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™ 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.
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.
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/.
News Source: Matic Insurance Services
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