ATLANTA–(BUSINESS WIRE)–AmeriSave is doing even more than offering credit approval for mortgages in under three minutes. Now, homebuyers and home refinancers can also purchase and protect their homes and other household assets in mere minutes.
AmeriSave Mortgage Corporation, one of the nation’s fastest-growing privately held mortgage lenders, has launched AmeriSave Insurance Agency, in partnership with Hippo (NYSE: HIPO), the Silicon Valley-based home insurance group focused on proactive home protection, to provide a fast and easy way for homebuyers and homeowners to compare policies from dozens of carriers and get competitive pricing on a wide range of insurance products — homeowners, auto, boat, RV, umbrella, flood and more.
Obtaining home insurance is a critical step in the mortgage purchase process since homebuyers are required to have it before they can close on a home loan. But acquiring the necessary insurance has traditionally been a hassle, taking up to 30 minutes of filling out lengthy applications for each price quote.
With AmeriSave Insurance Agency homeowners can complete the entire purchase transaction in as little as four minutes. This is powered by Hippo’s proprietary technology which streamlines the process and eliminates antiquated steps.
“Homeowners need high-quality, trusted insurance products to protect their assets, but they want to obtain them efficiently and effectively,” said Doug Reynolds, President of AmeriSave Insurance. “The online platform we’ve created with Hippo streamlines the process by providing competitively priced insurance quotes from a range of brand-name carriers.”
“The launch of AmeriSave Insurance Agency is a continuation of our effort to provide value to borrowers throughout the mortgage process and make home ownership affordable and accessible,” said Mike Berte, President of AmeriSave Mortgage Corporation. “We are proud to partner with Hippo, with its proven track record as a high-quality, technology-enabled insurance provider, to meet our customers where they are to help them protect their most valuable asset, their homes.”
“Our partnership with AmeriSave is an important milestone for our fast-growing mortgage channel,” said Rick McCathron, CEO and President of Hippo. “Powered by modern coverage, smart home technology, and Hippo Home Care, Hippo is thrilled to help AmeriSave customers protect the joy of homeownership.”
A pioneer of digital mortgage origination, AmeriSave makes it easy to execute the loan process online and offers low rates for its different products, including conventional, jumbo, FHA, VA, and USDA loans. Many AmeriSave customers choose to “self-serve” all or most of their loan transactions with the company’s intuitive software that drives speed and significantly lowers the cost to produce a loan. In turn, AmeriSave passes the savings along to thousands of customers each month in the form of low rates.
AmeriSave Insurance Agency is a licensed property casualty insurance agency that provides quotes from multiple carriers. To learn more about AmeriSave and its services, please visit https://www.amerisave.com.
About AmeriSave Mortgage Corporation
Founded in 2002, AmeriSave Mortgage Corporation is a leading mortgage lender best known for pioneering the first truly digital mortgage experience to borrowers. With six major loan centers located across the U.S., AmeriSave is a direct-to-consumer lender, Equal Housing Lender, licensed in 49 states and D.C., not licensed in NY; FNMA, FHLMC, GNMA approved. For more information, visit www.amerisave.com. NMLS ID #1168. For licensing information, go to www.nmlsconsumeraccess.org.
About Hippo
Hippo is protecting the joy of homeownership, helping to safeguard customers’ most important financial asset by harnessing the power of real-time data, smart home technology, and a growing suite of home services to deliver proactive home protection.
Hippo Holdings Inc.’s (NYSE: HIPO) operating subsidiaries include Hippo Insurance Services, Hippo Home Care, First Connect Insurance Services, Spinnaker Insurance Company, Spinnaker Specialty Insurance Company, and Mainsail Insurance Company. Hippo Insurance Services is a licensed property casualty insurance agent with products underwritten by various affiliated and unaffiliated insurance companies. For more information, including licensing details, visit http://www.hippo.com.
Clinton Mora is a reporter for Trending Insurance News. He has previously worked for the Forbes. As a contributor to Trending Insurance News, Clinton covers emerging a wide range of property and casualty insurance related stories.