Home Point Financial is a national mortgage originator and servicer while Matic is a digital homeowners insurance marketplace built for mortgage servicers and lenders.
Now, Home Point Financial will help its mortgage servicing customers find competitively priced homeowners insurance through its new partnership with Matic.
Through this partnership, Matic will proactively analyze Home Point customers’ current homeowners insurance coverage and identify individuals who could save money simply by switching to a different A-rated insurance carrier. Because Matic instantly shops for real-time rates with more than a dozen carriers, it can save homeowners an average of $517 on annual premiums, the company claims.
Last month, Home Point Financial announced that it will soon be offering non-agency mortgage lending solutions with its new Home Point Edge suite of products.
“A significant segment of the workforce has been largely underserved by traditional agency and prime jumbo mortgage products for years,” says Will Pendleton, senior managing director and non-agency segment manager for Home Point, in a release. “The Home Point Edge lending platform is designed to provide financing solutions to those previously underserved, yet credit-worthy consumers.
“The Edge platform will provide our business partners with financing solutions that enable them to grow their business and serve more of their qualified customers, while maintaining discipline around ability to repay and sustainable lending practices,” Pendleton adds. “Our proprietary lending platform will feature innovative products paired with a best-in-class support team, competitive rates and optimized technology. Our goal is to provide our partners with the tools they need to grow their business, while being stewards of the industry.”
Home Point Edge will initially offer a Near-Prime product tier, with Expanded Access and AUS Express coming soon.
Over time, Home Point will look to expand its offerings to best meet its partners’ needs.