Matic Insurance Services Inc.
, a digital homeowner's insurance agency, has partnered with Maxwell
, a provider of digital mortgage software. Matic's network of nationally A+ rated insurance carriers enables borrowers to 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.
"At Maxwell, our aim is to make every interaction between loan officers and their homebuyers a delight," said 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. "
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.
"Today's mortgage borrowers are looking for a convenient, paperless mortgage experience that companies like Maxwell deliver," said 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."