Floify to offer embedded home insurance from Matic, enhancing the mortgage process and simplifying the path to closing
Matic, a leading digital insurtech platform, announced a new partnership with Floify, a top mortgage automation platform, to embed home insurance into the digital loan experience for Floify’s network of lenders and brokers. The integration marks a significant step forward in streamlining insurance within mortgage technology, allowing lenders and brokers to present insurance options inside the same systems they already use.
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Floify’s digital platform is designed to simplify mortgage workflows through cutting-edge automation. With Matic, borrowers can now shop for and purchase home insurance directly within the loan process. Lenders and brokers using Floify can present multiple home insurance quotes to borrowers through Matic’s embedded shopping experience, helping them find coverage as part of the mortgage journey.
“Insurance has historically been a friction point in the mortgage process,” said Sol Klein, Head of Customer Experience and Business Operations at Floify. “With Matic’s digital platform, we’re giving lenders and brokers a turnkey solution to reduce that friction and provide a better borrower experience. Matic’s breadth of carriers and expertise in the mortgage space made them the clear choice for us.”
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“As housing affordability remains a top concern and insurance premiums continue to rise, mortgage companies are looking for better ways to support their borrowers,” said Ben Madick, CEO and Co-founder of Matic. “With our large network of carriers and deep integration in the mortgage process, Matic helps alleviate some of those challenges and with partners like Floify, we’re bringing that experience into the platforms lenders already rely on.”
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This new partnership is part of Matic’s broader growth across the mortgage ecosystem. The company partners with over 100 lenders, servicers, and banks that collectively process 20% of home loans in the U.S. — including five of the top 15 mortgage servicers and a top 10 global bank. Matic enables lenders, servicers, and borrowers to simplify the insurance process, reducing loan cycle times, increasing customer satisfaction, and driving new revenue opportunities.
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Source : PR newswire
