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.
Scott Sohr functions as an entrepreneur with over three decades of experience. By applying his expertise in multiple sectors including real estate investment, healthcare, administration, and engineering materials, Scott Sohr has been instrumental in setting up various new business ventures. Apart from his involvement in many organizations, he also serves as chairman of Built Technologies, Inc.
Incorporated about three years ago, Built Technologies serves as an information technology and service-oriented company based in Nashville, Tennessee. It is an enterprise technology company with the primary motive of facilitating effective and efficient online management of construction lending to minimize risk and ensure transparency in construction portfolios. The company produces collaboration and administrative software and applications targeted towards construction lenders, pledgers, builders, and auditors that have become the industry standard.
With the slogan of delivering immediate value to your operation, Built Technologies’ clients have on average about three to five base points (bps) additional interest income per loan and an average return of $2.00 to $2.50 per dollar invested in the company. In acknowledgment of its performance, the company has been awarded on many occasions, including its recent selection as one of the finalists of the FinXTech Awards.