Real Estate Insurance Workflow Automation Service Development
Highlights
Unlocking fast leasing opportunities
coherent 100% automated leasing routine
Human staff workload reduction
Sleek refactored code & new functionality
USA
- 1.5 years
Tech revamp to boost leasing opportunities for the client
TheGuarantors is a New York-based fintech business focused on building innovative insurance and accounting solutions for commercial and residential real estate companies and tenants.
The client’s business revolved around overcoming domain-specific niche challenges. Namely, they were looking to stimulate the rental market growth by guaranteeing leases for those who don’t meet certain financial standards regarding income level or credit history.
Aiming at unlocking more leasing opportunities for a wider audience at a short period, the client required an efficient platform to automate lease guarantee and deposit replacement routines. The service they had in place didn’t live up to their performance demands, so the client needed a reliable contractor to entrust the sophisticated tech revamping project.
With custom insurance software solutions development being Symfa’s strong suit, the team made it to win over the client’s favor by demonstrating its core expertise within the specified area.
Prototyping phase & speedy market entry
Symfa came up with an easily implementable and affordable solution to speed up the project’s time-to-market and enhance the product’s overall time efficiency.
Tech improvements behind a lightning-fast resolution process
Solution summary
System Overview
The team helped build a custom web platform that facilitates client resolution process, reduces human staff workload, and mitigates the risks for landlords while assisting renters to access sensible accommodation opportunities.
Key value for business
To automate leasing applications turnaround, the service offers the potential residents to get qualified by filling in a simple form and attaching the required docs. The procedure takes a few minutes, with resolution coming in as little as half an hour.
Technologies
$250M deposits replaced in a year with zero paperwork
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