BlackFin Group partners with Savvy on homeowner insurance digitization

03 March 2020 Consulting.us

Consulting firm BlackFin Group and Savvy, a tech firm which provides a leading price comparison tool for homeowners insurance, have partnered to provide professional services support to mortgage lenders.

In the past six years, Savvy’s API price comparison platform has been recognized by major US insurance carriers as the premier homeowners insurance price comparison tool. Integration, adoption, and usage on the lender side, however, can be difficult because of the consumer engagement step, so they often require an implementation partner.

Savvy has partnered with mortgage industry specialist BlackFin Group to support lender clients with implementation, adoption, and utilization. Founded last year by CEO Keith Kemph in Irvine, California, BlackFin supports mortgage banking clients with training, application development, and consulting.

BlackFin Group partners with Savvy on homeowner insurance digitization

The mortgage lending process is complex, and a key pain point is waiting for the consumer to send their homeowners insurance deck page, as the consumer can take weeks to shop, decide, buy, and send the necessary materials. “Bottom line, Homeowners Insurance has historically been a major speedbump on the way to loan close. While we can’t automate the consumer human decisioning and purchase process, what we can do is provide them the critical tools to shop, decide, buy, and send the deck page within minutes,” said Frank Bellio, founder of Savvy.

Bellio added, “For lenders to effectively streamline the homeowner’s insurance process on every loan, using SAVVY, requires a unique approach from both a mortgage loan process and technology standpoint. Over the last five years, BlackFin Group has routinely demonstrated their ability to effectively solve for this at the lender level through their clear and concise consulting approach, utilizing both their expertise in lender loan process engineering and mortgage technology. We are excited to now formalize our partnership.”

According to a release from the companies, over 70% of consumers who use the price comparison tool save money and buy the insurance from one of the results provided.

“We couldn’t be more excited to partner with SAVVY who we’ve long respected and admired for their innovation to solve challenges in the loan process, while bringing significant value to the consumer and lender,” said Keith Kemph, CEO of BlackFin.


More news on
×