Author Archives: Matic Insurance Services

Matic named to InsurTech100 list of the world’s top insurance technology providers

COLUMBUS, Ohio /ScoopCloud/ -- Matic, a fully licensed digital insurance agency that partners with mortgage servicers and originators to sell insurance products to borrowers, has been named to FinTech Global's InsurTech100. The annual awards program, now in its second year, recognizes the pioneering tech firms leading today's global insurance industry.

A panel of industry experts selected Matic from a field of more than 1,000 insurtech companies curated by data and research firm Fintech Global. Matic was recognized for helping mortgage lenders and servicers tackle the challenge of integrating homeowners insurance into the mortgage process. Its proprietary technology condenses the timeframe required to compare and purchase policies from an average of two to three days to about two to three minutes, greatly speeding up loan transactions and helping mortgage customers save money.

"Matic provides the missing link between insurance carriers and mortgage companies, adding considerable value for both parties - and their customers - along the way," said Matic CEO Ben Madick. "Carriers can leverage Matic to deliver a quality-focused online bind experience that decreases claims ratios and underwriting risk, while mortgage lenders and servicers can 'wow' customers by making it simpler than ever before to compare and purchase the homeowners insurance required for a home loan. We're honored to be recognized among this esteemed list of companies transforming the insurance industry through technology."

"The insurtech industry has seen huge growth in the last two years as insurance companies grapple with the challenges of digital transformation and new demands from customers," stated Fintech Global in a press release. "Nearly $10 billion has been invested in insurtech companies since the beginning of 2017."
A full list of the InsurTech 100 can be found at https://fintech.global/insurtech100/.

About Matic

Matic is a digital homeowners insurance marketplace built for mortgage servicers and lenders. Matic's proprietary technology analyzes data from loan origination and servicing software to give homebuyers multiple policy options within seconds - without any manual data entry or lengthy questionnaires. With more than 20 A-rated carrier partners and industry-leading customer service ratings, Matic helps loan officers close deals faster and enables mortgage servicers to delight customers with an average of $617 per year in unexpected savings.

For more information, visit https://matic.com or follow Matic on LinkedIn.

News from Matic Insurance Services

Matic, a fully licensed digital insurance agency that partners with mortgage servicers and originators to sell insurance products to borrowers, has been named to FinTech Global's InsurTech100. The annual awards program, now in its second year, recognizes the pioneering tech firms leading today's global insurance industry.

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This version of news story was published on ScoopCloud™ (ScoopCloud.com) - part of and © the Neotrope® News Network - all rights reserved.

Matic Makes HousingWire’s List of Top Mortgage Tech Companies for Second Year in a Row

COLUMBUS, Ohio /ScoopCloud/ -- Digital insurance agency Matic has been named to HousingWire's HW TECH100(TM) list of the top housing technology companies in the United States. The annual awards program, now in its sixth year, recognizes the most innovative tech firms in the real estate and mortgage finance sector.

Matic was recognized for its digital homeowners insurance marketplace, which helps lenders and servicers integrate homeowners insurance into the mortgage process. Matic's proprietary technology reduces the time it takes to compare and purchase policies from an average of two to three days to about two to three minutes, greatly speeding up loan transactions and helping mortgage customers save money.

"These companies hold the most innovative and impactful technology in mortgage finance and continue to move markets forward with their new innovations," said HousingWire Associate Editor Kelsey Ramírez. "The future is bright for the mortgage industry, and it's because these companies continue to push the edge of what is possible."

"Matic adds value for originators, servicers and borrowers by making homeowners insurance an integrated part of the mortgage process," said Matic CEO Ben Madick. "Since making our debut on HousingWire's Tech100 list last year, we've built on our industry-leading offering by adding new tools for loan officers and expanding our lender, servicer and carrier partnerships. It's an honor to be recognized again this year for our continued commitment to innovation."

About Matic:

Matic is a digital homeowners insurance marketplace built for mortgage servicers and lenders. Matic's proprietary technology analyzes data from loan origination and servicing software to give homebuyers multiple policy options within seconds - without any manual data entry or lengthy questionnaires. With more than 20 A-rated carrier partners and industry-leading customer service ratings, Matic helps loan officers close deals faster and enables mortgage servicers to delight customers with an average of $617 per year in unexpected savings. For more information, visit https://matic.com or follow Matic on LinkedIn.

About HousingWire:

HousingWire is the nation's most influential source of news and information for U.S. mortgage markets, boasting a readership that spans lending, servicing, investments and real estate market participants as well as financial market professionals. Winner of numerous awards, including a 2012 Eddie Award for national editorial excellence in B-to-B Banking/Business/Finance, HousingWire has been recognized for excellence in journalism by the Society of Business Editors and Writers, the American Society of Business Press Editors, the National Association of Real Estate Editors, and Trade Association Business Publications International. Visit https://www.HousingWire.com to learn more.

Twitter: @maticinsurance @HousingWire #2019HWTECH100

News from Matic Insurance Services

Digital insurance agency Matic has been named to HousingWire's HW TECH100(TM) list of the top housing technology companies in the United States. The annual awards program, now in its sixth year, recognizes the most innovative tech firms in the real estate and mortgage finance sector.

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This version of news story was published on ScoopCloud™ (ScoopCloud.com) - part of and © the Neotrope® News Network - all rights reserved.

Home Point Financial Partners with Matic to Offer Customers Lowest Market Rates on Homeowners Insurance

COLUMBUS, Ohio /ScoopCloud/ -- Digital insurance agency Matic announced today that it has partnered with Home Point Financial Corporation ("Home Point"), a national, mortgage originator and servicer, to help its mortgage servicing customers find competitively priced homeowners insurance.

Through the partnership, Matic will proactively analyze Home Point customers' current homeowners insurance coverage and identify individuals who could save money simply by switching to a different A-rated insurance carrier. Because Matic instantly shops for real-time rates with more than a dozen carriers, it can save homeowners an average of $517 on annual premiums.

"At Home Point, we value the relationship we have with our customers," said Home Point COO Brian Brizard. "We constantly seek ways to improve their lives and their finances. Our partnership with Matic gives Home Point customers access to a fast and efficient way to insure their home with confidence."

"Integrating homeowners insurance into the mortgage loan process is a win-win for Home Point's customers," said Matic Co-founder and CEO Ben Madick. "Matic helps Home Point stay connected with its customers in the best possible way - by providing a quick and potentially cost-saving way to find the right homeowners coverage for their mortgage loan."

About Matic:
Matic is a digital homeowners insurance marketplace built for mortgage servicers and lenders. Matic's proprietary technology analyzes data from loan origination and servicing software to give homebuyers multiple policy options within seconds - without any manual data entry or lengthy questionnaires. With more than 20 A-rated carrier partners and industry-leading customer service ratings, Matic helps loan officers close deals faster and enables mortgage servicers to delight customers with an average of $517 in unexpected savings. For more information, visit https://matic.com or follow Matic on LinkedIn.

About Home Point Financial:
Home Point Financial is a national mortgage originator and servicer. With the goal of providing a superior customer experience, Home Point has an innovative approach to lending, focusing on speed, quality and consistency for customers and partners. Home Point's operating philosophy is defined by the simple but very impactful statement - "We Care."

Located in Ann Arbor, MI, Home Point Financial is a subsidiary of Home Point Capital LP, a financial services holding company founded in 2014 and owned by members of management and by investment funds managed by Stone Point Capital LLC. For further information about Home Point Financial, please visit https://www.homepointfinancial.com.

