Mortgage lenders look to new revenue streams as interest rates continue to rise |
Matic Insurance Surpasses 100 Mortgage and Service Partnerships
Columbus, Ohio, October 5, 2022 /PRNewswire-PRWeb/ — Matic, a leading digital insurtech platform, today announced a new stage of partnership growth of securing more than 100 partnerships with leading mortgage lenders, managers and banks. plan to provide an integrated insurance buying experience for their customers. Matic expects growth to increase as adoption of new revenue streams that fit naturally into the homeownership experience continues to gain traction.
Matic’s P&C insurance platform was designed by mortgage industry veterans specifically for the mortgage industry to make securing a loan easier, faster and less painful for borrowers and lenders. by integrating the process of buying home insurance into the home buying experience. As a pioneer in integrated insurance, Matic offers choice and flexibility to borrowers with 45 insurance companies available in their network.
“This year has brought many unknowns to the market. With rising interest rates and declining refinance volume, mortgage lenders are adding complementary products to generate revenue and keep borrowers and agents engaged. credit,” said Ben Madick, CEO of Matic Insurance. “Integrating Matic into the home closing and maintenance process requires little to no technical improvement and we are excited to see more mortgage institutions adopting our solution and prioritizing a customer experience.” digital.”
Matic is the only insurtech that combines an online marketplace of 45 A-rated insurance companies with the ability to buy direct online or work with a licensed agent. This digital-first model of choice provides an exceptional customer experience for borrowers, easily accessible through their mortgage provider. Today, Matic works with five of the top 15 mortgage servicers in the United States. Over the past 12 months, Matic has onboarded mortgage partners across distributed retail, direct-to-consumer and service channels, with recent key partnerships including Lower.com, PRMG and HSBC.
“Partners choose to work with us because our platform was designed for the mortgage industry. Since our market launch in 2017, we have grown steadily and thoughtfully, always putting the customer experience first, like evidenced by our Net Promoter Score of 90, which is unprecedented in the insurance industry,” Madick said. “We expect to see adoption increase as lenders seek to close revenue gaps and deliver a digital mortgage experience that automates the loan closing process.”
Today, Matic partners with mortgage entities that process over 11 million loans per year. Based on projected future opportunities within Matic’s pipeline, this number will continue to grow as mortgage organizations look for new ways to add revenue streams and provide an automated customer experience.
Since 2014, Matic has changed the landscape of the insurtech industry by integrating insurance into the home and auto ownership experience. Today, Matic’s digital insurance marketplace includes 45 A-rated home and auto insurers, as well as distribution partners in industries ranging from originating and servicing mortgages to banking, real estate and personal finances. With a focus on policyholder advocacy, Matic has created a seamless and effortless comparison buying process, saving customers labor days and over 30% in premiums each year. For more information, visit matic.com.
Jenna PearlsteinMatic Insurance, 1 (888) 380-6623, [email protected]
SOURCE Matic Insurance