RENOFI FOR CREDIT UNIONS
Accelerate direct member and loan growth with RenoFi's renovation underwriting platform.
RenoFi will source members and take them through our unique renovation underwriting process to assess their risk before taking on a RenoFi Loan — four advantages for you and your members.
RenoFi will do the work for you to drive renovation-ready, high-quality members to your credit union. Our advertising targets thousands of homeowners in your field of membership every single day and allows them to learn more and start the RenoFi Loan process on our website.
RenoFi has created the first-ever renovation underwriting digital platform that effectively analyzes renovation risk for all homeowners applying for RenoFi Loans.
Our system evaluates renovation plans, contractors, and our homeowners' finances to pre-qualify them for RenoFi Loans before they come to you.
RenoFi created RenoFi Loans to give homeowners a better option to fund home renovations. RenoFi Loans are second position home equity loans with the borrowing power of government-backed renovation loans like FHA 203ks and construction renovation loans.
By partnering with RenoFi, you can give your members access to more borrowing power than ever before for their most important life purchase: their home.
RenoFi serves as a RenoFi Loan concierge, educating homeowners on all aspects of the loan preparation process. We'll consult with homeowners on different renovation loan options and help them collect all the financial information and documents they'll need to apply, so you don't have to.
RenoFi homeowners are financially savvy and fully knowledgeable about RenoFi Loan products when they apply with our credit union partners.
RenoFi matches homeowners with a credit union that fits them, then stays with them through the loan.
"Amazing find. I started out by approaching your traditional lenders, both local and larger multi-national financial institutions. Stumbled upon RenoFi from an online search. They perfectly matched me w/ a credit union that suited my needs. I can't express how satisfied I am with their service (Lucas Jones) despite being skeptical at first due to the lack of history…"
"My first experience with a home loan for my home went very smooth with RenoFi. The process went fast, and it was a smooth transition with working with the credit union for the loan."
"…We were matched with an excellent credit union that I had not known about and got an excellent loan offer. RenoFi will help you find a good lender, and the process will be smooth. My husband does NOT like to do paperwork but we had no problems getting the loan closed quickly with the help of RenoFi."
"We contacted RenoFi after we started the renovation. Expenses went beyond our expectations. Then COVID hit. There was no way we could finish the renovations. Nowhere in the world you can get a loan that monthly payments this low. RenoFi has some GREAT people that made the process real easy for us. THANK YOU RENOFI for making our dream renovation come true!"
In 2020, RenoFi and its credit union partners generated over $1 billion of new loan volume demand and are on pace to 5x this in 2021.
ArdentCredit Union
"This unique product fills a need that isn't being met with traditional home improvement financing options." Rob WernerPresident & CEO, Ardent Credit Union
VibrantCredit Union
"By bringing the whole process online, we can better meet the needs of our members and use renovation as a new growth channel for member acquisition." Matt McCombsCEO, Vibrant Credit Union
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