Awards and Honors, Business, Free News Articles, Insurance

Matic named to InsurTech100 list of the world’s top insurance technology providers

COLUMBUS, Ohio -- Matic, a fully licensed digital insurance agency that partners with mortgage servicers and originators to sell insurance products to borrowers, has been named to FinTech Global's InsurTech100. The annual awards program, now in its second year, recognizes the pioneering tech firms leading today's global insurance industry.

A panel of industry experts selected Matic from a field of more than 1,000 insurtech companies curated by data and research firm Fintech Global. Matic was recognized for helping mortgage lenders and servicers tackle the challenge of integrating homeowners insurance into the mortgage process. Its proprietary technology condenses the timeframe required to compare and purchase policies from an average of two to three days to about two to three minutes, greatly speeding up loan transactions and helping mortgage customers save money.

"Matic provides the missing link between insurance carriers and mortgage companies, adding considerable value for both parties - and their customers - along the way," said Matic CEO Ben Madick. "Carriers can leverage Matic to deliver a quality-focused online bind experience that decreases claims ratios and underwriting risk, while mortgage lenders and servicers can 'wow' customers by making it simpler than ever before to compare and purchase the homeowners insurance required for a home loan. We're honored to be recognized among this esteemed list of companies transforming the insurance industry through technology."

"The insurtech industry has seen huge growth in the last two years as insurance companies grapple with the challenges of digital transformation and new demands from customers," stated Fintech Global in a press release. "Nearly $10 billion has been invested in insurtech companies since the beginning of 2017."
A full list of the InsurTech 100 can be found at https://fintech.global/insurtech100/.

About Matic

Matic is a digital homeowners insurance marketplace built for mortgage servicers and lenders. Matic's proprietary technology analyzes data from loan origination and servicing software to give homebuyers multiple policy options within seconds - without any manual data entry or lengthy questionnaires. With more than 20 A-rated carrier partners and industry-leading customer service ratings, Matic helps loan officers close deals faster and enables mortgage servicers to delight customers with an average of $617 per year in unexpected savings.

For more information, visit https://matic.com or follow Matic on LinkedIn.

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Awards and Honors, Business, Free News Articles, Insurance

Matic Makes HousingWire’s List of Top Mortgage Tech Companies for Second Year in a Row

COLUMBUS, Ohio -- Digital insurance agency Matic has been named to HousingWire's HW TECH100(TM) list of the top housing technology companies in the United States. The annual awards program, now in its sixth year, recognizes the most innovative tech firms in the real estate and mortgage finance sector.

Matic was recognized for its digital homeowners insurance marketplace, which helps lenders and servicers integrate homeowners insurance into the mortgage process. Matic's proprietary technology reduces the time it takes to compare and purchase policies from an average of two to three days to about two to three minutes, greatly speeding up loan transactions and helping mortgage customers save money.

"These companies hold the most innovative and impactful technology in mortgage finance and continue to move markets forward with their new innovations," said HousingWire Associate Editor Kelsey Ramírez. "The future is bright for the mortgage industry, and it's because these companies continue to push the edge of what is possible."

"Matic adds value for originators, servicers and borrowers by making homeowners insurance an integrated part of the mortgage process," said Matic CEO Ben Madick. "Since making our debut on HousingWire's Tech100 list last year, we've built on our industry-leading offering by adding new tools for loan officers and expanding our lender, servicer and carrier partnerships. It's an honor to be recognized again this year for our continued commitment to innovation."

About Matic:

Matic is a digital homeowners insurance marketplace built for mortgage servicers and lenders. Matic's proprietary technology analyzes data from loan origination and servicing software to give homebuyers multiple policy options within seconds - without any manual data entry or lengthy questionnaires. With more than 20 A-rated carrier partners and industry-leading customer service ratings, Matic helps loan officers close deals faster and enables mortgage servicers to delight customers with an average of $617 per year in unexpected savings. For more information, visit https://matic.com or follow Matic on LinkedIn.

About HousingWire:

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 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. Visit https://www.HousingWire.com to learn more.

Twitter: @maticinsurance @HousingWire #2019HWTECH100

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Alliances and Partnerships, Business, Free News Articles, Insurance

Home Point Financial Partners with Matic to Offer Customers Lowest Market Rates on Homeowners Insurance

COLUMBUS, Ohio -- Digital insurance agency Matic announced today that it has partnered with Home Point Financial Corporation ("Home Point"), a national, mortgage originator and servicer, to help its mortgage servicing customers find competitively priced homeowners insurance.

