Cherry Creek Mortgage Implements Innovative Insurance Solution
Denver, CO - Cherry Creek Mortgage Company (CCMC), a leading independent mortgage company, today announced an integration with the Covered Digital Insurance Marketplace. With this partnership, CCMC's homeowner and homebuyer customers can now easily purchase home insurance, shopped and compared from over 25 top national and regional carriers.
In just minutes, customers can find the right coverage for the right price and deliver the needed documents to Cherry Creek Mortgage for the closing process. Customers can take advantage of digital features such as Chat with an Agent, Schedule a Call, and Call Me Now to speak with one of Covered's certified insurance agents enhancing the CCMC customer experience during the lending or refinancing process.
“Shopping for insurance can be difficult and time-consuming,” said CCMC CEO & President Jeff May. “We're making the home buying process easier for our customers by removing that obstacle for them.” CCMC Chief Technology Officer Darren Shaffer added, “We're continuing to improve the borrower experience by eliminating extra steps with an easy to use, integrated process.”
Covered's API, implemented into CCMC's proprietary Borrower Portal in just four weeks, provides the data integration to support both new purchase and refinance applications. Customers can easily opt-in via the Borrower Portal to receive quotes, request to talk with an agent, review coverage/limits, bundle policies, and complete their purchase — right from the comfort of their home.
Covered CEO and Co-Founder Ross Diedrich said, “It all began when Cherry Creek Mortgage Company expressed an interest in helping customers shop for insurance during the mortgage process. We offered a solution to expedite and simplify insurance shopping digitally. CCMC recognizes the importance of long-term customer relationships. Covered's ability to create additional value while removing another obstacle to closing helps enrich their customer connections and retention.”
About Cherry Creek Mortgage Company
Cherry Creek Mortgage Company Co., Inc. NMLS #3001 has a 33-year tradition of serving the needs of home buyers across the country. With a reputation built on a passion for responsible lending and dedication to personal relationships, Cherry Creek Mortgage has helped thousands of customers realize their goal of home ownership. Cherry Creek Mortgage's specialized internal processes and proprietary technology deliver a digital mortgage experience with a personal touch. The company is headquartered in Colorado and is licensed in Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Florida, Idaho, Illinois, Indiana, Iowa, Kansas, Louisiana, Maryland, Michigan, Minnesota, Montana, Nebraska, Nevada, New Jersey, New Mexico, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Washington, Wisconsin, and Wyoming. Learn more at cherrycreekmortgage.com.About Covered Insurance Solutions, Inc.
2020 HW Tech100 Mortgage Winner: Covered Insurance Solutions
Covered Insurance Solutions is a digital insurance marketplace making insurance shopping smarter and simpler through its integration with partners in the loan origination, servicing and real estate channels. Covered plays a critical role in the digital mortgage by providing unbiased insurance options at exactly the right time in each mortgage transaction.
About Covered Insurance Solutions, Inc.
Radian Invests in Covered Insurance Solutions
Denver, CO - Covered is honored to announce Radian Group Inc.’s investment and partnership to continue growing our disruptive digital insurance solution that delivers the leading just in time, one-stop insurance solution for the digital era to real estate, loan origination, and mortgage servicing companies.
About Covered Insurance Solutions, Inc.
Brad Goedken Joins Leadership Team of Covered Insurance
Denver, CO - Mortgage Industry Veteran brings 25+ years of Implementation Expertise to Leading Digital Insurance Agency
Covered Insurance Solutions, Inc. (Covered), an independent digital insurance marketplace, today announced the recent appointment of Brad Goedken as Executive Vice President and Head of Implementation Services. Goedken joins the leadership team at a crucial time, as the insurtech gains traction and accelerates key implementations in the first quarter of 2020.
Goedken is a mortgage industry and technology expert. He previously served as an advisor to Covered on operations and planning. Goedken brings significant experience having served in senior leadership roles at Bank of America, Wells Fargo, and Citi. In addition to driving the TRID implementation for SunTrust Mortgage, he has built and implemented origination systems and optimized servicing solutions. Goedken is a Veteran with distinguished service as an Air Force Captain.
“Covered couldn’t have asked for a more seasoned and accomplished implementation expert at this critical growth juncture,” said Covered Co-Founder and CEO Ross Diedrich. “Brad’s experience leading and executing successful channel partnerships with operational thoroughness and exceptional partner satisfaction provides the subject matter expertise that our partners expect. We’re grateful to have Brad on the team.”
