August 10, 2022

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Mosaic Surpasses $8 Billion in Loans Funded for Residential Photo voltaic and Sustainable House Enhancements

Mosaic Surpasses  Billion in Loans Funded for Residential Photo voltaic and Sustainable House Enhancements

Firm on the cusp of serving to greater than 1 million folks prosper from clear power

OAKLAND, Calif., July 21, 2022 /PRNewswire/ — Mosaic, a number one financing platform for U.S. residential photo voltaic and energy-efficient dwelling enhancements, right now introduced it has surpassed $8 billion in loans funded via the corporate’s platform. This accomplishment marks yet one more success for the mission-driven enterprise, which has funded roughly $1 billion in loans per quarter this 12 months and in addition achieved its highest month-to-month mortgage quantity up to now in June.

“It is a second in time when it must be all palms on deck to assist extra households make the swap to wash power options,” stated Billy Parish, founder and CEO of Mosaic. “Along with our companions, we make sustainable dwelling enhancements extra accessible and reasonably priced for householders — which is much more essential with the influence of inflation and rising utility prices sweeping the nation. Now we have no plans of slowing down and won’t cease till we attain our imaginative and prescient of 100% clear power for all.”

The corporate handed the $8 billion mark in late June, lower than two months after asserting $7 billion in loans funded. The influence of this development places Mosaic on the cusp of passing one other main milestone — serving to greater than 1 million folks prosper from clear power. This consists of householders, contractors and their crews, Mosaic staff in addition to different gear suppliers and companions.

“After we began Mosaic in 2010, our mission was to empower tens of millions of individuals to prosper from clear power,” stated Parish. “I’m extremely happy with what we have finished to assist folks and the planet thrive, and eternally grateful to everybody who has made this potential. It should take all of us working collectively to assist the following million folks prosper.”

To help this substantial development, the corporate has additionally employed prime enterprise growth expertise, together with: Jamie Kline, Vice President of Enterprise Progress; Eric Torykian, HVAC Enterprise Growth Government; and Patrick Brokaw, Roofing Enterprise Growth Government.

“Jamie, Eric and Pat are confirmed business professionals, they usually joined our crew at a pivotal second within the firm’s development,” stated Parish. “With in depth expertise in renewable power and residential renovation, they’re already making important contributions for Mosaic and our companions.”

About Mosaic
Mosaic makes financing photo voltaic, photo voltaic plus power storage techniques, and different sustainable dwelling enhancements accessible and reasonably priced for householders by offering a quick and straightforward solution to apply for financing choices. Prospects find out about Mosaic via accepted photo voltaic installers and residential enchancment contractors, in addition to different ecosystem companions, and may get a credit score choice in minutes for no cash down loans with fastened rates of interest and a number of time period choices. Financing utilized for and processed via the Mosaic platform is originated by Photo voltaic Mosaic LLC or one in all its lending/financing companions. For our community of 1000’s of photo voltaic installers and residential enchancment contractors, Mosaic offers a streamlined financing platform to drive gross sales development. Since 2012, Mosaic has helped greater than 250,000 households swap to sustainable dwelling enhancements with its financing merchandise.

SOURCE Mosaic

Mosaic Surpasses  Billion in Loans Funded for Residential Photo voltaic and Sustainable House Enhancements