Matic Insurance Launches Strategic Partnership With USA Mortgage
April 18 2024 - 11:30AM
Matic, a leading digital insurtech platform, and USA Mortgage have
joined forces in a strategic partnership to provide property &
casualty insurance products to USA Mortgage customers.
Under the partnership, Matic’s innovative insurance marketplace
will be integrated into the USA Mortgage home lending experience,
allowing borrowers to shop for personalized rates and coverage as
part of the mortgage process. Matic’s proprietary matching
technology enables borrowers to quickly compare insurance options
from a network of over 50 national and regional carriers, helping
them identify the right choice for their unique needs and reducing
the time it takes to purchase a policy.
“This partnership represents a significant milestone in our
commitment to provide impactful solutions that enhance the borrower
experience,” said Ron Mueller, President of USA Mortgage. “Matic’s
comprehensive carrier network with coverage across the US, and
their ability to combine cutting-edge technology with an internal
agency was a clear choice to meet the needs of our diverse customer
base.”
USA Mortgage customers will gain access to a wide array of
P&C insurance products through Matic's digital platform. In
addition to home and auto insurance, Matic will offer umbrella,
jewelry, flood, dwelling fire, pet, and other personal lines of
insurance to meet customer needs within the mortgage originations
lifecycle.
“Matic was built for the mortgage industry to simplify the
insurance shopping process during the home buying experience,” said
Ben Madick, CEO and Co-Founder of Matic Insurance. “We are honored
to partner with USA Mortgage to provide value for their customers
while streamlining the closing process.”
As a leading embedded insurance platform for the mortgage
industry, Matic partners with over 100 lenders, servicers, and
banks that collectively process 20% of home loans available in the
US, including five of the top 15 mortgage servicers in the US, a
top 10 global bank, and a top 10 US bank.
About MaticSince 2014, Matic has changed the
landscape of the insurtech industry by integrating insurance within
the home and auto ownership experience. Today, Matic’s digital
insurance marketplace has over 50 carriers, as well as distribution
partners in industries ranging from mortgage originations and
servicing to banking, real estate, personal finance, and more. With
a single-minded focus on advocating for policyholders, Matic has
created an easy and transparent shopping process, saving customers
hours of work and over 30% in premiums each year. For more
information, visit matic.com.
About USA MortgageOriginally founded in
2001 in St. Louis, MO, USA Mortgage is a nationwide mortgage lender
licensed in 49 states with offices in 34 states. USA Mortgage’s
reputation for making mortgages easy with exceptional customer
service, as well as becoming a 100% employee-owned company,
led to their growth to become a Top 50 Mortgage Lender in the
nation with over 600 employees. For more information, visit
www.usamortgage.com.
Matic
press@matic.com