Through the partnership, Matic will proactively analyze Home Point customers' current homeowners insurance coverage and identify individuals who could save money simply by switching to a different A-rated insurance carrier. Because Matic instantly shops for real-time rates with more than a dozen carriers, it can save homeowners an average of $517 on annual premiums.

"At Home Point, we value the relationship we have with our customers," said Home Point COO Brian Brizard. "We constantly seek ways to improve their lives and their finances. Our partnership with Matic gives Home Point customers access to a fast and efficient way to insure their home with confidence."

"Integrating homeowners insurance into the mortgage loan process is a win-win for Home Point's customers," said Matic Co-founder and CEO Ben Madick. "Matic helps Home Point stay connected with its customers in the best possible way - by providing a quick and potentially cost-saving way to find the right homeowners coverage for their mortgage loan."

About Matic:
Matic is a digital homeowners insurance marketplace built for mortgage servicers and lenders. Matic's proprietary technology analyzes data from loan origination and servicing software to give homebuyers multiple policy options within seconds - without any manual data entry or lengthy questionnaires. With more than 20 A-rated carrier partners and industry-leading customer service ratings, Matic helps loan officers close deals faster and enables mortgage servicers to delight customers with an average of $517 in unexpected savings. For more information, visit https://matic.com or follow Matic on LinkedIn.

About Home Point Financial:
Home Point Financial is a national mortgage originator and servicer. With the goal of providing a superior customer experience, Home Point has an innovative approach to lending, focusing on speed, quality and consistency for customers and partners. Home Point's operating philosophy is defined by the simple but very impactful statement - "We Care."

Located in Ann Arbor, MI, Home Point Financial is a subsidiary of Home Point Capital LP, a financial services holding company founded in 2014 and owned by members of management and by investment funds managed by Stone Point Capital LLC. For further information about Home Point Financial, please visit https://www.homepointfinancial.com.

Twitter: @maticinsurance @HomePointLoans #HOI #homeownersinsurance #mortgageservicing

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Business, Free News Articles, Insurance, Software

Matic Obtains SOC 2 Type II Certification

COLUMBUS, Ohio -- Matic, the digital homeowners insurance marketplace built for mortgage servicers and lenders, announced that it has successfully completed a Service Organization Control (SOC) 2 Type II audit. Conducted by IS Partners, LLC, a globally recognized certified public accounting firm, the audit verifies that Matic's information security practices, policies, procedures and operations meet the SOC 2 standards for effectively protecting sensitive client data.

The SOC 2 Type II certification obtained by Matic verifies that the company's internal security, privacy, confidentiality, availability and processing integrity have been established and effectively executed over an extended period of time. The audit report serves as an endorsement that Matic's information privacy controls are appropriately designed to safeguard the data of its highly regulated mortgage industry clients.

"Matic is deeply empathetic to our clients' need to protect homeowners' sensitive data and comply with the complex regulatory standards governing their operations," said Shaz Kojouri, VP of Legal and Compliance, Matic. "By meeting the industry's most rigorous standards as certified by a third-party auditing firm, Matic is demonstrating our commitment to being responsible stewards of the data entrusted to us by mortgage servicers and lenders."

A licensed insurance agency in all 50 states, Matic also meets all requirements of the Real Estate Settlement Procedures Act (RESPA) and the Unfair, Deceptive or Abusive Acts or Practices Act (UDAAP).

About Matic:

Matic is a digital homeowners insurance marketplace built for mortgage servicers and lenders. Matic's proprietary technology analyzes data from loan origination and servicing software to give homebuyers multiple policy options within seconds - without any manual data entry or lengthy questionnaires. With more than 20 A-rated carrier partners and industry-leading customer service ratings, Matic helps loan officers close deals faster and enables mortgage servicers to delight customers with an average of $517 in unexpected savings.

For more information, visit https://matic.com/.

You can also follow Matic on LinkedIn at: https://www.linkedin.com/company/matic-insurance-services-inc/

Twitter: @maticinsurance #homeownersinsurance #HOI #digitalmortgage #homeownership #mortgageservicing

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Business, Free News Articles, Insurance

Matic Helps Servicers Shave Nearly 6-percent Off Homeowners’ Monthly Mortgage Costs in 2018

COLUMBUS, Ohio -- Matic, the digital homeowners insurance marketplace built for mortgage servicers and lenders, reduced homeowners' monthly mortgage costs an average of 5.5 percent in 2018 by delivering average per-household homeowners insurance savings of $517. The announcement comes on the heels of a year marked by rapid growth for Matic, which helped homeowners identify $124 million in savings over the course of quoting homeowners insurance for over $180 billion worth of residential real estate.

