Matic is a digital homeowner’s insurance marketplace that helps lenders and servicers integrate the homeowners insurance into the mortgage process.
Through its technology offering, Matic is now disrupting the $95 billion homeowners insurance industry. It does this by providing insurance at the point of sale—when borrowers apply for a mortgage. This helps lenders close loans faster, reduce origination costs and improve the experience by simplifying the process. Licensed in all 50 states, the company has quickly become a leader in mortgage lender and servicer distribution of homeowners insurance. Matic reduces time it takes to get a policy from an average of two to three days to about two to three minutes and ensures compliance by meeting RESPA, UDAAP and vendor oversight requirements.