“I’m pleased to join Covered at this exciting time of growth and opportunity,” said Goedken. “Covered is uniquely positioned to reshape insurance offerings for our Mortgage Partners and ultimately create an improved experience for our mortgage partner customers.”
About Covered Insurance Solutions, Inc.
Covered Insurance Partners with Homebot
Denver, CO - Covered Insurance Solutions announces a new partnership with Homebot, a personalized financial dashboard empowering homeowners to maximize their wealth.
Covered Insurance Solutions (“Covered”), an independent digital insurance marketplace, announced today that it has partnered with Homebot, a personalized financial dashboard that empowers consumers to maximize their wealth through homeownership.
Through this new partnership, Homebot's loan officer and real estate agent customers may enable Covered content to help homeowners review, compare and purchase the best insurance policy at the best price in just minutes. Homebot adds to the slate of engaging content it offers and continues to set the industry standard for innovative client-for-life technology.
“Consistent with Homebot’s mission to help homeowners build wealth through homeownership, it's also important to help them protect this wealth. Covered's best-in-class insurance technology makes it easy for consumers to understand how to adequately insure their home at the best price,” said Ernie Graham, CEO of Homebot.
For Covered, this is a strategic opportunity to be in front of homeowners on a tech-forward platform at the exact time homeowners need to shop for insurance.
“Homebot's innovative brand and utility with loan officers and real estate agents makes them an ideal partner for Covered,” said Ross Diedrich, Covered CEO. “We are pleased to build on Homebot's reputation for simplifying the complexities of home ownership with a naturally integrated homeowners insurance product that creates new value and engagement.”
About Homebot
Founded in 2015, Homebot empowers millions of consumers to build wealth through homeownership with an award-winning financial dashboard provided by their loan officer or real estate agent. This personalized dashboard gives homeowners and buyers multiple financial scenarios to build wealth. Lenders and real estate agents leverage Homebot to maximize their repeat and referral business while building client-for-life relationships. With an average 50% monthly engagement rate, Homebot ensures lenders and agents remain the trusted advisor consumers rely on to make informed decisions about the largest asset they may ever own, their home. Homebot is based in Denver, Colorado.About Covered Insurance Solutions, Inc.
Covered is the smarter, easier, and faster way to buy homeowners insurance. We are an independent, consumer-first insurance agency focused on making insurance easy to understand and painless to purchase. Our integrated online marketplace combines intuitive technology with a human touch to help consumers quote, compare, and purchase the right coverage at the best price in minutes. We partner with mortgage lending, servicing, and real estate providers to make the home-buying process seamless. Covered is innovating insurance: We are a Housingwire 2018 & 2019 HW Tech100™ winner and one of Kairos' "50 World-Changing Startups to Watch in 2019." Learn more at https://www.itscovered.com/ and follow us on Facebook, Twitter, and LinkedIn. Covered is based in Denver, Colorado.
Volly Bolsters Marketing Automation Platform With Addition of Digital Insurance Marketplace Provider Covered Insurance Solutions
Denver, CO - Volly, an industry-leading provider of SaaS-based Marketing Automation, CRM and POS solutions for banks and mortgage companies, is excited to announce the addition of a new client to its Marketing Automation platform - Covered Insurance Solutions (Covered).
Covered is a digital insurance marketplace that gives homebuyers the ability to purchase and renew homeowners insurance in a simple, streamlined interface. Working through direct implementations with mortgage lenders and servicers, Covered provides their new and existing homeowners with multiple unbiased insurance quotes from top-rated local and national insurance carriers.
For borrowers, Covered removes stress from a traditionally challenging but necessary process. Those on the loan origination side benefit from a reduction in financing timeframes and closing issues.
“The Covered model is one we greatly admire and overlays perfectly with the Volly Marketing Automation platform,” said Volly CEO Jerry Halbrook. “Combining Covered's business model with Volly's leading-edge technology creates a customer journey that's both highly customized and deeply personal to improve engagement and increase ROI."
“Volly's marketing automation platform accelerates Covered's ability to market effectively and efficiently to our homeowners at every point in their homeownership cycle,”
About Volly
Volly simplifies lending technology and digital and print marketing solutions for banks and mortgage companies, including many of the top lenders in the nation. The Volly Platform is a fully integrated cloud-based Software-as-a-Service platform that combines Customer Relationship Management (CRM), Point of Sale (POS) and Marketing Automation with digital- and print-based marketing as well as custom websites and industry-leading personalized creative marketing services. For more information, visit www.MyVolly.com or call (866) 435-7050.