Twitter: @maticinsurance @HomePointLoans #HOI #homeownersinsurance #mortgageservicing

News from Matic Insurance Services

Digital insurance agency Matic announced today that it has partnered with Home Point Financial Corporation ("Home Point"), a national, mortgage originator and servicer, to help its mortgage servicing customers find competitively priced homeowners insurance.

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This version of news story was published on ScoopCloud™ (ScoopCloud.com) - part of and © the Neotrope® News Network - all rights reserved.

Matic Obtains SOC 2 Type II Certification

COLUMBUS, Ohio /ScoopCloud/ -- Matic, the digital homeowners insurance marketplace built for mortgage servicers and lenders, announced that it has successfully completed a Service Organization Control (SOC) 2 Type II audit. Conducted by IS Partners, LLC, a globally recognized certified public accounting firm, the audit verifies that Matic's information security practices, policies, procedures and operations meet the SOC 2 standards for effectively protecting sensitive client data.

The SOC 2 Type II certification obtained by Matic verifies that the company's internal security, privacy, confidentiality, availability and processing integrity have been established and effectively executed over an extended period of time. The audit report serves as an endorsement that Matic's information privacy controls are appropriately designed to safeguard the data of its highly regulated mortgage industry clients.

"Matic is deeply empathetic to our clients' need to protect homeowners' sensitive data and comply with the complex regulatory standards governing their operations," said Shaz Kojouri, VP of Legal and Compliance, Matic. "By meeting the industry's most rigorous standards as certified by a third-party auditing firm, Matic is demonstrating our commitment to being responsible stewards of the data entrusted to us by mortgage servicers and lenders."

A licensed insurance agency in all 50 states, Matic also meets all requirements of the Real Estate Settlement Procedures Act (RESPA) and the Unfair, Deceptive or Abusive Acts or Practices Act (UDAAP).

About Matic:

Matic is a digital homeowners insurance marketplace built for mortgage servicers and lenders. Matic's proprietary technology analyzes data from loan origination and servicing software to give homebuyers multiple policy options within seconds - without any manual data entry or lengthy questionnaires. With more than 20 A-rated carrier partners and industry-leading customer service ratings, Matic helps loan officers close deals faster and enables mortgage servicers to delight customers with an average of $517 in unexpected savings.

For more information, visit https://matic.com/.

You can also follow Matic on LinkedIn at: https://www.linkedin.com/company/matic-insurance-services-inc/

Twitter: @maticinsurance #homeownersinsurance #HOI #digitalmortgage #homeownership #mortgageservicing

News from Matic Insurance Services

Matic, the digital homeowners insurance marketplace built for mortgage servicers and lenders, announced that it has successfully completed a Service Organization Control (SOC) 2 Type II audit. Conducted by IS Partners, LLC, a globally recognized certified public accounting firm, the audit verifies that Matic's information security practices.

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This version of news story was published on ScoopCloud™ (ScoopCloud.com) - part of and © the Neotrope® News Network - all rights reserved.

Matic Helps Servicers Shave Nearly 6-percent Off Homeowners’ Monthly Mortgage Costs in 2018

COLUMBUS, Ohio /ScoopCloud/ -- Matic, the digital homeowners insurance marketplace built for mortgage servicers and lenders, reduced homeowners' monthly mortgage costs an average of 5.5 percent in 2018 by delivering average per-household homeowners insurance savings of $517. The announcement comes on the heels of a year marked by rapid growth for Matic, which helped homeowners identify $124 million in savings over the course of quoting homeowners insurance for over $180 billion worth of residential real estate.

Matic works with mortgage servicers to uncover opportunities to upgrade consumers to better coverage or lower premiums from more than a dozen top-rated insurance carriers. The company also works with mortgage lenders to simplify homeowners insurance for consumers in the process of buying a home.

"Matic's ability to automatically identify mortgage holders eligible for reduced homeowners insurance premiums has been an exceptional value add for mortgage servicers, who have struggled with the twin imperatives of delivering customer service excellence and growing revenue in a thin-margin business," said Matic Founder and CEO Ben Madick. "In 2018, we've lowered annual HOI premiums an average of $517 per household, empowering servicers to build positive customer relationships while compliantly generating commission income."

Over the course of the year, Matic onboarded several new mortgage servicer and lender customers, including RoundPoint Mortgage Servicing Corporation); announced a new integration with mortgage technology platform Mortgage Hippo; and expanded its marketplace of top-rated insurance carriers.

Matic and its leadership team received numerous accolades for technological innovation in 2018. Madick was named to National Mortgage Professional magazine's list of the 40 most influential mortgage professionals under 40 as well as Mortgage Professional America's Hot 100 list of industry visionaries. HousingWire recognized the company as a top mortgage technology innovator with its HW TECH100(TM) award and honored company co-founder Aaron Schiff with its HW Rising Star(TM) award.

Matic added more than 41 employees in 2018 and continues to build an award-winning workplace culture that maintains an average Net Promoter Score of 82. The firm was recognized by Columbus Business First as one of Central Ohio's Best Places to Work following its April move to Miranova Corporate Tower in the heart of downtown Columbus. In May, Matic received the 2018 Spark Award for entrepreneurship from the Better Business Bureau of Central Ohio.

About Matic:

Matic is a technology-driven insurance agency focused on helping lenders and loan officers better integrate homeowner's insurance into the lending process. By using loan application information and first-of-its-kind technology, Matic provides homebuyers multiple policy options within seconds, helping loan officers close their loans faster. Matic delivers the most trusted, affordable insurance policies available thanks to its partnerships with a diverse network of insurance carriers. Today's borrowers expect a digital home-buying experience, and Matic gives them the digital insurance experience to match.

For more information, visit https://matic.com/ or follow Matic on LinkedIn.


Twitter: @maticinsurance #homeownersinsurance #HOI #digitalmortgage #homeownership #mortgageservicing

News from Matic Insurance Services

Matic, the digital homeowners insurance marketplace built for mortgage servicers and lenders, reduced homeowners' monthly mortgage costs an average of 5.5 percent in 2018 by delivering average per-household homeowners insurance savings of $517. The announcement comes on the heels of a year marked by rapid growth for Matic, which helped homeowners identify $124 million in savings over the course of quoting homeowners insurance for over $180 billion worth of residential real estate.

Related link:

This version of news story was published on ScoopCloud™ (ScoopCloud.com) - part of and © the Neotrope® News Network - all rights reserved.

Digital insurance agency Matic named a Central Ohio ‘Best Place to Work’ by Columbus Business First

COLUMBUS, Ohio /ScoopCloud/ -- Matic, a digital insurance agency whose technology enables borrowers to purchase homeowner's insurance during the mortgage transaction, has been named one of Central Ohio's top employers by Columbus Business First.

Columbus Business First's 'Best Places to Work' program has highlighted top workplaces in Central Ohio since 2005. Of the more than 200 nominations received this year, 50 honorees were selected through workplace satisfaction surveys administered independently by Omaha, Nebraska-based Quantum Workplace.

2018 has been a year of aggressive growth for Matic, which expanded its Columbus operations center with an April move to the Miranova Place office complex and has added more than a dozen new team members since the beginning of the year.

Matic's achievement was honored at an awards luncheon on Tuesday at the downtown Columbus Hyatt Regency hotel. A full list of 2018 honorees and their rankings was published in Columbus Business First.

