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Matic Insurance Services and LendingQB Partner to Eliminate Stress, Mortgage Delays Caused by Homeowner’s Insurance

SHERMAN OAKS, Calif. -- Matic Insurance Services (Matic), a digital insurance agency that enables borrowers to purchase homeowner's insurance during the home-buying transaction, today announced a new partnership with LendingQB, a provider of "lean lending" loan origination technology. Matic announced the news as part of a live demonstration at San Francisco's Digital Mortgage conference.

Matic's integration with LendingQB's flagship loan origination software (LOS) makes it easy for borrowers to upload or secure a homeowner's insurance policy during the mortgage application process. The result is a less stressful experience for borrowers and the elimination of costly insurance-related delays for LendingQB's lender clients.

Loan officers, processors and closers can initiate the process by issuing a one-click invitation from within the LendingQB LOS. Alternatively, borrowers can request a quote with the click of a button from within their lender's self-service mortgage portal. The entire process, from requesting a quote to securing a policy, can be completed in minutes.

"Matic simplifies the often-frustrating process of getting homeowner's insurance and moves it within the mortgage transaction for greater convenience and faster loan closings," said Matic Co-founder and COO Ben Madick. "Borrowers no longer have to enter a bunch of personal information or attempt to answer detailed questions about the subject property. Instead, LendingQB delivers this data to top-rated insurance carriers through Matic."

"For the typical home loan, securing homeowner's insurance takes two to three days. With LendingQB and Matic, borrowers can secure a policy in two to three minutes," said LendingQB President Tim Nguyen. "Borrowers appreciate the more streamlined and easy-to-understand process, and because there's no extra effort required on the lender's part, the time savings go straight to the lender's bottom line. By partnering with leading-edge technologies like Matic, LendingQB is making every step of the lending process more efficient and customer-friendly."

About Matic Insurance Services:

Matic Insurance Services (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://maticinsurance.com.

About LendingQB:

LendingQB is a provider of Lean Lending solutions for residential mortgage banking organizations. The Lean Lending solution consists of a 100 percent web browser-based, end-to-end loan origination system, best of breed integrations with key industry partners and 'adoptimization' services that result in faster cycle times and lower costs per loan. For more information, call 888-285-3912 or visit https://lendingqb.com.


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Free News Articles

Simplifile Integrates Collaboration, Post Closing Services with LendingQB

PROVO, Utah -- Simplifile, a leading provider of real estate document and data collaboration and recording technologies for lenders, settlement agents, and counties, today announced the integration of its Collaboration and Post Closing services with LendingQB, a provider of 100 percent web browser-based, end-to-end mortgage loan origination software.

Through the integration, LendingQB users can create loan records to initiate data and document sharing with settlement providers, collaborate and exchange Closing Disclosure data with settlement agents, communicate in real time and gain immediate insight into any changes made by settlement.

"In today's lending environment, it is critical that lenders be able to seamlessly share data between loan production, settlement and all other key parties," said Tim Nguyen, president of LendingQB. "This partnership with Simplifile enables users to ensure that changes made by settlement agents are immediately updated in the loan file."

Simplifile Collaboration enables lenders to work directly with their settlement partners to share, receive, and validate documents and data by providing a platform for collaborating on fee data, documents, and transaction details, while Simplifile Post Closing informs lenders automatically on the recording status of documents and delivers the final title policy and fee data electronically, thus closing the loop on the entire mortgage transaction. With this integration, LendingQB users gain visibility into settlement agent processes while creating an auditable track record of all loan changes, updates, deficiencies and status within a single system.

"When lenders are more connected to their settlement partners, the mortgage closing process becomes much smoother, and there is a demonstrable effect on reducing the errors and miscommunications that can lead to compliance errors," said Simplifile President Paul Clifford. "Even before TRID, keeping the LOS and title production data in sync was a huge challenge, and there has been a persistent need for this type of transparency, which hasn't been available until now. Simplifile Collaboration and Post Closing create an environment where lenders and settlement agents can work together and communicate in real time to execute closing documents in a more efficient and compliant manner."

More than 17,000 settlement companies already use Simplifile to e-record documents in 1,500+ counties and jurisdictions across the nation, making it easy for lenders to connect seamlessly to their existing settlement partners and be operational almost immediately.

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

About Lending QB:

LendingQB(R) is a provider of Lean Lending solutions. The Lean Lending solution consists of a 100 percent web browser-based, end-to-end loan residential mortgage origination system, best of breed integrations with key industry partners and 'adoptimization' services that result in faster cycle times and lower costs per loan. For more information, please call 888.285.3912 or visit www.lendingqb.com.

Trademarks: LendingQB(R) and Lean Lending(R) are registered trademarks of MeridianLink, Inc. in the U.S. All other trademarks, service marks, and product or service names are trademarks or registered trademarks of their respective owners.

About Simplifile:

Simplifile, the nation's largest e-recording network, was founded in 2000 to connect settlement agents and county recorders via its e-recording service. Today Simplifile has broadened its services to include collaboration tools and post-closing visibility for mortgage lenders and settlement agents working together on real estate documents. Through Simplifile, users can securely record, share, and track documents, data, and fees with ease.

To learn more, visit https://simplifile.com or call 800.460.5657.

This news story was published by the Neotrope® News Network - all rights reserved.