Matic works with mortgage servicers to uncover opportunities to upgrade consumers to better coverage or lower premiums from more than a dozen top-rated insurance carriers. The company also works with mortgage lenders to simplify homeowners insurance for consumers in the process of buying a home.

"Matic's ability to automatically identify mortgage holders eligible for reduced homeowners insurance premiums has been an exceptional value add for mortgage servicers, who have struggled with the twin imperatives of delivering customer service excellence and growing revenue in a thin-margin business," said Matic Founder and CEO Ben Madick. "In 2018, we've lowered annual HOI premiums an average of $517 per household, empowering servicers to build positive customer relationships while compliantly generating commission income."

Over the course of the year, Matic onboarded several new mortgage servicer and lender customers, including RoundPoint Mortgage Servicing Corporation); announced a new integration with mortgage technology platform Mortgage Hippo; and expanded its marketplace of top-rated insurance carriers.

Matic and its leadership team received numerous accolades for technological innovation in 2018. Madick was named to National Mortgage Professional magazine's list of the 40 most influential mortgage professionals under 40 as well as Mortgage Professional America's Hot 100 list of industry visionaries. HousingWire recognized the company as a top mortgage technology innovator with its HW TECH100(TM) award and honored company co-founder Aaron Schiff with its HW Rising Star(TM) award.

Matic added more than 41 employees in 2018 and continues to build an award-winning workplace culture that maintains an average Net Promoter Score of 82. The firm was recognized by Columbus Business First as one of Central Ohio's Best Places to Work following its April move to Miranova Corporate Tower in the heart of downtown Columbus. In May, Matic received the 2018 Spark Award for entrepreneurship from the Better Business Bureau of Central Ohio.

About Matic:

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.

For more information, visit https://matic.com/ or follow Matic on LinkedIn.


Twitter: @maticinsurance #homeownersinsurance #HOI #digitalmortgage #homeownership #mortgageservicing

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Awards and Honors, Business, Free News Articles, Insurance

Digital insurance agency Matic named a Central Ohio ‘Best Place to Work’ by Columbus Business First

COLUMBUS, Ohio -- Matic, a digital insurance agency whose technology enables borrowers to purchase homeowner's insurance during the mortgage transaction, has been named one of Central Ohio's top employers by Columbus Business First.

Columbus Business First's 'Best Places to Work' program has highlighted top workplaces in Central Ohio since 2005. Of the more than 200 nominations received this year, 50 honorees were selected through workplace satisfaction surveys administered independently by Omaha, Nebraska-based Quantum Workplace.

2018 has been a year of aggressive growth for Matic, which expanded its Columbus operations center with an April move to the Miranova Place office complex and has added more than a dozen new team members since the beginning of the year.

Matic's achievement was honored at an awards luncheon on Tuesday at the downtown Columbus Hyatt Regency hotel. A full list of 2018 honorees and their rankings was published in Columbus Business First.

"It's an incredible honor to be recognized by our team members as a great employer," said Jeffrey Snyder, vice president, Matic. "Our business mission is to simplify the homeowners insurance process, but we're just as devoted to building a thriving culture where people feel valued and are excited to come to work each day."

About Matic:

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.

For more information, visit https://matic.com/ or follow Matic on LinkedIn.

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Awards and Honors, Business, Free News Articles, Insurance

Matic CEO Aaron Schiff Named 2018 HousingWire Rising Star

SHERMAN OAKS, Calif. -- Matic, a digital insurance agency whose technology enables borrowers to purchase homeowner's insurance during the mortgage transaction, announced today that company co-founder and CEO Aaron Schiff has been recognized as a HousingWire Rising Star.

Now in its fifth year, the HousingWire Rising Stars program honors mortgage industry leaders and innovators under the age of 40. Schiff was profiled in the June 2018 issue of HousingWire magazine alongside other young mortgage and housing luminaries recognized by the publication.

"This year's Rising Stars list represents the only independent award for young professionals in the mortgage space," said Jacob Gaffney, editor-in-chief of HousingWire. "It's a comprehensive snapshot of who's who in our business and the most impressive list to date."

Schiff was recognized for his role in launching Matic and for steering the young company to become the leader in mortgage and servicer distribution of homeowner's insurance. By pulling borrower and property data directly from lender and servicer systems, Matic automatically runs the purchaser's coverage needs against available policies, delivering homeowners a competitive quote within minutes.