"It's an incredible honor to be recognized by our team members as a great employer," said Jeffrey Snyder, vice president, Matic. "Our business mission is to simplify the homeowners insurance process, but we're just as devoted to building a thriving culture where people feel valued and are excited to come to work each day."

About Matic:

Matic is a technology-driven insurance agency focused on helping lenders and loan officers better integrate homeowner's insurance into the lending process. By using loan application information and first-of-its-kind technology, Matic provides homebuyers multiple policy options within seconds, helping loan officers close their loans faster. Matic delivers the most trusted, affordable insurance policies available thanks to its partnerships with a diverse network of insurance carriers. Today's borrowers expect a digital home-buying experience, and Matic gives them the digital insurance experience to match.

For more information, visit https://matic.com/ or follow Matic on LinkedIn.

News from Matic Insurance Services

Matic, a digital insurance agency whose technology enables borrowers to purchase homeowner's insurance during the mortgage transaction, has been named one of Central Ohio's top employers by Columbus Business First.

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This version of news story was published on ScoopCloud™ (ScoopCloud.com) - part of and © the Neotrope® News Network - all rights reserved.

Matic CEO Aaron Schiff Named 2018 HousingWire Rising Star

SHERMAN OAKS, Calif. /ScoopCloud/ -- Matic, a digital insurance agency whose technology enables borrowers to purchase homeowner's insurance during the mortgage transaction, announced today that company co-founder and CEO Aaron Schiff has been recognized as a HousingWire Rising Star.

Now in its fifth year, the HousingWire Rising Stars program honors mortgage industry leaders and innovators under the age of 40. Schiff was profiled in the June 2018 issue of HousingWire magazine alongside other young mortgage and housing luminaries recognized by the publication.

"This year's Rising Stars list represents the only independent award for young professionals in the mortgage space," said Jacob Gaffney, editor-in-chief of HousingWire. "It's a comprehensive snapshot of who's who in our business and the most impressive list to date."

Schiff was recognized for his role in launching Matic and for steering the young company to become the leader in mortgage and servicer distribution of homeowner's insurance. By pulling borrower and property data directly from lender and servicer systems, Matic automatically runs the purchaser's coverage needs against available policies, delivering homeowners a competitive quote within minutes.

"The Matic vision is to make purchasing homeowner's insurance easy, which in turn helps lenders close loans faster and reduce origination costs," said Schiff. "I'm grateful to work with a talented team that shares my commitment to revolutionizing this important component of the digital mortgage process."

For a full list of winners, visit https://www.housingwire.com/articles/43468-housingwires-class-of-2018-rising-stars.

About Matic:

Matic is a technology-driven insurance agency focused on helping lenders and loan officers better integrate homeowner's insurance into the lending process. By using loan application information and first-of-its-kind technology, Matic provides homebuyers multiple policy options within seconds, helping loan officers close their loans faster. Matic delivers the most trusted, affordable insurance policies available thanks to its partnerships with a diverse network of insurance carriers. Today's borrowers expect a digital home-buying experience, and Matic gives them the digital insurance experience to match.

For more information, visit http://matic.com or follow Matic on LinkedIn.

About HousingWire:

HousingWire is the nation's most influential source of news and information for U.S. mortgage markets, boasting a readership that spans lending, servicing, investments and real estate market participants as well as financial market professionals. Winner of numerous awards, including a 2012 Eddie Award for national editorial excellence in the B-to-B Banking/Business/Finance, HousingWire has been recognized for excellence in journalism by the Society of Business Editors and Writers, the American Society of Business Press Editors, the National Association of Real Estate Editors, and Trade Association Business Publications International.

Learn more at http://www.housingwire.com.

News from Matic Insurance Services

Matic, a digital insurance agency whose technology enables borrowers to purchase homeowner's insurance during the mortgage transaction, announced today that company co-founder and CEO Aaron Schiff has been recognized as a HousingWire Rising Star.

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This version of news story was published on ScoopCloud™ (ScoopCloud.com) - part of and © the Neotrope® News Network - all rights reserved.

Matic Marks Commitment to Compliance with Appointment of Shaz Kojouri to Senior Management Team

SHERMAN OAKS, Calif. /ScoopCloud/ -- Matic, a digital insurance agency whose technology enables borrowers to purchase homeowner's insurance during the mortgage transaction, today announced it has tapped Shahrzad "Shaz" Kojouri as vice president of legal and compliance.

A licensed attorney with more than 15 years' experience in corporate compliance, Kojouri will have responsibility over corporate governance, regulatory compliance and vendor management at Matic. Prior to joining Matic, Kojouri was assistant general counsel for nonprofit student loan provider AccessLex Institute.

Before that, Kojouri oversaw regulatory compliance testing and Consumer Finance Protection Bureau (CFPB) readiness for national mortgage lender New Penn Financial. She first joined New Penn in 2009, in the immediate aftermath of the subprime mortgage crisis, and guided the lender through a time of intense regulatory change.

"Matic's strategic partners count on us to hold ourselves to the highest standards in regulatory compliance and corporate governance, and we take that commitment very seriously," said Matic CEO Aaron Schiff. "We welcome Shaz to the team and look forward to working with her to deliver an even higher level of compliance assurance to our customers."

"Spending much of the last 10 years inside a top national lender has allowed me to bring a thorough and nuanced understanding of mortgage regulations to my work with Matic," said Kojouri, who officially joined in the Matic team in January. "I look forward to helping Matic and its clients navigate these complex regulations with confidence."

About Matic:

Matic is a technology-driven insurance agency focused on helping lenders and loan officers better integrate homeowner's insurance into the lending process. By using loan application information and first-of-its-kind technology, Matic provides homebuyers multiple policy options within seconds, helping loan officers close their loans faster. Matic delivers the most trusted, affordable insurance policies available thanks to its partnerships with a diverse network of insurance carriers. Today's borrowers expect a digital home-buying experience, and Matic gives them the digital insurance experience to match.

For more information, visit http://matic.com or follow Matic on LinkedIn.

News from Matic Insurance Services

Matic, a digital insurance agency whose technology enables borrowers to purchase homeowner's insurance during the mortgage transaction, today announced it has tapped Shahrzad "Shaz" Kojouri as VP of legal and compliance. Prior to joining Matic, Kojouri was assistant general counsel for nonprofit student loan provider AccessLex Institute.

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This version of news story was published on ScoopCloud™ (ScoopCloud.com) - part of and © the Neotrope® News Network - all rights reserved.

HousingWire Honors Matic as Top Innovator in Housing Tech

SHERMAN OAKS, Calif. /ScoopCloud/ -- SHERMAN OAKS, Calif., April 4, 2018 (SEND2PRESS NEWSWIRE) -- Matic, a fintech company whose technology enables borrowers to purchase homeowner's insurance during the mortgage transaction, today announced it has been named to HousingWire's 2018 Tech100 list of the most innovative tech providers in the housing industry.

Los Angeles-based Matic, which recently announced plans to add 50 jobs to its regional office in Columbus, Ohio, was recognized for its groundbreaking technology that gives loan officers, mortgage servicers and borrowers on-demand access to a digital homeowner's insurance marketplace.

Matic analyzes borrower and property data from the mortgage loan origination system to calculate the amount of coverage needed, then makes more than a dozen A-rated carriers bid on the policy. Securing a policy with Matic takes seconds instead of days, improving the borrower experience and helping lenders close more loans in less time and at a lower cost. Matic also works with real estate portals and mortgage servicers to help their customers find the best policy at a competitive price.

