Qualified Remodeler Magazine

JUL 2019

Qualified Remodeler helps independent remodeling firms to survive, become more professional and more profitable by providing must-have business information, namely best business practices, new product information and timely design ideas.

Issue link: https://qualifiedremodeler.epubxp.com/i/1141105

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Page 19 of 71

HOME IMPROVEMENT LOANS give consumers a viable option to pay for remodeling projects when they do not have much equity in their house or would rather not take on credit card debt. Many contractors recognize the value of offering finance packages that en- able clients to afford a job; how- ever, few of them have the time or bandwidth to absorb the services into their organization. A number of lenders now part- ner with remodelers to provide flexible choices for customers who could benefit from a home improvement loan. More compa- nies also have developed an app that can walk homeowners through the process and render a decision on their loan application before contractors leave the house, which can help close additional sales and increase their bottom line. Financing Facilitation A roundup of home improvement loan apps shows the capabilities and convenience they can aord remodelers who use them with customers. by Kyle Clapham EnerBank USA The EnerBank USA mobile loan app gives authorized contractors a new tool to oer cus- tomers who apply for a home improvement loan. Customers can transfer their application from the app to a live lender at any stage in the application process, and contractors have the ability to build custom loan templates that can jump-start the loan application process for their customers. Using the camera on their mobile device, customers can easily add contact infor- mation by scanning a state issued ID; after completing the application, customers typically receive a credit decision in seconds. Their personal information is secure and removed from the device, further- more, as soon as the application is complete and submitted. For more information about the EnerBank USA app, visit enerbank.com/mobile. GreenSky The GreenSky mobile app helps remodelers grow sales and satisfy their customers through a simplication and streamlining of the loan application process. Customers can receive a loan approval in minutes after submitting their application. Following up with them, moreover, has never been easier because contractors can keep track of recently submitted applications in one place. The company designed its Payment Estimator to assist customers in comparing monthly payments for dierent size projects side by side. For more information about the GreenSky app, visit greensky.com/mobile. TECHNOLOGY 20 July 2019 QualifiedRemodeler.com

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