InsurTech News

Roostify Partners with Covered Insurance to Streamline Homeowner’s Insurance Process

Roostify Partners with Covered Insurance to Streamline Homeowner's Insurance Process
The integration enables borrowers to shop with leading insurance companies during the mortgage process all in one platform

Roostify, a leading mortgage technology provider, now supports integration with the Covered Insurance Marketplace to streamline the homeowners’ insurance buying process and shorten the loan lifecycle. This integration gives borrowers flexibility to shop and compare quotes from over 30 leading insurance companies and quickly purchase it within the Roostify platform.

“Our integration with Covered is a major step in continuing to simplify the home lending process by elevating the customer experience when shopping for home insurance,” says Roostify co-founder and CEO Rajesh Bhat. “We’re helping lenders to offer greater convenience in their workflow and improve customer satisfaction, further exemplifying Roostify’s goal of providing the most customer-friendly, streamlined homeowner journey from start to close.” added Bhat.

Latest Fintech News: ResponseCRM Integrates with Midigator to Simplify Payment Disputes

Lenders are able to offer competitive advantages through increased operational efficiency by creating a tailored homeowners insurance buying experience within their workflow. They can deliver a self-service borrower experience by allowing borrowers to see eligible quotes in less than 90 seconds and finalize a policy in just 15 minutes, saving an average 3 days in funding their loan.

“Our embedded insurance capabilities are providing a more personalized borrower experience, accelerating transaction timelines and intersecting with the customer when and where they need it most,” commented Ross Diedrich, CEO, Covered. “Roostify’s integration with Covered allows both organizations to truly elevate the home lending experience, with customer satisfaction and convenience at its core.”

Latest Fintech News: LeadsOnline Welcomes Strategic Growth Investment from TA Associates

Through this seamless experience within the lender portal, borrowers can explore multiple insurance quotes within minutes and quickly compare the annual premiums, dwelling limits, and deductibles. Within the Roostify platform, users can easily connect with Covered Insurance Advisors for education and support through the communication channel of their choice. This integration expedites the loan lifecycle by giving borrowers the flexibility to shop for the best quotes and choose their path to complete the homeowners’ insurance process.

The integration of the Covered Insurance Marketplace is another step forward in the digitization and simplification of the home lending process. It further highlights Roostify’s leadership and ingenuity within the space, along with the company’s continued commitment to help facilitate a better lending experience for both lenders and borrowers.

Latest Fintech News: CI Global Asset Management Advances Technology Toolkit with CapIntel

[To share your insights with us, please write to sghosh@martechseries.com]

Related posts

Vinci Partners Announces R$381 Million Capital Raise For New Industrial Development Strategy

Fintech News Desk

Scotiabank Partners with Google Cloud to Create More Personalized and Predictive Banking Experiences

Fintech News Desk

E-Complish Introduces Instant Debit Card Funding Solution

Fintech News Desk
1