"Matic works with companies across the housing ecosystem - from real estate agents to mortgage originators to mortgage servicers - to transform homeowner's insurance into an integrated part of the mortgage process," said Matic CEO Aaron Schiff. "We are honored to be named among HousingWire's Tech100, which similarly spans the entire housing economy and recognizes the pioneering companies that are ushering in our industry's future."

The fifth annual HW Tech100(TM) recognizes leading innovators in U.S. real estate, mortgage lending, mortgage servicing and investment technology. HousingWire received hundreds of applicants for this year's program. Of the 100 companies selected by HousingWire, more than half - including Matic - are new to the list in 2018.

"Companies in the 2018 Tech100 represent the leading edge of solutions and services that will propel mortgage companies toward success," said HousingWire Magazine Editor Sarah Wheeler.

For a full list of honorees, see the April issue of HousingWire magazine or visit https://www.housingwire.com/articles/42985-the-2018-hw-tech100.

About Matic:
Matic is a technology-driven insurance agency focused on helping lenders and loan officers better integrate homeowner's insurance into the lending process. By using loan application information and first-of-its-kind technology, Matic provides homebuyers multiple policy options within seconds, helping loan officers close their loans faster. Matic delivers the most trusted, affordable insurance policies available thanks to its partnerships with a diverse network of insurance carriers. Today's borrowers expect a digital home-buying experience, and Matic gives them the digital insurance experience to match. For more information, visit https://matic.com/ or follow Matic on LinkedIn.

About HousingWire:
HousingWire is the nation's most influential source of news and information for U.S. mortgage markets, boasting a readership that spans lending, servicing, investments and real estate market participants as well as financial market professionals. Winner of numerous awards, including a 2012 Eddie Award for national editorial excellence in the B-to-B Banking/Business/Finance, HousingWire has been recognized for excellence in journalism by the Society of Business Editors and Writers, the American Society of Business Press Editors, the National Association of Real Estate Editors, and Trade Association Business Publications International.

Learn more at https://www.housingwire.com/.

@maticinsurance @HousingWire #2018HWTech100

News from Matic Insurance Services

Matic, a fintech company whose technology enables borrowers to purchase homeowner's insurance during the mortgage transaction, today announced it has been named to HousingWire's 2018 Tech100 list of the most innovative tech providers in the housing industry.

Related link:

This version of news story was published on ScoopCloud™ (ScoopCloud.com) - part of and © the Neotrope® News Network - all rights reserved.

MortgageHippo Picks Matic for Integrated Homeowner’s Insurance That Helps Lenders and Consumers Save Money

SHERMAN OAKS, Calif. /ScoopCloud/ -- Matic, a digital insurance agency whose technology enables borrowers to purchase homeowner's insurance during the mortgage transaction, today announced the availability of its one-click "get quote" button within MortgageHippo, a cloud-based digital mortgage platform that guides consumers through a modern, lender-branded borrowing experience.

By integrating with Matic, MortgageHippo makes it easy for borrowers to secure the homeowner's insurance required for a residential mortgage loan closing at a competitive price. Matic uses loan and property data furnished by MortgageHippo to determine precisely how much coverage is needed, then scans the market to compare policies from multiple top-rated carriers.

"Consumers want suitable homeowner's insurance at a fair price - but comparison shopping is difficult and time-consuming," said Ben Madick, COO of Matic. "Meanwhile, it takes loan processors about an hour of effort and a day or two in turnaround time per loan to verify a policy and update the closing disclosure. Matic eliminates the pain on both sides of the equation. Borrowers get a great policy at a great price, and lenders improve their bottom line by compressing a two-day process into two minutes."

"Matic delivers an exceptional consumer experience and gives mortgage lenders a real edge when it comes to lending efficiency and borrower conversion," said Valentin Saportas, CEO of MortgageHippo. "We're proud to partner with a company that exemplifies MortgageHippo's commitment to helping top-producing loan teams future-proof their organizations with early access to the best tech solutions in today's market."

MortgageHippo customers who are interested in enabling Matic can reach out to their account manager to turn on the integration.

About Matic:

Matic is a technology-driven insurance agency focused on helping lenders and loan officers better integrate homeowner's insurance into the lending process. By using loan application information and first-of-its-kind technology, Matic provides homebuyers multiple policy options within seconds, helping loan officers close their loans faster. Matic delivers the most trusted, affordable insurance policies available thanks to its partnerships with a diverse network of insurance carriers. Today's borrowers expect a digital home-buying experience, and Matic gives them the digital insurance experience to match. For more information, visit http://matic.com or follow Matic on LinkedIn.

About MortgageHippo:

MortgageHippo works with lenders to devise and implement their digital mortgage strategies using its borrower-centric digital lending platform. The MortgageHippo platform allows lenders to deliver a modern borrowing experience, improve borrower conversions, significantly reduce origination costs and integrate with other innovative technologies. MortgageHippo's platform is fully customizable to lender preferences and configurable to lenders' workflows and processes. For more, visit https://www.mortgagehippo.com.

News from Matic Insurance Services

Matic Insurance, a digital insurance agency whose technology enables borrowers to purchase homeowner's insurance during the mortgage transaction, today announced the availability of its one-click "get quote" button within MortgageHippo, a cloud-based digital mortgage platform that guides consumers through a modern, lender-branded borrowing experience.

Related link:

This version of news story was published on ScoopCloud™ (ScoopCloud.com) - part of and © the Neotrope® News Network - all rights reserved.

RoundPoint and Matic Automate Homeowner’s Insurance for Homebuyers, Mortgage Servicing Customers and RoundPoint Employees

SHERMAN OAKS, Calif. /ScoopCloud/ -- Matic, a digital insurance agency whose technology enables borrowers to purchase homeowner's insurance during the mortgage transaction, today announced a wide-ranging integration with RoundPoint Mortgage Servicing Corporation (RoundPoint), a mortgage loan originator and one of the nation's largest non-bank mortgage servicing companies. The integration will make Matic's one-click "get quote" button available to both customers and employees of RoundPoint.

RoundPoint services over $75 billion worth of mortgage assets as a fully licensed subservicer for commercial banks, credit unions, mortgage companies and hedge funds.

Now, homeowners whose mortgages are serviced by RoundPoint will be notified by Matic when they could save money by switching to a different A-rated homeowner's insurance carrier. Homeowners will also be alerted if there's an opportunity to get more coverage without an increase in premium.

"Mortgage servicers rarely get to call their customers and offer a lower escrow payment or more comprehensive insurance coverage without a premium increase - yet these are exactly the kinds of opportunities Matic will bring to RoundPoint customers every day," said Matic COO Benjamin Madick.

RoundPoint will also make Matic available to homebuyers applying for a mortgage loan through the company's retail mortgage lending division. In addition, Matic will be available to RoundPoint employees via a private-labeled web portal.

"The fact that RoundPoint is making Matic available not only to our mortgage origination and servicing customers, but also to our employees, is a testament to our enthusiasm for Matic's innovative homeowner's insurance experience," said RoundPoint CEO Kevin Brungardt.

"Matic is a key component of our Homeownership Marketplace initiative, which provides products and services that provide value, save money and enhance the overall experience for borrowers," added Brungardt. "Our long-term goal is for every customer to custom-tailor his or her own Personal Household Economy(TM) within this Marketplace. The timing is perfect as we just officially launched this effort with an overhaul of our website, customer portals and overall customer experience."

