U.S. Bank has partnered with Built, a platform for real estate and construction finance, to enhance the mortgage experience for customers building new homes, according to a company statement.

The partnership integrates Built's platform into both consumer mortgage and commercial lending operations at U.S. Bank. The system connects borrowers, the bank, and builders on a single platform to manage construction financing.

For consumer mortgage clients, U.S. Bank activates projects within Built after originating construction loans. Borrowers receive access to manage draws, inspections, and communication throughout the construction process through the cloud-based platform.

Commercial real estate clients can request draws and inspections directly through the Built platform and receive automated email notifications during the loan lifecycle, subject to bank discretion.

"We are constantly looking for ways to improve the home lending experience for our customers," said John Hummel, Head of Retail Home Lending at U.S. Bank. "Built allows us to process draws faster, keep everyone informed, and make what can be a stressful process, simpler and more predictable."

The bank states the platform can improve draw times by up to 70% and provides real-time access to budgets, inspection reports, and project updates. Built's system handles the full lifecycle of construction loans, including budgeting, inspections, draw requests, and disbursements.

U.S. Bank is the parent company of U.S. Bank National Association and ranks as the fifth-largest commercial bank in the United States. Built serves more than 625 banks, lenders, owners, and contractors managing over $350 billion in real estate and construction activity annually.