About Covered Insurance Solutions, Inc.
About New Capital Partners
New Capital Partners (NCP) is a private equity firm comprised of former operators headquartered in Birmingham, Ala. NCP partners with niche, tech-enabled services companies in the healthcare, financial and business services industries. Leveraging its extensive operational experience, NCP helps create significant value in portfolio companies by focusing on one core goal: Building Great Companies. For more information, visit www.newcapitalpartners.com.
Co-Founder and CAO, Chris Diedrich, selected as one of 50 honorees for a 2019 HousingWire Insiders Award
DENVER, CO - Covered Insurance Solutions (“Covered”), an independent digital insurance marketplace, is proud to announce that its Co-Founder and Chief Administrative Officer, Chris Diedrich, has been selected as one of 50 honorees for a 2019 HousingWire Insiders Award.
The Award recognizes key insiders who playscritical roles in the daily operations of housing industry companies, often working behind-the-scenes but on mission critical activities.
At Covered, Diedrich is responsible for Human Resources, Legal, Administration, Partner Implementation, and Culture. He was nominated by his colleagues for his professionalism, dedication, and critical role in the daily operations of Covered. His energy, attention to detail, and embodiment of Covered's core values of collaboration, generosity, accountability, transparency, and excellence are exemplary and motivating to his clients and colleagues.
"As a champion of excellence, Chris is a key player at Covered,"
said CEO and Co-Founder Ross Diedrich. "When Chris and I started the company, we had a vision to transform the insurance industry and deliver an amazing customer experience. Much of an amazing customer experience happens behind the beautiful digital design - behind the curtains. Chris can always be counted on to do whatever it takes to be a best-in-class company. He is a great leader, business partner, role-model, and friend. Seeing him, my brother, receive this recognition makes this award all the more special."Please see the links below for additional information from HousingWire.
About Covered Insurance Solutions, Inc.
Covered is the smarter, easier, and faster way to buy homeowners insurance. We are an independent, consumer-first insurance agency focused on making insurance easy to understand and painless to purchase. Our integrated online marketplace combines intuitive technology with a human touch to help consumers quote, compare, and purchase the right coverage at the best price in minutes. We partner with mortgage lending, servicing, and real estate providers to make the home-buying process seamless. Covered is innovating insurance: We are a Housingwire 2018 & 2019 HW Tech100™ winner and one of Kairos' "50 World-Changing Startups to Watch in 2019." Learn more at https://www.itscovered.com/ and follow us on Facebook, Twitter, and LinkedIn.
Covered Insurance Secures SOC II Attestation
DENVER, CO - Covered Insurance Solutions (“Covered”), an independent digital insurance marketplace, announced today that it has completed a SOC 2Ⓡ Type 2 audit, further evidencing the company's steadfast commitment to ensuring data privacy and security. Linford & Company LLP, a highly respected certified public accounting and information security firm, administered the audit. They attest to Covered meeting SOC 2 standards and guidelines for the security, availability, and processing integrity of the systems Covered uses to process users' data, and the confidentiality and privacy of the information processed by these systems.
“Covered takes information security very seriously, and we work diligently to ensure that our customers' information is managed in the safest way possible,”
said Chris Diedrich, Chief Administrative Officer, Covered. “In obtaining our SOC 2 certification, Covered is taking another step in demonstrating our commitment to customers and partners that we will be responsible stewards of their data.”The SOC 2 audit and attestation allow Covered to continue building trust and confidence in its systems and processes, demonstrating to its partners that it is a safe and dependable partner in the highly regulated insurance and mortgage industries. This audit, one of the industry’s most difficult to obtain, provides validation of Covered’s ability to protect highly confidential customer data through its security procedures and operations.
Not only has Covered completed a SOC 2 audit, but it also ensures that all transactions meet Truth In Lending Act (TILA), Real Estate Settlement Procedures Act (RESPA), the Gramm-Leach-Bliley Act (GLBA), Telephone Consumer Protection Act (TCPA), and Consumer Financial Protection Bureau (CFPB) regulations.
About Covered Insurance Solutions, Inc.
Covered is the smarter, easier, and faster way to buy homeowners insurance. We are an independent, consumer-first insurance agency focused on making insurance easy to understand and painless to purchase. Our integrated online marketplace combines intuitive technology with a human touch to help consumers quote, compare, and purchase the right coverage at the best price in minutes. We partner with mortgage lending, servicing, and real estate providers to make the home-buying process seamless. Covered is innovating insurance: We are a Housingwire 2018 & 2019 HW Tech100™ winner and one of Kairos' "50 World-Changing Startups to Watch in 2019." Learn more at https://www.itscovered.com/ and follow us on Facebook, Twitter, and LinkedIn.