About Matic:

Matic is a technology-driven insurance agency focused on helping lenders and loan officers better integrate homeowner's insurance into the lending process. By using loan application information and first-of-its-kind technology, Matic provides homebuyers multiple policy options within seconds, helping loan officers close their loans faster.

Matic delivers the most trusted, affordable insurance policies available thanks to its partnerships with a diverse network of insurance carriers. Today's borrowers expect a digital home-buying experience, and Matic gives them the digital insurance experience to match. For more information, visit https://matic.com/ or follow Matic on LinkedIn.

About RoundPoint Mortgage Servicing Corporation:

Founded in 2007, RoundPoint is an agency and non-agency lender and servicer and a subservicer for commercial banks, credit unions, mortgage companies and hedge funds. The Charlotte, NC-based company currently services over $75 billion worth of mortgage assets, which are comprised of its own assets and loans subserviced for others. RoundPoint is licensed to service loans in all fifty states, the District of Columbia, and the U.S. Virgin Islands and is publicly rated by Fitch Ratings (RPS3+, RSS3+), Standard & Poor's (Average) and Kroll Bond Rating Agency (BB).

RoundPoint is a seller and servicer for Fannie Mae and Freddie Mac. It is an approved single family Issuer and servicer for Ginnie Mae, and maintains current MBS issuer eligibility. RoundPoint is also an approved servicer for the U.S. Department of Housing and Urban Development, the U.S. Department of Veterans Affairs and the U.S. Department of Agriculture. Lenders and investors can learn more about RoundPoint's servicing offerings by visiting roundpointexchange.com. Borrowers may visit RoundPoint's consumer website at https://www.rpmservicing.com.

News from Matic Insurance Services

Matic, a digital insurance agency whose technology enables borrowers to purchase homeowner's insurance during the mortgage transaction, today announced a wide-ranging integration with RoundPoint Mortgage Servicing Corporation, a mortgage loan originator and one of the nation's largest non-bank mortgage servicing companies. The integration will make Matic's one-click "get quote" button available to both customers and employees of RoundPoint.

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This version of news story was published on ScoopCloud™ (ScoopCloud.com) - part of and © the Neotrope® News Network - all rights reserved.

Matic Challenges U.S. Mortgage Lenders, Insurers to Help Families Achieve Affordable Housing

SHERMAN OAKS, Calif. /ScoopCloud/ -- Matic, a digital insurance agency whose technology enables borrowers to purchase homeowner's insurance during the mortgage transaction, is calling on mortgage lenders, realtors and insurance providers nationwide to support Housed & Hopeful, a public/private partnership with non-profit Mortgage Professionals Providing Hope (MPPH) that aims to house America's homeless families.

"Every year, thousands of U.S. families experience homelessness. In fact, more than 50 percent of homeless shelters nationwide are occupied by families - despite nearly a third of homeless parents having a full-time job," said Jake Vermillion, director of operations for MPPH. "That means every day, an estimated 200,000 children in the United States have no place to call home."

"Matic's corporate mission is to find a homeowner's insurance policy for every home. Now, it is our honor to partner with MPPH to help find a home for every family," said Matic CEO Aaron Schiff. "We are proud to kick off the challenge by pledging to house four families in need, and we're calling on our friends in the industry help families on the path to affordable homeownership."

For every $1,000 raised as part of the Housed & Hopeful challenge, MPPH helps one U.S. family get off the streets and into permanent housing.

To give to the Housed & Hopeful challenge, visit https://matic.causevox.com. For information about individual and corporate partnerships with MPPH, visit https://www.mpph.org.

About Matic:

Matic is a technology-driven insurance agency focused on helping lenders and loan officers better integrate homeowner's insurance into the lending process. By using loan application information and first-of-its-kind technology, Matic provides homebuyers multiple policy options within seconds, helping loan officers close their loans faster. Matic delivers the most trusted, affordable insurance policies available thanks to its partnerships with a diverse network of insurance carriers. Today's borrowers expect a digital home-buying experience, and Matic gives them the digital insurance experience to match. For more information, visit https://matic.com/ or follow Matic on LinkedIn.

About Mortgage Professionals Providing Hope:

Mortgage Professionals Providing Hope (MPPH) exists to provide mortgage companies and professionals with opportunities to help people and communities in need through sustainable aid and service projects. For more information, visit https://www.mpph.org.

@maticinsurance @mpphusa #HousedandHopeful

News from Matic Insurance Services

Matic Insurance, a digital insurance agency whose technology enables borrowers to purchase homeowner's insurance during the mortgage transaction, is calling on mortgage lenders, realtors and insurance providers nationwide to support Housed & Hopeful, a public / private partnership with non-profit Mortgage Professionals Providing Hope (MPPH) that aims to house America's homeless families.

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Mortgage Professional America Names Matic Co-Founder Ben Madick to Its Hot 100 List of Industry Visionaries

SHERMAN OAKS, Calif. /ScoopCloud/ -- Matic, a digital insurance agency whose technology enables borrowers to purchase homeowner's insurance during the mortgage transaction, announced today that company co-founder and COO Benjamin Madick has been named one of Mortgage Professional America (MPA) magazine's "Hot 100." Madick was recognized for his career-long contributions to the mortgage industry and for establishing the strategic partnerships that have fueled Matic's rapid growth.

Now in its sixth year, the "Hot 100" list is published by MPA each February. The honor recognizes 100 mortgage professionals who are shaping the landscape of the mortgage industry through their vision and innovation.

This is just one of several recent accolades for Madick, who was also named a 2017 HousingWire Vanguard Award winner and one of National Mortgage Professional magazine's 40 most influential mortgage professionals under 40.

Matic is the first company to help lenders and servicers integrate homeowner's insurance into the mortgage process. By leveraging borrower and property data from mortgage loan origination systems (LOS) and self-service digital mortgage platforms, Matic automates the process of shopping for homeowner's insurance and delivers bindable quotes in as little as 1-2 minutes. Under Madick's leadership, Matic has delivered more than 300,000 homeowner's insurance quotes in the last year alone.

"It's an honor to be recognized as one of MPA's Hot 100, particularly given this year's field of winners, which reads as a 'who's who' of mortgage industry influencers," said Madick. "Matic's success is a testament to the passion our entire team. We're not just revolutionizing the way consumers shop for homeowner's insurance; we're filling a gap in today's digital mortgage process to reduce closing times and eliminate fallout risk."

For a full rundown of 2018 MPA Hot 100 winners, visit https://www.mpamag.com/contents/e-magazine.aspx?id=91568.

About Matic:
Matic is a technology-driven insurance agency focused on helping lenders and loan officers better integrate homeowner's insurance into the lending process. By using loan application information and first-of-its-kind technology, Matic provides homebuyers multiple policy options within seconds, helping loan officers close their loans faster. Matic delivers the most trusted, affordable insurance policies available thanks to its partnerships with a diverse network of insurance carriers. Today's borrowers expect a digital home-buying experience, and Matic gives them the digital insurance experience to match. For more information, visit http://matic.com or follow Matic on LinkedIn.

About Mortgage Professional America:
Mortgage Professional America (MPA) is the mortgage and finance industry's most trusted source of news, opinion and analysis. MPA keeps mortgage and finance professionals up-to-date with breaking news, cutting-edge opinion and expert analysis of the trends affecting individual mortgage businesses and the industry as a whole.

