Hippo, Now Inside One’s Mortgage Process
The startup is offering a direct integration to one’s LOS (loan origination system) or POS (point of sale) with the following features: instant home insurance quotes, automatic access to policy’s Declaration Page, and real-time access to policy details; to name a few.
Also, according to a post published on Medium back in June 21, LendingQB is a partner. Recall: LendingQB is a CA-based SaaS company that provides software solutions to mortgage lending organizations. It was established in 2002 by Binh Dang and Tim Nguyen. LendingQB users will see a “Hippo Insurance” link on the main pipeline screen underneath each loan file. Clicking on the link will open a new window where users can quote and bind coverage.
BTW, Hippo isn’t LendingQB’s first insurance partner. Insurance technology company Comparity has partnered with LendingQB earlier this year to simplify the processing of home insurance during the mortgage closing process. And while on the subject of B2B2C strategies, there’s also Matic Insurance, a Los Angeles-based insurance startup that’s licensed in 50 states and integrates directly with mortgage lenders to provide homeowners insurance from “different ‘A’ rated carriers”.
Bottom Line: Hippo is currently available in California and Arizona, with plans to expand to Texas soon.
