Listing a third-party Lender on a claim check has adverse effects on the Policyholder experience, the Contractor’s ability to build at speed and the Insurance Carrier’s expenses.
Persistent issues in property claims stem from outdated, time-consuming processes. When a Lender is included on a claims payment, a number of consequences occur:
23% of checks are re-issued due to wrong Lender information
Claims cycles take 8+ weeks longer
Additional Living Expenses and Business Interruption severity increase by 19%
Mechanic liens on properties increase by 9%
Welcome to the purpose-built future — sureti will take it from here.
sureti is proud to have earned the trust of Restorers, Policyholders, Insurance Carriers and Mortgage Lenders from across North America.
Policyholder
sureti was able to cut out all the confusion for when and how funds would be received for our project. The team did a great job of keeping us up to date through the message board in the sureti app.
VP Operations at ATI
The sureti team have brought a new level of support and execution ATI and our customers didn’t know we needed. Their ability to navigate through the mortgage process within the property insurance claims environment has been a tremendous help.
It enabled our sales and production teams to focus on what they do best, while providing the confidence that the money provided for the claim and held by the mortgage company is being managed professionally and properly.
sureti’s communication and transparency through the process has been top notch. Our job management and financial teams have a clear understanding of where the dollars are and how to effectively request draws. We now have a clear understanding of how we can expect to collect the funds for our projects before, during, and after the work is completed.
Thank you to the sureti team!
Project Director at ATI
The entire insurance claim check process is painful for myself and my clients and it’s even more difficult when a mortgage lender is involved, sureti has done a great job helping my clients with every step and making sure my team is paid in full for their hard work.
SVP at Allied Restoration
We recently implemented sureti for our accounting team and have been impressed.
1. The onboarding has been seamless and the team has been largely available to assist with any small questions or follow ups we’ve had.
2. The problem they’re solving is ambitious and they are working rapidly to evolve their solution.
3. The owner personally reached out to me for valuable feedback as they grow.
4. The User Interface is very seamless and well thought out and developed. We’re very optimistic for their future and grateful for them today.
Have a question? Send us a message and a member of our team will be in contact with you soon.
