Mr. Cooper Partners with Digital Insurance Agency Matic Insurance Services to Put Money Back in Homeowners’ Pockets
November 07 2017 - 9:00AM
Business Wire
Mr. Cooper and Matic simplify insurance
acquisition for homeowners and enhance the journey to
homeownership
Mr. Cooper®, the nation’s largest non-bank mortgage servicer,
today announced that it has led the Series A funding round in Matic
Insurance Services (Matic), a digital insurance agency whose
technology enables homebuyers to obtain homeowner’s insurance
seamlessly during the mortgage process.
“Buying insurance has long been a cumbersome process for
homebuyers, so we’re excited for our licensed insurance agency,
Harwood Service Company, LLC to work with Matic to provide
customers a better experience,” said Jay Bray, Chairman and CEO of
Nationstar Mortgage Holdings, the holdings company for the Mr.
Cooper brand. “Integrating with Matic will help Mr. Cooper offer
our customers a simplified insurance process that empowers them
with more choice and the opportunity to save money on their
homeowner’s insurance premiums.”
Matic’s insurance marketplace will enable Mr. Cooper to provide
customers a convenient and modern way to shop for insurance while
helping them obtain competitive insurance policy quotes and bind
within minutes instead of days, all part of a digital mortgage
application interface planned to launch in 2018.
“Mr. Cooper is one of the largest players in the home loan
industry with a strong focus on the customer experience, and we are
fully aligned with their mission to make the home buying and
refinancing process an easier and better one for borrowers,” said
Aaron Schiff, CEO of Matic. “Mr. Cooper’s customers will benefit
from Matic’s ability to expedite loan closings and make it easier
for Mr. Cooper to lower their borrower’s payments for improved
payment performance.”
This investment and partnership is part of Mr. Cooper’s overall
strategy to bring a customer-centric approach to the mortgage
industry. Mr. Cooper has made significant investments in its team,
technology and processes to deliver a caring, transparent and
seamless experience that best fits customers’ needs. The brand name
Mr. Cooper is a key part of this strategy, unveiled in August for
the mortgage servicing and originations operation of Nationstar
Mortgage LLC. The Mr. Cooper brand is a tangible expression of the
company’s dedication to making the mortgage process more rewarding
for its more than 3 million customers.
To learn more about Mr. Cooper’s transformation and
customer-focused initiatives, please visit www.mrcooper.com.
About Mr. Cooper
Mr. Cooper is the consumer brand for the forward mortgage
servicing and originations operation of Nationstar Mortgage LLC,
the operating company of Nationstar Mortgage Holdings Inc. (NYSE:
NSM). Based in Dallas, Texas, Mr. Cooper is one of the largest home
loan servicers in the country focused on delivering a variety of
servicing and lending products, services and technologies to make
the home loan process more rewarding and less worrisome. Please
visit www.mrcooper.com for the latest news and information.
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Mr. CooperChristen ReyengaMediaRelations@mrcooper.com
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