Mosaic Surpasses $8 Billion in Loans Funded for Residential Sun and Sustainable House Enhancements
Corporate at the cusp of serving to greater than 1 million other folks prosper from blank calories
OAKLAND, Calif., July 21, 2022 /PRNewswire/ — Mosaic, a number one financing platform for U.S. residential sun and energy-efficient house enhancements, as of late introduced it has surpassed $8 billion in loans funded during the corporate’s platform. This accomplishment marks but every other luck for the mission-driven industry, which has funded roughly $1 billion in loans according to quarter this 12 months and likewise completed its best per thirty days mortgage quantity to this point in June.
“This can be a second in time when it needs to be all arms on deck to assist extra households make the transfer to wash calories answers,” stated Billy Parish, founder and CEO of Mosaic. “In conjunction with our companions, we make sustainable house enhancements extra obtainable and inexpensive for house owners — which is much more necessary with the have an effect on of inflation and emerging application prices sweeping the rustic. We don’t have any plans of slowing down and won’t prevent till we succeed in our imaginative and prescient of 100{039cb3d497d13c0517cca4e380353306ecb88d60826931115685fbb7eed37c07} blank calories for all.”
The corporate handed the $8 billion mark in overdue June, lower than two months after pronouncing $7 billion in loans funded. The have an effect on of this expansion places Mosaic at the cusp of passing every other primary milestone — serving to greater than 1 million other folks prosper from blank calories. This contains house owners, contractors and their crews, Mosaic staff in addition to different apparatus providers and companions.
“After we began Mosaic in 2010, our challenge used to be to empower hundreds of thousands of other folks to prosper from blank calories,” stated Parish. “I’m extremely happy with what we now have executed to assist other folks and the planet thrive, and endlessly thankful to everybody who has made this conceivable. It’s going to take all people running in combination to assist the following million other folks prosper.”
To fortify this really extensive expansion, the corporate has additionally employed best industry building ability, together with: Jamie Kline, Vice President of Industry Expansion; Eric Torykian, HVAC Industry Building Government; and Patrick Brokaw, Roofing Industry Building Government.
“Jamie, Eric and Pat are confirmed business execs, and so they joined our crew at a pivotal second within the corporate’s expansion,” stated Parish. “With in depth enjoy in renewable calories and residential renovation, they’re already making important contributions for Mosaic and our companions.”
About Mosaic
Mosaic makes financing sun, sun plus calories garage programs, and different sustainable house enhancements obtainable and inexpensive for house owners through offering a quick and simple option to observe for financing choices. Shoppers know about Mosaic thru licensed sun installers and residential growth contractors, in addition to different ecosystem companions, and will get a credit score determination in mins for no cash down loans with fastened rates of interest and more than one time period choices. Financing carried out for and processed during the Mosaic platform is originated through Sun Mosaic LLC or one in all its lending/financing companions. For our community of 1000’s of sun installers and residential growth contractors, Mosaic supplies a streamlined financing platform to power gross sales expansion. Since 2012, Mosaic has helped greater than 250,000 families transfer to sustainable house enhancements with its financing merchandise.
SOURCE Mosaic
