SHERMAN OAKS, Calif., March 23, 2017 /PRNewswire/ -- Matic Insurance Services, Inc., the largest digital homeowner's insurance agency for mortgage borrowers, has partnered with Maxwell, a leading provider of digital mortgage software.
Matic's vast network of nationally A+ rated insurance carriers enables borrowers to quickly find a customized homeowners insurance policy with just a few clicks on their desktop or mobile device. Under an agreement between both companies, Maxwell will integrate Matic's homeowner's insurance software into its platform, allowing borrowers to receive customized homeowner's policy options in seconds and helping Maxwell's clients close loans faster.
Maxwell revolutionizes the way that mortgage lenders work with their clients to close a mortgage, from the loan application to assembling a borrower's file. Lending teams on Maxwell collaborate with homebuyers in a modern digital workspace, on any device, with connectivity to thousands of data sources. Leveraging connectivity, like Matic Insurance Services, Maxwell reports that loans on its platform close 22 days faster than the industry average.
"At Maxwell, our aim is to make every interaction between loan officers and their homebuyers a delight," says John Paasonen, Maxwell's CEO. "As we continue to transform the way loan officers work with homebuyers, we are pleased to join forces with Matic, an innovative company that is equally focused on simplifying the home buying process. Together we're streamlining a friction point we hear about far too often—homeowners insurance."
"Today's mortgage borrowers are looking for a convenient, paperless mortgage experience that companies like Maxwell deliver," says Aaron Schiff, co-founder and CEO of Matic Insurance. "With our technology working behind the scenes, lenders and mortgage professionals using the Maxwell platform can rest assured their customers will get the best, most affordable, and most appropriate homeowners coverage within seconds."
About Matic Insurance
Matic Insurance Services, Inc. was founded in 2014 by Benjamin Madick and Aaron Schiff. Based in Sherman Oaks, California, Matic is a technology-driven insurance agency focused on helping lenders and loan officers better integrate homeowners 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 Insurance Services delivers the most trusted, affordable insurance policies available thanks to its partnerships with a vast, diverse network of insurance carriers. To learn more, visit maticinsurance.com.
Maxwell empowers mortgage lenders to be more connected, productive and successful by intelligently automating their workflow with homebuyers and real estate agents. The platform is used by lenders nationwide to serve their customers. Founded in 2015, Maxwell has been named as one of the housing economy's most innovative companies by HousingWire, is a member of the Mortgage Bankers Association, and is proud to be built in Denver, Colorado. Learn more about Maxwell at www.himaxwell.com.
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SOURCE Matic Insurance Services, Inc.