Energy efficiency is no longer a problem. New Business From Trade Ally Partnerships. A whole residential energy services industry has emerged that actively promotes residential energy efficiency financing. Developing relationships with home energy rating programs, energy efficient builders, utilities, and vendors of energy efficient products can result in new business opportunities for lenders. Your lending institution can expanded its market through active partnerships with these residential energy services providers.
Lenders Can Qualify More Buyers.
No Great Increase in Paper Work. Under the new Fannie Mae, Freddie Mac, FHA and VA guidelines, the underwriting process is reasonable and straight forward. Only one new form is required and that form is prepared by a home energy rating program. Lower Utility Bills Can Lead To Lower Client Defaults. Since your customers will have lower utility bills, they will have more financial resources to put towards their mortgage.