Matic is a digital P&C insurance marketplace built for the mortgage industry to simplify the insurance buying process. Licensed in all 50 states, Matic helps originators and servicers integrate homeowners insurance into the mortgage process and homeownership experience by quickly matching borrowers with insurance from a marketplace of over 40 A-rated carriers, saving them time and money.
Matic experienced significant growth in 2023 as its unbiased insurance platform grew to nearly 50 home and auto carriers across 50 states, allowing consumers to shop for the best rates and coverage and saving them an average of $546 per year. In total, Matic saved customers over $15 million in 2023, with nearly 100 million quotes delivered (a 23% increase compared to 2022). Matic’s carrier network now includes national insurance companies such as Progressive, Nationwide and Travelers, as well as regional and specialty carriers to meet the needs of a diverse customer base. While 2023 has been a volatile time for insurance companies, Matic continues to grow, adding new regional carriers to help homeowners in challenging markets such as Florida and California. The team’s focus on creating solutions that can sustain market volatility has allowed Matic to achieve a steady growth rate averaging 100% year-over-year in revenue since its go-to-market launch in 2017.
Loan Origination and Servicing