News from Matic Insurance Services

Matic, a digital insurance agency whose technology enables borrowers to purchase homeowner's insurance during the mortgage transaction, announced today that company co-founder and COO Benjamin Madick has been named one of Mortgage Professional America magazine's "Hot 100." Madick was recognized for his career-long contributions to the mortgage industry and for establishing the strategic partnerships that have fueled Matic's rapid growth.

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Smaller Originators Will Follow Top Lenders’ Lead in Making Homeowner’s Insurance Part of the Digital Mortgage, Says Matic CEO

SHERMAN OAKS, Calif. /ScoopCloud/ -- Integrating homeowner's insurance into the mortgage origination process is a relatively new idea - and one Matic CEO Aaron Schiff anticipates will gain traction in 2018. His firm expects small and mid-sized mortgage operations will follow the lead of several marquee lenders that added homeowner's insurance to their origination workflows last year. Wider availability of cutting-edge digital capabilities like online bind will also make integrated homeowner's insurance more attractive for lenders, Schiff says.

"Large lenders often set the pace for mortgage industry transformation, and 2017 saw several top players integrate homeowner's insurance into their digital mortgage strategy," said Schiff. "We expect to see lender adoption increase as originators of all sizes ask themselves what their digital mortgage experience should look like - and what tasks they could and should automate."

Matic's award-winning technology enables mortgage lenders to provide homebuyers with real-time homeowner's insurance quotes from top-rated national carriers as part of their mortgage origination process. Matic also works with mortgage servicers to help existing homeowners lower their escrow payments by switching homeowner's insurance. Because Matic technology pulls borrower and property data directly from the mortgage lender or servicer, home-buying consumers can avoid manually entering data or guessing how much coverage they need.

"Once shopping for homeowner's insurance has been embedded into the mortgage process, the next step is to offer online bind," Schiff said. "Until recently, binding a homeowner's policy required a phone call between the borrower and the carrier. Now, carriers are supporting online bind through API, allowing lenders to offer this value-add as part of their digital mortgage experience."

"Another key benefit of integrated homeowner's insurance is automated quote comparison between multiple carriers," Schiff added. "This lets borrowers come to the table with lower premiums and better debt-to-income ratios - which means lenders can close more loans. By creating both a distinctive borrower experience and a fuller book of business for loan officers, Matic delivers a competitive differentiator for lenders."

Matic's 2017 milestones included earning the business of major mortgage lenders and servicers such as Freedom Mortgage and Mr. Cooper (formerly Nationstar) and establishing partnerships with more than a dozen of the nation's top-rated insurance carriers, including Nationwide, Progressive and Safeco. Matic also completed significant integrations with premier providers of loan origination software (LOS) and self-service mortgage platforms like LendingQB, PCLender, Maxwell and Roostify.

The company's momentum also helped it attract considerable investor interest in 2017. In September, Matic was one of just six companies to advance to the final round of TechCrunch's Startup Battlefield, the world's pre-eminent startup showcase. Three months later, Matic closed a $7 million Series A funding round.

Matic enters its fourth year of operation as the market leader in lender and servicer distribution of homeowner's insurance. According to Schiff, the company will introduce new products in Q2 that will help lenders close more loans. Internally, Matic has set its sights on workplace inclusivity and is continuing to diversify its leadership team.

About Matic:
Matic is a technology-driven insurance agency focused on helping lenders and loan officers better integrate homeowner's insurance into the lending process. By using loan application information and first-of-its-kind technology, Matic provides homebuyers multiple policy options within seconds, helping loan officers close their loans faster. Matic delivers the most trusted, affordable insurance policies available thanks to its partnerships with a diverse network of insurance carriers. Today's borrowers expect a digital home-buying experience, and Matic gives them the digital insurance experience to match. For more information, visit http://matic.com or follow Matic on LinkedIn.

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News from Matic Insurance Services

Integrating homeowner's insurance into the mortgage origination process is a relatively new idea - and one Matic CEO Aaron Schiff anticipates will gain traction in 2018. His firm expects small and mid-sized mortgage operations will follow the lead of several marquee lenders that added homeowner's insurance to their origination workflows last year. Wider availability of cutting-edge digital capabilities like online bind will also make integrated homeowner's insurance more attractive for lenders, Schiff says.

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This version of news story was published on ScoopCloud™ (ScoopCloud.com) - part of and © the Neotrope® News Network - all rights reserved.

Matic COO Named One of National Mortgage Professional Magazine’s 40 Most Influential Mortgage Professionals Under 40

SHERMAN OAKS, Calif. /ScoopCloud/ -- Matic, a digital insurance agency whose technology enables borrowers to purchase homeowner's insurance during the mortgage transaction, announced today that company co-founder and COO Benjamin Madick has been named one of National Mortgage Professional magazine's "40 most influential mortgage professionals under 40."

According to the publication, this honor goes to top mortgage professionals under the age of 40 who exemplify professionalism, innovation and top production in today's housing market. Based on merit and peer voting, the list recognizes those who have persevered in a time of regulatory uncertainty. Now in its eighth year, this list will appear in the magazine's December issue.

"It is gratifying and humbling to be recognized by my peers in the mortgage industry," Madick said. "As a digital insurance agency whose roots are in mortgage banking, Matic strives to deliver real value not just for borrowers, but also for lenders and the loan officers that drive their success."

"Benjamin Madick and his team at Matic help lenders take the stress out of the entire home-buying process, right down to homeowner's insurance," said National Mortgage Professional Editor-in-Chief Eric C. Peck. "Being honored as one of the 40 most influential mortgage professionals under 40 is a fitting recognition by his peers for his work in today's marketplace, and a testament to the work of Ben and the Matic crew in helping realize the American Dream of homeownership."

This is not the first time Madick has been identified as a mortgage industry leader. Most recently, he was named a 2017 HousingWire Vanguard winner for guiding Matic's impressive growth over the last year.

About Matic:

Matic is a technology-driven insurance agency focused on helping lenders and loan officers better integrate homeowner's insurance into the lending process. By using loan application information and first-of-its-kind technology, Matic provides homebuyers multiple policy options within seconds, helping loan officers close their loans faster. Matic delivers the most trusted, affordable insurance policies available thanks to its partnerships with a diverse network of insurance carriers. Today's borrowers expect a digital home-buying experience, and Matic gives them the digital insurance experience to match. For more information, visit http://matic.com or follow Matic on LinkedIn.

About National Mortgage Professional Magazine:

National Mortgage Professional Magazine has become "The Source for Top Originators" that connects the mortgage professional community under various media formats. It's committed to ensuring that today's industry is equipped with the most comprehensive understanding of mortgage news available.

News from Matic Insurance Services

Matic Insurance Services, a digital insurance agency whose technology enables borrowers to purchase homeowner's insurance during the mortgage transaction, announced today that company co-founder and COO Benjamin Madick has been named one of National Mortgage Professional magazine's 2017 '40 most influential mortgage professionals under 40.'

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This version of news story was published on ScoopCloud™ (ScoopCloud.com) - part of and © the Neotrope® News Network - all rights reserved.

