NEW YORK–(BUSINESS WIRE)–Matthew Covi, co-founder and CEO of Chimney, an award winning fintech that provides embedded solutions to help homeowners unlock home equity, has been recognized by HousingWire as a 2022 Tech Trendsetter.
HousingWire’s Tech Trendsetters award program honors the most impactful technology leaders serving the housing economy. After evaluating a competitive field of candidates and hundreds of award submissions, HousingWire named Covi as one of its 2022 Tech Trendsetters for driving innovation within the housing industry at Chimney. Covi joins the ranks of previous HousingWire Tech Trendsetter award winners who are raising the bar for innovation in the mortgage space, which include executives from industry-leading companies such as Black Knight, CoreLogic, Rocket Homes and more.
Under Covi’s leadership as co-founder and CEO, Chimney has become the first company to offer a platform for homeowners that combines financial wellness with property data to give homeowners actionable advice about unlocking home equity, understanding home value, borrowing power, and access pre-qualified offers – all directly embedded within online and mobile banking. As a result, Chimney makes it significantly easier for homeowners to access the equity in their homes to consolidate debt, fund home improvements, or buy a second home – while financial institutions gain access to rich customer data and immediate cross-sell opportunities.
“The average American homeowner has more than $200,000 in home equity. Yet, nearly one in two Americans are struggling financially to make ends meet, according to recent survey data,” said Matthew Covi, co-founder and CEO of Chimney. “Owning a home is the largest source of wealth for consumers and given the economic climate, today’s homeowners need to be able to access their home equity quickly and easily. However, there is no real solution to help consumers tap their home’s equity without waiting several days or even weeks, but the good news is that Chimney is changing that.”
Covi continued, “It is truly an honor to be recognized by HousingWire for the positive impact Chimney’s technology is making for homeowners. Our goal is to help homeowners enjoy greater financial security and freedom while also empowering financial institutions to foster deeper engagement and loyalty with this valuable customer segment.”
“The HW Tech Trendsetters award gives us the opportunity to spotlight the names and faces behind the tech companies that are transforming the housing economy,” said HousingWire Editor and Chief Sarah Wheeler in a press release. “These innovators are critical to the outstanding performance of their mortgage and real estate clients and have, yet again, surpassed all expectations by tackling some of housing’s most pressing issues.”
Chimney’s homeownership platform is the latest addition to the company’s product suite, which also includes its award-winning financial calculators. Today, Chimney serves more than 85 financial institutions across 35 states, which include several top banks and credit unions by asset size, as well as some of the nation’s largest lenders. Given the company’s growing client roster, more than 2 million consumers are engaging with Chimney’s tools each month. This rapid growth demonstrates increased demands among consumers and homeowners for tools and resources that are personalized to their financial journey.
About Chimney
Chimney is on a mission to help U.S. homeowners get the most out of life’s biggest investment: their home. With its embedded financial platform, Chimney gives homeowners the personalized guidance and insights they need, when they need it, to make smarter financial decisions. By leveraging open bank data, Chimney’s platform enables financial institutions to engage homeowners with proactive product recommendations and other embedded offers unique to each homeowner’s financial situation. Chimney’s homeownership platform is the latest addition to the company’s product suite, which includes its award-winning financial calculators. Winner of the FinovateSpring 2021 Best of Show, Chimney’s solutions are built for the digital age – designed to engage and win more customers, capture better customer data and move leads faster. That’s why the company is trusted by over 70 of the top financial institutions nationwide, including banks, credit unions and lenders.
For more information, visit www.chimney.io.