Ross Diedrich, CEO and Co-Founder, is a 2019 HousingWire Rising Star
Denver, CO - Covered Insurance Solutions (“Covered”) is pleased to announce that its CEO and Co-Founder, Ross Diedrich, is a 2019 HousingWire Rising Star. The Rising Stars class of 2019 represents the best young leaders in the mortgage industry.
Covered makes insurance easy to understand and painless to purchase with an award-winning customer experience and innovative digital marketplace. Customers can find top carriers with the best coverage options at the best price in a streamlined, simple interface. Partners in the real estate, loan origination, and mortgage servicing industries can seamlessly integrate a value-added benefit for customers and prospects to remove friction from a traditionally challenging, but critical process.
The 2019 Rising Stars represent the most outstanding young leaders in the mortgage industry.
“I'm honored to be recognized as a Rising Star, but honestly I think it's the Covered team that deserves this award," said Ross Diedrich, Co-Founder & CEO. “It takes collaboration and excellence -- two of Covered's core values -- to earn recognition like this, and I couldn't be luckier to work with such motivated, talented colleagues.”
To learn more about Ross and Covered, click below to check out HousingWire's Executive Conversation with Ross.
About Covered Insurance Solutions, Inc.
Covered is the smarter, easier, and faster way to buy homeowners insurance. We are an independent, consumer-first insurance agency focused on making insurance easy to understand and painless to purchase. Our integrated online marketplace combines intuitive technology with a human touch to help consumers quote, compare, and purchase the right coverage at the best price in minutes. We partner with mortgage lending, servicing, and real estate providers to make the home-buying process seamless. Covered is innovating insurance: We are a Housingwire 2018 HW Tech100™ winner and one of Kairos' "50 World-Changing Startups to Watch in 2019." Learn more at https://www.itscovered.com/ and follow us on Facebook, Twitter, and LinkedIn.
About HousingWire
HousingWire is the most influential source of news and information for the U.S. mortgage and housing markets, boasting a readership that spans lending, servicing, investments and real estate market participants as well as financial market professionals. With over 4 million annual unique visitors, HousingWire is the community for mortgage and housing professionals to engage and connect. Industry decision makers rely on us to Move Markets Forward.
Covered Is A Panelist in Calyx Webinar on May 9th
Denver, CO - Covered Insurance Solutions (Covered) is excited to be a panelist in a free, educational webinar hosted by fellow 2019 HousingWire Tech100 winner, Calyx Software (Calyx) on May 9th from 11:00 AM - 11:45 AM CDT. This webinar is focused on accessing Homeowners Insurance in Calyx Point. Here’s a brief overview from Calyx:
- Order HOI quotes through Point in a few simple steps
- Provide more HOI options to your borrowers than your competitors
- Gain control over the HOI process while increasing borrower satisfaction
If you or your organization use Calyx Point, and you would like to participate, please sign up for the webinar here: http://bit.ly/calyxwebinar
We would also like to take this opportunity to congratulate our fellow HousingWire Tech100 Winner, Calyx Software, on this remarkable achievement. We are excited to provide integrated product offerings together.
Can’t wait to see you at the webinar!
2019 HW Tech100 Winner: Covered
By combining the latest technology with a human touch, Covered provides a digital ‘human-like’ experience where borrowers can shop and buy with confidence in minutes.
Covered Insurance Solutions Partners with Realty ONE Group to Offer Innovative Home Insurance Solution
Covered Insurance Solutions, Inc. (Covered), an independent digital insurance marketplace, is excited to announce its partnership with Realty ONE Group, an innovative, real estate brokerage. On March 24, these two industry disruptors officially launched their partnership at the 2019 ONE Summit in Las Vegas, NV.
By integrating with Realty ONE Group’s home-buying platform, Covered will provide home buyers with the ability to easily compare and purchase home insurance. When home buyers are ready to purchase their new home, Covered will provide multiple unbiased insurance quotes from top-rated local and national insurance carriers. The seamless platform integration eliminates the pain from the insurance-shopping process, delighting customers while reducing closing issues and time frames.
Inc. Magazine names Covered Insurance Solutions one of 50 World-Changing Startups to Watch in 2019.