HousingWire Honors Matic Founder Benjamin Madick with Vanguard Award for Outstanding Industry Contributions

SHERMAN OAKS, Calif. /ScoopCloud/ -- Matic, a digital insurance agency whose technology enables borrowers to purchase homeowner's insurance during the mortgage transaction, announced today that company co-founder and COO Ben Madick is a 2017 HousingWire Vanguard Award winner. Madick was recognized for guiding the company's phenomenal growth over the last 12 months as well as for his career-long contributions to the mortgage industry as co-founder of both Matic and risk management services provider Mortgage Quality Management and Research.

During Madick's tenure, Matic has become the market leader in lender and servicer distribution of homeowner's insurance. In the 12 months, Matic has earned the business of such industry powerhouses as Freedom Mortgage and Mr. Cooper and forged partnerships with more than a dozen of the nation's top-rated insurance carriers, including household names Nationwide, Progressive, National General Insurance and Safeco. The company also announced integrations with mortgage technology providers LendingQB, PCLender, BeSmartee, Maxwell and Roostify during the last year.

Madick's award is the capstone achievement to a year full of milestones for Matic. In September, Matic competed in TechCrunch's Startup Battlefield, the world's pre-eminent startup competition. Matic was one of just six startups to advance to the final round of the competition. Earlier this month, Matic announced the close of a $7 million Series A funding round led by Mr. Cooper (formerly NationStar), one of the nation's largest mortgage originators and servicers.

"Our Vanguard winners represent an incredible cross-section of the industry - the cream of the crop in lending, servicing, investing and real estate," Magazine Editor Sarah Wheeler said. "This group of leaders exemplifies the remarkable depth of talent and expertise in the world of mortgage finance."

"It's an honor to be named to such a selective list of mortgage industry influencers," said Madick. "We founded Matic because we believe you can't have a truly digital mortgage without modernizing the homeowner's insurance process for both borrowers and lenders. This recognition is an encouraging indicator that the industry also views homeowner's insurance as a mortgage process long overdue for innovation."

This is the third year HousingWire has recognized executives in the housing finance industry for their outstanding leadership in the space. Winners were selected by HousingWire's editorial board and evaluated based on their company and industry contributions.

About HousingWire:
HousingWire is the nation's most influential source of news and information for U.S. mortgage markets, boasting a readership that spans lending, servicing, investments and real estate market participants as well as financial market professionals. Winner of numerous awards, including a 2012 Eddie Award for national editorial excellence in the B-to-B Banking/Business/Finance, HousingWire has been recognized for excellence in journalism by the Society of Business Editors and Writers, the American Society of Business Press Editors, the National Association of Real Estate Editors, and Trade Association Business Publications International.

About Matic:
Matic is a technology-driven insurance agency focused on helping lenders and loan officers better integrate homeowner's insurance into the lending process. By using loan application information and first-of-its-kind technology, Matic provides homebuyers multiple policy options within seconds, helping loan officers close their loans faster. Matic delivers the most trusted, affordable insurance policies available thanks to its partnerships with a diverse network of insurance carriers. Today's borrowers expect a digital home-buying experience, and Matic gives them the digital insurance experience to match.

For more information, visit https://maticinsurance.com or follow Matic on LinkedIn.

News from Matic Insurance Services

Matic, a digital insurance agency whose technology enables borrowers to purchase homeowner's insurance during the mortgage transaction, announced today that company co-founder and COO Ben Madick is a 2017 HousingWire Vanguard Award winner. Madick was recognized for guiding the company's phenomenal growth over the last 12 months as well as for his career-long contributions to the mortgage industry as co-founder of both Matic and risk management services provider Mortgage Quality Management and Research.

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This version of news story was published on ScoopCloud™ (ScoopCloud.com) - part of and © the Neotrope® News Network - all rights reserved.

Matic Insurance Services Raises $7 Million in Series A Round Backed by Top Lender, Insurance Carriers and VC Firms

SHERMAN OAKS, Calif. /ScoopCloud/ -- Matic Insurance Services (Matic), a digital insurance agency whose technology enables borrowers to purchase homeowner's insurance during the mortgage transaction, announced today it has raised $7 million in a Series A funding round. Investors participating in the round include Mr. Cooper, one of the nation's top 20 mortgage originators and the fourth-largest home loan servicer in the country; Nationwide, one of the world's largest insurance and financial services companies; National General Insurance, one of the largest automobile insurers in the United States; and Anthemis and ManchesterStory Group, venture capital firms focused on fintech and insurtech, respectively.

"Simplifying homeowner's insurance and bringing policy selection into the home-buying process is a no-brainer - in fact, people often ask us why it's never been done before," said Matic Co-founder and CEO Aaron Schiff. "Matic brings to the table an outstanding technical team, a deep understanding of the mortgage business and unprecedented partnerships with insurance carriers, mortgage lenders and mortgage servicers, some of whom are also our financial supporters. This new funding will support us as we double our team and scale the business to serve our customers in all verticals."

"Mr. Cooper is pleased to be working with Matic to give our customers access to its innovative digital home insurance platform," said Tony Ebers, executive vice president of originations for Mr. Cooper. "Our investment in Matic will help us provide our customers a modern, easy-to-use shopping experience that could save them money on homeowner's insurance and make their homeownership journey more rewarding."

Matic has steadily grown since 2016 to become the market leader in lender and servicer distribution of homeowner's insurance. In the last 12 months, leading U.S. mortgage lenders including Freedom Mortgage and Mr. Cooper have come to rely on Matic for their homeowner's insurance needs. Matic has also forged partnerships with more than 12 of nation's top-rated insurance carriers, including such household names as Nationwide, Progressive, National General Insurance and Safeco, and announced integrations with such leading mortgage loan origination (LOS) and point-of-sale (POS) systems as LendingQB, PCLender, BeSmartee, Maxwell and Roostify.

A licensed insurance agent in all 50 states, Matic has delivered more than 300,000 quotes to the customers of some of the nation's largest mortgage lenders and servicers. Thanks to Matic, these companies can close loans faster, reduce origination costs and improve the borrower experience by dramatically simplifying the often-confusing homeowner's insurance process.

In September 2017, Matic was one of just 22 companies selected to compete in TechCrunch's Startup Battlefield, the world's pre-eminent startup competition. Matic went on to advance to the final round of the competition with just five other startups.

Largely financed by private funding, Matic previously raised $2.3 million in seed funding led by Anthem Venture Partners, a VC firm that primarily invests in early-stage technology companies, and Freedom Mortgage, one of the nation's largest non-bank mortgage lenders.

About Matic Insurance Services:

Matic Insurance Services (Matic) is a technology-driven insurance agency focused on helping lenders and loan officers better integrate homeowner's insurance into the lending process. By using loan application information and first-of-its-kind technology, Matic provides homebuyers multiple policy options within seconds, helping loan officers close their loans faster. Matic delivers the most trusted, affordable insurance policies available thanks to its partnerships with a diverse network of insurance carriers. Today's borrowers expect a digital home-buying experience, and Matic gives them the digital insurance experience to match.

For more information, visit https://maticinsurance.com.

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News from Matic Insurance Services

Matic Insurance Services (Matic), a digital insurance agency whose technology enables borrowers to purchase homeowner's insurance during the mortgage transaction, announced today it has raised $7 million in a Series A funding round. Investors participating in the round include Mr. Cooper, one of the nation's top 20 mortgage originators and the fourth-largest home loan servicer in the country

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This version of news story was published on ScoopCloud™ (ScoopCloud.com) - part of and © the Neotrope® News Network - all rights reserved.

