Matic Insurance

HW Tech100

Helps financial institutions enhance the value of their lending and servicing operations by integrating insurance into the homeownership experience

Matic Insurance-2021 Tech100 winners-mortgage

Matic’s insurance marketplace of 30 A-rated carriers was built for the mortgage industry. Through data and technology, the company helps financial institutions enhance the value of their lending and servicing operations by seamlessly integrating insurance into the homeownership experience, saving customers days of work and over 30% in premiums each year. As the first and only integrated HOI provider on the market, Matic is disrupting the $95B HOI industry by providing insurance at the point of sale — when borrowers apply for a mortgage. Matic helps lenders close loans faster, reduce origination costs and improve the borrower experience by simplifying the HOI process. Licensed in all 50 states, the company has quickly become the leader in mortgage lender and servicer distribution of HOI. By integrating with mortgage lenders, Matic reduces time it takes to get a policy from an average of 2-3 days to as little as 2-3 minutes.

  • The first and only mortgage-integrated HOI provider on the market and a licensed insurance agency in all 50 states
  • Reduces time it takes to get a policy from an average of 2-3 days to as little as 2-3 minutes, substantially reducing HOI-related closing delays
  • Existing mortgage holders save over $400 per policy, reducing their monthly cost of homeownership by an average of 5%

Company Website:

http://www.matic.com

Markets Served:

Loan Origination, Servicing

Company HQ:

Sherman Oaks, CA

3d rendering of a row of luxury townhouses along a street

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