"The Matic vision is to make purchasing homeowner's insurance easy, which in turn helps lenders close loans faster and reduce origination costs," said Schiff. "I'm grateful to work with a talented team that shares my commitment to revolutionizing this important component of the digital mortgage process."

For a full list of winners, visit https://www.housingwire.com/articles/43468-housingwires-class-of-2018-rising-stars.

About Matic:

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.

For more information, visit http://matic.com or follow Matic on LinkedIn.

About HousingWire:

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 http://www.housingwire.com.

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Business, Free News Articles, Insurance, Legal and Law, Software

Matic Marks Commitment to Compliance with Appointment of Shaz Kojouri to Senior Management Team

SHERMAN OAKS, Calif. -- Matic, a digital insurance agency whose technology enables borrowers to purchase homeowner's insurance during the mortgage transaction, today announced it has tapped Shahrzad "Shaz" Kojouri as vice president of legal and compliance.

A licensed attorney with more than 15 years' experience in corporate compliance, Kojouri will have responsibility over corporate governance, regulatory compliance and vendor management at Matic. Prior to joining Matic, Kojouri was assistant general counsel for nonprofit student loan provider AccessLex Institute.

Before that, Kojouri oversaw regulatory compliance testing and Consumer Finance Protection Bureau (CFPB) readiness for national mortgage lender New Penn Financial. She first joined New Penn in 2009, in the immediate aftermath of the subprime mortgage crisis, and guided the lender through a time of intense regulatory change.

"Matic's strategic partners count on us to hold ourselves to the highest standards in regulatory compliance and corporate governance, and we take that commitment very seriously," said Matic CEO Aaron Schiff. "We welcome Shaz to the team and look forward to working with her to deliver an even higher level of compliance assurance to our customers."

"Spending much of the last 10 years inside a top national lender has allowed me to bring a thorough and nuanced understanding of mortgage regulations to my work with Matic," said Kojouri, who officially joined in the Matic team in January. "I look forward to helping Matic and its clients navigate these complex regulations with confidence."

About Matic:

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.

For more information, visit http://matic.com or follow Matic on LinkedIn.

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Awards and Honors, Business, Free News Articles

HousingWire Honors Matic as Top Innovator in Housing Tech

SHERMAN OAKS, Calif. -- 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(TM) 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.

About Matic:
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. For more information, visit https://matic.com/ or follow Matic on LinkedIn.

About HousingWire:
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/.

@maticinsurance @HousingWire #2018HWTech100

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Business, Free News Articles, Insurance, Real Estate, Software

MortgageHippo Picks Matic for Integrated Homeowner’s Insurance That Helps Lenders and Consumers Save Money

SHERMAN OAKS, Calif. -- Matic, a digital insurance agency whose technology enables borrowers to purchase homeowner's insurance during the mortgage transaction, today announced the availability of its one-click "get quote" button within MortgageHippo, a cloud-based digital mortgage platform that guides consumers through a modern, lender-branded borrowing experience.

By integrating with Matic, MortgageHippo makes it easy for borrowers to secure the homeowner's insurance required for a residential mortgage loan closing at a competitive price. Matic uses loan and property data furnished by MortgageHippo to determine precisely how much coverage is needed, then scans the market to compare policies from multiple top-rated carriers.

"Consumers want suitable homeowner's insurance at a fair price - but comparison shopping is difficult and time-consuming," said Ben Madick, COO of Matic. "Meanwhile, it takes loan processors about an hour of effort and a day or two in turnaround time per loan to verify a policy and update the closing disclosure. Matic eliminates the pain on both sides of the equation. Borrowers get a great policy at a great price, and lenders improve their bottom line by compressing a two-day process into two minutes."

"Matic delivers an exceptional consumer experience and gives mortgage lenders a real edge when it comes to lending efficiency and borrower conversion," said Valentin Saportas, CEO of MortgageHippo. "We're proud to partner with a company that exemplifies MortgageHippo's commitment to helping top-producing loan teams future-proof their organizations with early access to the best tech solutions in today's market."

MortgageHippo customers who are interested in enabling Matic can reach out to their account manager to turn on the integration.

About Matic:

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. For more information, visit http://matic.com or follow Matic on LinkedIn.

About MortgageHippo:

MortgageHippo works with lenders to devise and implement their digital mortgage strategies using its borrower-centric digital lending platform. The MortgageHippo platform allows lenders to deliver a modern borrowing experience, improve borrower conversions, significantly reduce origination costs and integrate with other innovative technologies. MortgageHippo's platform is fully customizable to lender preferences and configurable to lenders' workflows and processes. For more, visit https://www.mortgagehippo.com.

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