COSTA MESA, Calif. (PRWEB) December 20, 2017
LendingQB, a provider of lean lending loan origination technology solutions, and Hippo have partnered to integrate Hippo’s Home Insurance solution mortgage app into LendingQB’s Loan Origination Software (LOS). The integration provides lenders with a cloud-based user interface that enables borrowers to get compliant home insurance for customers at a better price, instantly.
Hippo is the California-based insurtech company that is transforming home insurance for savvy homeowners. LendingQB’s integration with Hippo creates new efficiencies for lenders to get an instant quote for earlier DTI and more accurate LE and closing disclosures. Policies have appropriate replacement costs, and the EOI is delivered automatically with the lender’s mortgagee clause included.
“The borrower of the future is increasingly becoming an online-first consumer,” said Assaf Wand, CEO and Co-Founder of Hippo Insurance. “Lenders who leverage our solution will enjoy the many benefits of Hippo insurance. From a faster quoting process and online binding within minutes to a streamlined and accurate underwriting and processing, leaders who recommend Hippo will earn lifelong customers who will appreciate modern coverage and personalized customer service for years to come.”
“Our lenders appreciate having the option to use a point-of-sale tool that fits their particular business model or workflow,” said David Colwell, Vice President of LendingQB Strategy. “Partnering with Hippo Insurance reaffirms our commitment to ‘Leaner Lending and Better Borrowing.’ Our expertise in APIs and LOS best practices allows us to deliver the best solutions to enhance the lending experience for our lenders and their borrowers.”
LendingQB offers a true SaaS loan origination solution dedicated to absolute efficiency through modern technology and extensibility. Utilizing the OpenAPI framework, LendingQB's LOS can link arms with innovative companies such as Hippo Insurance and deliver on the promise of a true digital lending experience. LendingQB was cited in the STRATMOR Group’s December 2016 Technology Insights report as achieving an end user effectiveness rating of 93 percent and a vendor satisfaction rate of 97 percent, top marks amongst major LOS providers.
About Hippo Insurance
Hippo is on a mission to transform home insurance for the modern household. Among its many innovations, Hippo allows homeowners to get a quote and purchase home insurance online in approximately 60 seconds, save up to 25 percent compared with traditional insurers, and obtain coverage that is much more relevant to modern households than ordinary policies. This includes protection for possessions like appliances, consumer electronics and home offices. Founded in 2015 by Assaf Wand and Eyal Navon, Hippo Insurance made its debut in the insurance marketplace in April 2017, after raising an initial $14 million to reinvent home insurance. The company is headquartered in Mountain View, California. For more information, visit http://www.myhippo.com.
LendingQB is a provider of Lean Lending solutions for residential mortgage banking organizations. The Lean Lending solution consists of a 100 percent web browser-based, end-to-end loan origination system, best of breed integrations with key industry partners and ‘adoptimization' services that result in faster cycle times and lower costs per loan. For more information, please call 888.285.3912 or visit http://www.lendingqb.com.