Will Mitchell

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Will Mitchell is the co-founder and CEO of Contract Simply and the inventor of Light Breeze. He has an undergrad from the University of Virginia and an MBA from the University of Texas in Austin.
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Recent Posts

2018 Year In Review

Posted by Will Mitchell on 12/21/18 1:39 PM

 

When 2018 started, we had five people in a small co-working office in North Austin. We had hired our second engineer only about a month earlier and had just recruited our third engineer to start in a few weeks.

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Topics: Insider

Fractional Ownership is Bad for the US Retail Investor

Posted by Will Mitchell on 6/28/18 6:24 PM

At the CRETech Conference last week, Brad Griewe of Fifth Wall Ventures and Josh Stein of Harbor discussed the three main benefits of fractional ownership of real estate being:

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Contract Simply Product Demo Video

Posted by Will Mitchell on 6/20/18 11:38 AM

Curious to see what machine learning in banking looks like for construction lenders and borrowers? We were too, so we built technology that combines AI and machine learning to change the face of construction loan management forever.

By connecting the dots between budgets, invoices, and lien releases, Contract Simply can help predict future issues and confirm everything is on track in minutes instead of days.

Seeing is believing! Check out the video below and afterward we'll set up a time to show you how it works with your draw documents.

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Topics: Trends in Construction Loan Software, Construction Loan Management, Draw Application Processing, Machine Learning in Banking

Draw Processing: Why Lenders and Borrowers Disagree

Posted by Will Mitchell on 3/15/18 2:41 PM

Lenders want to release a draw request as quickly as possible. Why? Because a construction loan does not start accruing interest until the funds are disbursed. On the other side, the borrowers want money to pay vendors and contractors as quickly as possible. Everyone has the same incentive - to approve a draw request as quickly as possible. And everyone benefits from faster payments.

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Topics: Construction Draw Process

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Helpful Resources

Contract Simply Construction Payments Report 2018

Contract Simply Kickstart Guide to Construction Loan Software

White Paper - Future-Proof Your Construction Lending Program from Contract Simply

Contract Simply Infographic on Construction Loan Administration

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