately 1,400 banking offices and 2,000 ATMs across the Southeast, the Midwest and Texas. (Photo: Business Wire) The centralized, digital solution is offered by Regions in collaboration with Built, a construction finance software and payment technology leader. The solution gives builders and developers new construction loan management options through a cloud-based platform. The app simplifies &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/regions-bank-digitizes-homebuilder-financing-with-convenient-seamless-solution\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Regions Bank Digitizes Homebuilder Financing with Convenient, Seamless Solution&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-511810","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Regions Bank Digitizes Homebuilder Financing with Convenient, Seamless Solution - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/regions-bank-digitizes-homebuilder-financing-with-convenient-seamless-solution\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Regions Bank Digitizes Homebuilder Financing with Convenient, Seamless Solution - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Regions Bank Digitizes Homebuilder Financing with Convenient, Seamless Solution Collaboration between Regions and Built empowers clients and makes banking easier. BIRMINGHAM, Ala.&#8211;(BUSINESS WIRE)&#8211;Regions Bank on Monday announced the launch of a digital solution designed to make it easier and more convenient for homebuilders and developers to utilize the construction lending process. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20210712005253\/en\/ Regions Bank operates approximately 1,400 banking offices and 2,000 ATMs across the Southeast, the Midwest and Texas. (Photo: Business Wire) The centralized, digital solution is offered by Regions in collaboration with Built, a construction finance software and payment technology leader. The solution gives builders and developers new construction loan management options through a cloud-based platform. 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BIRMINGHAM, Ala.&#8211;(BUSINESS WIRE)&#8211;Regions Bank on Monday announced the launch of a digital solution designed to make it easier and more convenient for homebuilders and developers to utilize the construction lending process. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20210712005253\/en\/ Regions Bank operates approximately 1,400 banking offices and 2,000 ATMs across the Southeast, the Midwest and Texas. (Photo: Business Wire) The centralized, digital solution is offered by Regions in collaboration with Built, a construction finance software and payment technology leader. The solution gives builders and developers new construction loan management options through a cloud-based platform. 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