During the course of a successful career as an entrepreneur and business executive, Scott Sohr has founded and managed companies in a variety of sectors, including finance, real estate, and technology. In addition to his work as president of STS Ventures, Scott Sohr functions as the chairman of Built Technologies, an online platform that connects construction-industry professionals.
Via Built Technologies, borrowers and builders can request services, such as draws and inspections, and gain access to professionals quickly. The service offers real-time project management, thus cutting down on paperwork, and allows users to automate tasks and create in-depth reports while ensuring compliance with industry standards.
To date, Built Technologies has processed over $3.45 billion in loans while helping users lower portfolio risk and increase profitability. Beyond this, the application helps lenders attract and keep reliable borrowers while ensuring full transparency in all dealings, thus inspiring confidence in all stakeholders.
In practical terms, Built Technologies provides a return of between $2 and $2.50 for every $1 spent on the platform and increases the user’s administrative capacity two or three times over.