At
RenoFi, we’re revolutionizing the way homeowners approach renovations. With an innovative platform, we connect homeowners with financing solutions that make their renovation dreams a reality. As a Mortgage Loan Officer with
RenoFi, youβll be at the forefront of this change, helping clients navigate their mortgage options without needing to self-source.
In this role, you will work with leads provided by
RenoFi, guiding homeowners through the mortgage process. Your role will focus on using your mortgage expertise to offer the best possible solutions to our clients without the need for renovation lending experience or self-sourced leads.
RenoFi is committed to building a diverse and inclusive team. We believe various backgrounds and experiences contribute to our mission of transforming the renovation lending industry. If your experience doesnβt perfectly match the requirements, we encourage you to apply anyway and tell us why youβd be a great fit for this role!
ABOUT US
The demand for home renovations has never been stronger, yet, it’s surprisingly difficult for a new homeowner to renovate. It can take a decade to build up enough home equity and savings to pay for a major renovation. As a result, recent homeowners do a lot of financially-suboptimal things to compensate like borrow from their 401k, rack up credit card debt, and use high-interest personal loans. Or they just live unhappily for years in a home that doesn’t meet their family’s needs.
But by completing a major renovation, homeowners are increasing the value of their home. Professional real estate investors leverage this After Renovation Value (ARV) to roll the increase in value into new properties all the time. But there hasn’t been a great way for homeowners to take advantage of this. If homeowners had an ability to borrow against the ARV, they could increase their borrowing power up to 10x.
To meet this need,
RenoFi created a platform that enables homeowners to borrow funds from
RenoFi approved lenders in the form of the first home equity loan purpose-built for renovations! Unlike standard home equity loans,
RenoFi Loans use the value of your home post-renovation which lets you borrow the most money at the best possible terms.Β
RenoFi is creating a full suite of renovation loan products to better suit the needs of todayβs homeowners!
For homeowners,
RenoFi makes it possible to renovate years earlier than might be otherwise feasible. For contractors, we empower the financing of renovations at the point of sale, reducing instances of scope reduction, and ensuring prompt payment. Our lender partners, most often credit unions, rely on
RenoFi’s platform to generate loans, create efficiencies, and grow membership. The lenders pay
RenoFi for the new loans, which allows us to offer our services to homeowners for free.
RenoFi is truly a win-win-win for everyone involved.