Mosaic Surpasses $6 Billion in Loans Funded for Residential Photo voltaic and Sustainable Residence Enhancements

OAKLAND, Calif., Nov. 30, 2021 /PRNewswire/ — Mosaic, a number one financing platform for U.S. residential photo voltaic and energy-efficient residence enhancements, right now introduced it has surpassed $6 billion in loans funded by means of the corporate’s platform. This announcement comes simply 4 months after the corporate surpassed $5 billion in loans, and 9 months since $4 billion in loans was introduced.

“Because the impacts of local weather change proceed to develop, it is inspiring to witness increasingly more individuals becoming a member of the transition to wash vitality and decreasing the carbon footprint of their houses,” mentioned Billy Parish, Founder and CEO, Mosaic. “The chance and problem forward of us is gigantic: we have to improve the whole international housing inventory to each deal with local weather change and to adapt to the modifications which can be already with us.”

Mosaic additionally welcomed a brand new member to its Board of Administrators. Rayman (Ray) Mathoda is a seasoned CEO with shut to twenty years of expertise within the areas of fintech, proptech and banking. With substantial board expertise spanning the general public, personal and non-profit sectors, Mathoda efficiently led and remodeled 5 totally different corporations within the final 10 years.

Most just lately, Mathoda served as CEO of Xome, a $1 billion portfolio of actual property knowledge and expertise companies she is credited with reworking culturally and strategically whereas bettering annual earnings by $80 million in lower than two years.

“As Mosaic continues to expertise speedy progress, we’re excited to have Ray be part of our Board of Administrators,” mentioned Parish. “With a observe file for driving strategic, operational and monetary success, we consider she is going to play a key position in our firm’s continued progress.”

About Mosaic
Mosaic makes financing photo voltaic, photo voltaic plus vitality storage methods and different sustainable residence enhancements accessible and inexpensive for householders by offering a quick and straightforward approach to apply for financing choices. Clients are referred by accredited photo voltaic installers and residential enchancment contractors, in addition to different ecosystem companions, and may get a credit score determination in minutes for no cash down loans with fastened rates of interest and a number of time period choices. Financing utilized for and processed by means of the Mosaic platform is originated by Photo voltaic Mosaic, LLC or one among its lending/financing companions. For our community of hundreds of photo voltaic installers and residential enchancment contractors, Mosaic offers a streamlined financing platform to drive gross sales progress. Since 2012, Mosaic has helped greater than 180,000 households change to sustainable residence enhancements with its financing merchandise. 

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SOURCE Mosaic

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