“Homeowner’s insurance has long been a missing element in mortgage innovation,” said Matic Co-Founder and Chief Executive Officer Aaron Schiff. “By relocating the insurance purchase decision to where it belongs—within the mortgage transaction—Matic is bridging the gap between mortgage tech and insurtech and meaningfully improving the experience of borrowers and lenders alike.”
Roostify’s digital mortgage platforms accelerate the mortgage process by eliminating unnecessary paperwork and making it easy for borrowers to apply for a loan, submit the required documentation and communicate with their loan officer and other loan participants from any Web-enabled device.
“Our partnership with Roostify makes it as easy as the tap of a button for borrowers to purchase homeowner’s insurance during the loan application process,” said Matic Co-Founder and Chief Operating Officer Ben Madick. “We make the policy information simple to understand, and the entire process takes just minutes, alleviating unnecessary borrower stress and enabling loan officers to close loans faster.”
Matic was among just 22 startups selected to compete in TechCrunch’s Startup Battlefield. Each Battlefield event invites a select group of early-stage startups to pitch their businesses in front of a live audience of thousands, including members of the press, investors and potential business partners. Pitches are critiqued by a panel of judges that includes leading venture capitalists and entrepreneurs. The winning pitch earns a place at the top of the Startup Battlefield leaderboard and a $50,000 cash prize.
“The integration of homeowner’s insurance into the home loan process is a big step forward for the mortgage experience,” said Roostify Vice President of Products Sandeep Aji. “Roostify is on a mission to improve the home-buying process, and we welcome the opportunity to partner with companies like Matic that share our vision and can help us execute on it.”