SHERMAN OAKS, Calif. /California Newswire/ — Matic, a digital insurance agency whose technology enables borrowers to purchase homeowner’s insurance during the mortgage transaction, announced today that company co-founder and COO Ben Madick is a 2017 HousingWire Vanguard Award winner. Madick was recognized for guiding the company’s phenomenal growth over the last 12 months as well as for his career-long contributions to the mortgage industry as co-founder of both Matic and risk management services provider Mortgage Quality Management and Research.
During Madick’s tenure, Matic has become the market leader in lender and servicer distribution of homeowner’s insurance. In the 12 months, Matic has earned the business of such industry powerhouses as Freedom Mortgage and Mr. Cooper and forged partnerships with more than a dozen of the nation’s top-rated insurance carriers, including household names Nationwide, Progressive, National General Insurance and Safeco. The company also announced integrations with mortgage technology providers LendingQB, PCLender, BeSmartee, Maxwell and Roostify during the last year.
Madick’s award is the capstone achievement to a year full of milestones for Matic. In September, Matic competed in TechCrunch’s Startup Battlefield, the world’s pre-eminent startup competition. Matic was one of just six startups to advance to the final round of the competition. Earlier this month, Matic announced the close of a $7 million Series A funding round led by Mr. Cooper (formerly NationStar), one of the nation’s largest mortgage originators and servicers.
“Our Vanguard winners represent an incredible cross-section of the industry – the cream of the crop in lending, servicing, investing and real estate,” Magazine Editor Sarah Wheeler said. “This group of leaders exemplifies the remarkable depth of talent and expertise in the world of mortgage finance.”
“It’s an honor to be named to such a selective list of mortgage industry influencers,” said Madick. “We founded Matic because we believe you can’t have a truly digital mortgage without modernizing the homeowner’s insurance process for both borrowers and lenders. This recognition is an encouraging indicator that the industry also views homeowner’s insurance as a mortgage process long overdue for innovation.”
This is the third year HousingWire has recognized executives in the housing finance industry for their outstanding leadership in the space. Winners were selected by HousingWire’s editorial board and evaluated based on their company and industry contributions.
HousingWire is the nation’s most influential source of news and information for U.S. mortgage markets, boasting a readership that spans lending, servicing, investments and real estate market participants as well as financial market professionals. Winner of numerous awards, including a 2012 Eddie Award for national editorial excellence in the B-to-B Banking/Business/Finance, HousingWire has been recognized for excellence in journalism by the Society of Business Editors and Writers, the American Society of Business Press Editors, the National Association of Real Estate Editors, and Trade Association Business Publications International.
Matic is a technology-driven insurance agency focused on helping lenders and loan officers better integrate homeowner’s insurance into the lending process. By using loan application information and first-of-its-kind technology, Matic provides homebuyers multiple policy options within seconds, helping loan officers close their loans faster. Matic delivers the most trusted, affordable insurance policies available thanks to its partnerships with a diverse network of insurance carriers. Today’s borrowers expect a digital home-buying experience, and Matic gives them the digital insurance experience to match.
For more information, visit https://maticinsurance.com or follow Matic on LinkedIn.