INSURANCE SOLVED!

Shopping for insurance is a painful, confusing process.

Rate Barn solves that through its unique, innovative technology platform.

Rate Barn brings insurance shopping into the digital age!

Mortgage Lenders

Insurance Shoppers

Insurance Agents

Mortgage Lenders

Insurance Shoppers

Insurance Agents

HOW IT WORKS

Mortgage Lenders

The Problem

Your borrowers need homeowners insurance (HOI) for their mortgage, but you have no way to help. For borrowers, their insurance experience is annoying, time-consuming and rarely results in the best rate. For lenders, the process often results in delayed loan closings, chasing down paperwork and unhappy customers.

Rate Barn - Insurance Solved!
  • Incorporate HOI shopping seamlessly into your mortgage lending process.
    • Light Touch - The Rate Barn platform requires no IT integration work on your part.
    • Legally Compliant - Rate Barn’s innovative process provides a compliant way for you to help your borrowers shop for insurance and for you to easily obtain necessary HOI paperwork to complete the loan file.
  • Rate Barn shops HOI for your borrowers - never again send your borrower out into the wild.
    • Rate Barn’s platform provides your borrower 6 quotes from multiple local agents.
    • Unique in the industry - through our agent network your borrower gets both captive carrier quotes (e.g. State Farm, Allstate, Farmers) and non-captive carrier quotes (e.g. Travelers, Nationwide, Safeco) so they have full knowledge of the HOI rates for their specific property.
    • Your borrowers select their preferred quote right on their personalized Rate Barn dashboard, and then move forward to bind coverage.
    • Your borrowers get ease of shopping, get informed about their specific insurance rates, and select coverage all through our simple, easy to use platform.
    • By partnering with Rate Barn, your borrowers save money and you deliver a great customer experience!
  • Rate Barn delivers you closing HOI documents and a faster, better closing process.
    • Eliminate loan close delays caused by borrowers not getting insurance quickly enough and/or your team having to chase down HOI closing documents.
    • Be Informed - know your borrowers insurance company, local agent and rate (LTV) well before the closing date.
    • More client referrals - provide your borrower a better mortgage lending experience and distinguish yourself from lenders who send clients out to the wild for insurance.
  • Join us in bringing HOI during the mortgage lending process into the digital age!

Insurance Shoppers

The Problem

Shopping for insurance is a confusing, painful process. To get the best rate, you have to speak to multiple agents and provide your personal contact info. Agents try to “sell” you on things you don’t want and solicit you after. It’s difficult to compare rates and coverage. Worst of all, you never know if you got the best rate and the coverage you need. It’s exhausting!

Rate Barn - Insurance Solved!
  • Rate Barn offers its service to consumers exclusively through our trusted partner network, most often a mortgage lending partner.
  • Rate Barn’s proprietary technology platform seamlessly shops insurance for you.
    • Rate Barn sends you 6 quotes from multiple local agents in the Rate Barn Agent Network, including State Farm and Allstate agents.
    • Rate Barn’s Agent Network prepares personalized, real quotes for you at the coverage you need.
    • You’re almost guaranteed to save money using Rate Barn.
  • Your personal dashboard allows for easy comparison of quotes across multiple carriers.
    • We show you your home insurance discount if you choose to bundle auto.
    • And of course, you can bundle auto right on the Rate Barn platform at any time!
  • The quotes we provide are the same quotes you would get by contacting agents directly.
    • But with Rate Barn - you can compare all the top-rated carriers’ quotes without ever wasting time talking to an agent or providing your contact info.
    • Insurance shopping is finally simple and easy!
  • After reviewing your detailed quotes, select one on your personal Rate Barn dashboard to complete the process of binding your insurance.
  • Your personal info remains secure on Rate Barn’s Platform - you will never be contacted by an agent - until you select the agent with whom you wish to bind coverage.
  • Experience the Rate Barn way – we promise you’ll love the results!

Insurance Agents

The Problem

Finding the opportunity to quote qualified clients.

Rate Barn - Insurance Solved!

Rate Barn is a unique insurance technology platform. Here’s how it works:

  • Rate Barn partners with mortgage lenders to provide their borrowers a digital insurance shopping solution. Borrowers need HOI to complete the mortgage transaction. Lenders need paperwork to complete the loan file.
  • Through a simplified application, Rate Barn gathers all the information necessary for the agent to provide a personalized quote for the client.
  • Rate Barn sends quote requests to no more than 5 agents in the Rate Barn Agent Network. Only one agent representing each major insurance carrier will receive the quote request.
  • Agents easily submit quotes and monitor progress through a personalized Rate Barn agent dashboard. Rate Barn transmits all agent quotes to the consumer in a simplified, easy to use consumer dashboard.
  • At no point during the quoting process do you or your staff interact directly with the client. Only after the client has selected your quote do you work with the client to bind coverage.
  • Rate Barn - a better way to provide consumers the quotes they need!