bankingciooutlook

New Strategies to Streamline Financial Solutions for Home Improvement

By Banking CIO Outlook | Thursday, July 18, 2019

Home improvement companies are offering strategic financial solutions for both the homeowners and contractor business partners. 

FREMONT, CA: Renew Financial rolls out new ideas to restructure its sales and business development teams. It has launched Property Assessed Clean Energy (PACE) financial solution for successful and long-term growth. The majors are taken to serve the market and provide more access to critical home improvement. Renew Financial's dedicated team focuses on addressing the needs of homeowners and contractor business partners. The team includes a field-based business development manager, contractor training manager, and an office-based account manager to deliver a quick, easy, and affordable home improvement service.    

PACE facilitates the speedy approval process and flexible payment terms to access the trusted home improvement contractors form Renew Financial’s selected and screened list. It also provides installations of solar panels, quick replacement of windows and doors, roof upgradation and makes the home more energy-efficient with safety measures. Under PACE, the applications are approved frequently with zero fees at the time of application. The fixed rates and extended repayment terms have no prepayment penalties which allow the customers to pay the finance anytime.

The initiative brings in an efficient combination of finance and clean-energy experience at an affordable cost for the homeowners. The streamlined approach helps in streamlining the application and funding process.  The applying process is performed electronically with qualifying procedures. PACE eliminates the FICO requirements and upfront fees, enabling the flexible repayment terms, tax benefits, due transfer to the new owner, fixed and competitive rates, along with supporting environmental health. 

Renew Financial, a home improvement financial company, provides administer solutions and multiple financial products. The new program, PACE enables finance opportunities in terms of renewable energy, energy efficiency, wind mitigation upgrades, water conservation, and other costs. 

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