Working in sales at RenoFi is a dream come true. With a best-in-class product, and more borrowing power than most other lenders can offer, a Renovation Advisor’s job at RenoFi is to make it easy for our homeowners to say “YES.” You’re the first point of contact for our homeowners, and you’re eager to build your book of business from a combination of self-sourced and RenoFi-generated leads.
A LITTLE BIT ABOUT YOU:
You’re internally motivated. You’re flexible and adaptable. You’re coachable and implement feedback well. You might make every mistake once, but you try not to make the same mistake twice. You’re a people person and a leader; everyone in your friend group looks for you to take charge.
You’re relentless – hearing the word “no” does not deter you. You know how to multitask, and you can manage the day-to-day of working with dozens of homeowners to help them find the loan that works for them. You know how to follow a process, but you can improve on it as well.
You’re not afraid of being in the trenches, and you’re excited about joining an early-stage company where you can have an outsized impact with outsized upside.
We are committed to hiring and cultivating a diverse team. If you are uncertain about whether you meet our requirements, please apply anyway!
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. RenoFi is creating a full suite of renovation loan products to better suit the needs of today’s 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.
RenoFi is backed by some of the best startup investors in the world, including First Round Capital, NYCA Ventures, CMFG Ventures, and Canaan Partners.