Denver, CO - Covered Insurance Solutions (“Covered”) was recently named by Inc. Magazine as one of 50 world-changing startups to watch in 2019. This title comes from Kairos, an early-stage investment fund searching for exceptional startup companies and founders who are working to solve the most pressing problems in their industries.
Covered was chosen out of a pool of 4,000 startups from 65 countries and has been awarded a $50,000 investment from Kairos.
“Covered is honored to join the other 49 high impact startups and receive this recognition from Inc. Magazine,” said Ross Diedrich, Covered’s Co-Founder and CEO. “This recognition means a great deal to our team at Covered, as we work every day to make insurance easy to understand and painless to purchase.”
About Covered Insurance Solutions, Inc.
Covered is the smarter, easier, and faster way to buy homeowners insurance. We are an independent, consumer-first insurance agency focused on making insurance easy to understand and painless to purchase. Our integrated online marketplace combines intuitive technology with a human touch to help consumers quote, compare, and purchase the right coverage at the best price in minutes. We partner with mortgage lending, servicing, and real estate providers to make the home-buying process seamless. Covered is innovating insurance: We are a Housingwire 2018 HW Tech100™ winner and one of Kairos' "50 World-Changing Startups to Watch in 2019."
Learn more at https://www.itscovered.com/ and follow us on Facebook, Twitter, and LinkedIn.
Learn more about Kairos here - http://kairoshq.com/
Covered Insurance Solutions is pleased to announce the addition of mortgage servicing industry veteran Robert Brennan as its new Chief Revenue Officer.
Brennan previously joined Covered’s Advisory Board in June 2019. He has been instrumental in advising the company on its channel partner strategy and product development efforts. Prior to joining Covered as CRO, he served as EVP of Corporate Strategy & Business Development at mortgage servicer Specialized Loan Servicing (SLS), a subsidiary of Australian-based Computershare.
Covered is pleased to announce the expansion of its executive team with the addition of Mickey Freeman, Chief Operating Officer, who brings operations, marketing, partnership, and scale-up expertise.
Freeman brings 25 years of general management, operations, and marketing experience in technology-driven companies, social enterprises, and national nonprofits. Prior to Covered, Mickey served as President and Co-Founder of Education Funding Partners, a leading social Certified Benefit Corporation and digital marketing company connecting consumer brands with public schools.
Covered Insurance Solutions Adds Mortgage Servicing Executive To Advisory Board
Covered Insurance Solutions, Inc. (“Covered”), a technology-driven provider of homeowners insurance for the mortgage ecosystem, today announced the recent appointment of Robert S. Brennan as a new member of their Advisory Board.
Covered Insurance Takes Action to Help Families with Critically Ill or Injured Children
Covered Insurance made a sizeable donation to the MBA Opens Doors Foundation in Washington, DC. that will provide assistance to families with a critically ill or injured child across the country by making their mortgage payments.
Insurance startup Covered plans expansion after capital raise
Seed round of funding brings investments from venture capital firms
Covered Raises $700K Seed Round to Streamline Choosing and Buying Home and Auto Insurance
Mortgage Lenders and Consumers Can Access Insurance Quotes From Top Insurance Providers
Can the American Heartland Remake Itself in the Image of Silicon Valley? One Startup Finds Out
For years cities across the country have been trying to become the "Next Silicon Valley." As more industries become digitized being a Tech Company is fast becoming the everyday main street business way of life. Follow Ross Diedrich as he navigates starting a complicated business in a town better know for Rocky Mountain Highs than technology venture capital deals. Does Colorado have what it takes to become the next tech hub, or does that even matter any more?
How will technology impact loan originators in 2017?
In 2016, there was an explosion of new tech-focused lenders, origination platforms, and other tools to help professionals provide consumers with a better experience. This year, loan originators will be the deciding factor in which technologies are adopted — and which die. Here is what five experts have to say about it.
VC firm Moderne Ventures reveals its 2018 Passport Class
These companies are breaking boundaries for the commercial and residential real estate industries with smart tech, business automation and platform solutions that are solving real business challenges for the industry, and outside it, to better service clients and increase transactional efficiencies.
Built In Colorado's 50 Startups to Watch in 2018
Covered simplifies the process of buying insurance for home, auto, renters or commercial properties by allowing users to compare prices and options from different carriers and purchase coverage through the platform with the help of a licensed agent.
2018 HW Tech100 Winner: Covered
By combining the latest technology with a human touch, Covered provides a digital ‘human-like’ experience where borrowers can shop and buy with confidence in minutes.
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