Matic Insurance Services and LendingQB Partner to Eliminate Stress, Mortgage Delays Caused by Homeowner’s Insurance

SHERMAN OAKS, Calif. /ScoopCloud/ -- Matic Insurance Services (Matic), a digital insurance agency that enables borrowers to purchase homeowner's insurance during the home-buying transaction, today announced a new partnership with LendingQB, a provider of "lean lending" loan origination technology. Matic announced the news as part of a live demonstration at San Francisco's Digital Mortgage conference.

Matic's integration with LendingQB's flagship loan origination software (LOS) makes it easy for borrowers to upload or secure a homeowner's insurance policy during the mortgage application process. The result is a less stressful experience for borrowers and the elimination of costly insurance-related delays for LendingQB's lender clients.

Loan officers, processors and closers can initiate the process by issuing a one-click invitation from within the LendingQB LOS. Alternatively, borrowers can request a quote with the click of a button from within their lender's self-service mortgage portal. The entire process, from requesting a quote to securing a policy, can be completed in minutes.

"Matic simplifies the often-frustrating process of getting homeowner's insurance and moves it within the mortgage transaction for greater convenience and faster loan closings," said Matic Co-founder and COO Ben Madick. "Borrowers no longer have to enter a bunch of personal information or attempt to answer detailed questions about the subject property. Instead, LendingQB delivers this data to top-rated insurance carriers through Matic."

"For the typical home loan, securing homeowner's insurance takes two to three days. With LendingQB and Matic, borrowers can secure a policy in two to three minutes," said LendingQB President Tim Nguyen. "Borrowers appreciate the more streamlined and easy-to-understand process, and because there's no extra effort required on the lender's part, the time savings go straight to the lender's bottom line. By partnering with leading-edge technologies like Matic, LendingQB is making every step of the lending process more efficient and customer-friendly."

About Matic Insurance Services:

Matic Insurance Services (Matic) is a technology-driven insurance agency focused on helping lenders and loan officers better integrate homeowner's insurance into the lending process. By using loan application information and first-of-its-kind technology, Matic provides homebuyers multiple policy options within seconds, helping loan officers close their loans faster. Matic delivers the most trusted, affordable insurance policies available thanks to its partnerships with a diverse network of insurance carriers. Today's borrowers expect a digital home-buying experience, and Matic gives them the digital insurance experience to match.

For more information, visit https://maticinsurance.com.

About LendingQB:

LendingQB is a provider of Lean Lending solutions for residential mortgage banking organizations. The Lean Lending solution consists of a 100 percent web browser-based, end-to-end loan origination system, best of breed integrations with key industry partners and 'adoptimization' services that result in faster cycle times and lower costs per loan. For more information, call 888-285-3912 or visit https://lendingqb.com.


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News from Matic Insurance Services

Matic Insurance Services (Matic), a digital insurance agency that enables borrowers to purchase homeowner's insurance during the home-buying transaction, today announced a new partnership with LendingQB, a provider of "lean lending" loan origination technology. Matic announced the news as part of a live demonstration at San Francisco's Digital Mortgage Conference.

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This version of news story was published on ScoopCloud™ (ScoopCloud.com) - part of and © the Neotrope® News Network - all rights reserved.

Matic Insurance Services Debuts Integration with Roostify During TechCrunch Startup Battlefield, Advances to Competition’s Final Round

SHERMAN OAKS, Calif. /ScoopCloud/ -- Matic Insurance Services (Matic), a digital insurance agency that enables borrowers to purchase homeowner's insurance during the home-buying transaction, has forged a partnership with automated lending technology provider Roostify. The company announced the news Tuesday afternoon from the stage of TechCrunch's Startup Battlefield, part of the TechCrunch Disrupt SF conference held in San Francisco this week. Matic was one of just six elite startups chosen to advance to the final round of the competition.

"Homeowner's insurance has long been a missing element in mortgage innovation," said Matic co-founder and CEO Aaron Schiff, who demonstrated the integration "By relocating the insurance purchase decision to where it belongs - within the mortgage transaction - Matic is bridging the gap between mortgage tech and insurtech and meaningfully improving the experience of borrowers and lenders alike."

"Our partnership with Roostify makes it as easy as the tap of a button for borrowers to purchase homeowner's insurance during the loan application process," added Matic co-founder and COO Ben Madick. "We make the policy information simple to understand, and the entire process takes just minutes, alleviating unnecessary borrower stress and enabling loan officers to close loans faster."

"The integration of homeowner's insurance into the home loan process is a big step forward for the mortgage experience," said Roostify VP of Products Sandeep Aji, whose team worked closely with Matic to prepare for the TechCrunch competition. "Roostify is on a mission to improve the home-buying process, and we welcome the opportunity to partner with companies like Matic that share our vision and can help us execute on it."

Roostify's digital mortgage platforms, preferred by leading lenders including tier-1 banks and large independent mortgage banks, accelerate the mortgage loan process by eliminating unnecessary paperwork and making it easy for borrowers to apply for a loan, submit the required documentation and communicate with their loan officer and other loan participants from any web-enabled device.

Matic was among just 22 startups selected to compete in TechCrunch's Startup Battlefield, the world's pre-eminent startup competition. Each Battlefield event invites a select group of early-stage startups to pitch their businesses in front of a live audience of thousands, including members of the press, investors and potential business partners. Pitches are critiqued by a panel of judges that includes leading venture capitalists and entrepreneurs. The winning pitch earns a place at the top of the Startup Battlefield leaderboard and a $50,000 cash prize.

More than 648 startups have participated since the first Startup Battlefield in 2007, including such household names as Mint, Dropbox and Yammer. In aggregate, these companies have raised over $7 billion, and nearly 100 have been acquired or gone public.

For more information, download Matic's press kit from https://maticinsurance.com/presskit.pdf.

About Matic Insurance Services

Matic Insurance Services (Matic) was founded in 2014 by Aaron Schiff and Benjamin Madick. Based in Sherman Oaks, California, Matic is a technology-driven insurance agency focused on helping lenders and loan officers better integrate homeowner's insurance into the lending process. By using loan application information and first-of-its-kind technology, Matic provides homebuyers multiple policy options within seconds, helping loan officers close their loans faster.

Matic delivers the most trusted, affordable insurance policies available thanks to its partnerships with a diverse network of insurance carriers. Today's borrowers expect a digital home-buying experience, and Matic gives them the digital insurance experience to match.

For more information, visit https://maticinsurance.com.

About Roostify

Founded by consumers looking for a better way to buy a home, Roostify leads the industry in delivering accelerated and transparent online mortgage experiences. From enterprise banks to independent brokerages, dozens of lenders across the United States trust Roostify to speed up closings, reduce unnecessary work and give their customers a smooth, anxiety-free mortgage experience. Since 2014, Roostify has helped close thousands of home loans nationwide.

Roostify is privately funded and headquartered in San Francisco. For more information, please visit https://www.roostify.com.

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News from Matic Insurance Services

Matic Insurance Services, a digital insurance agency that enables borrowers to purchase homeowner's insurance during the home-buying transaction, has forged a partnership with automated lending technology provider Roostify. The company announced the news Tuesday afternoon from the stage of TechCrunch's Startup Battlefield, part of the TechCrunch Disrupt SF conference held in San Francisco this week. Matic was one of just six elite startups chosen to advance to the final round of the competition.

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This version of news story was published on ScoopCloud™ (ScoopCloud.com) - part of and © the Neotrope® News Network - all rights reserved.