New Partnership Offers Payment Efficiencies and Digital Lien Waiver Management
Fruitland, ID: Today, Sekady announced a new partnership with Fidelity National Title Insurance Company, a national leader in title insurance, underwriting, escrow, and closing services to real estate professionals and consumers. This partnership will provide flexible and convenient payment options to Construction Subcontractors while Home Builders access a centralized disbursement platform that offers full project management capabilities.
The new partnership offers efficiencies for Fidelity’s Builder Services Team through increased controls over payment disbursements, visibility into project statuses, budget-tracking and digital lien waiver collection, and digital payments to Subcontractors. The partnership extends those efficiencies to General and Subcontractors in reducing the manual processes involved in payments and lien waiver processes.
“To say that what Sekady has been able to create is an industry-changer is an understatement” says Phil Archer, VP – Manager at Fidelity National Title, “Finally, a company that is equally innovative in providing service solutions to our customers. Sekady has found a way to reinvent a process that many in our industry deem to be archaic at best. Their portal is intuitive and easy for our team to use so we can continue to support our builders in their busiest season ever. If you haven’t seen their product demonstration, take a moment and reach out as it will make your process easier.”
The benefits of this new partnership include:
- Increased project visibility and controlled payment disbursements for
Builder Services Teams within Title Companies.
- Vastly reduced manual workflows within the lien waiver and payment processes for Home Builders.
- Elimination of paper checks. All payments to Subcontractors, Trade Partners, and Vendors are digital, with expedited payment options.
“We are extremely excited to work with Fidelity National Title to provide our common customers fast, secure payments and digital lien waiver capabilities,” says Thayne Boren, President of Sekady. “General contractors, sub-contractors, trade partners, and vendors can now enjoy the benefits of direct-deposit disbursements, payment visibility, and payment statuses on demand.”
About Sekady: Sekady is a software solutions provider offering accounts payable and payment automation services, project management, and Construction Lending for the Residential Construction Industry.
Partnering with Title Companies, Banks, General Contractors and Subcontractors, Sekady provides efficiencies for all parties through technology.
About Fidelity National Title Insurance Company: Through its nationwide network of direct operations and agents, FNTIC provides title insurance, underwriting, escrow, and closing services to residential, commercial, and industrial clients, lenders, developers, attorneys, real estate professionals, and consumers.