OAKLAND, Calif., Nov. 30, 2021 /PRNewswire/ — Mosaic, a number one financing platform for U.S. residential solar and energy-efficient home enhancements, as we speak introduced it has surpassed $6 billion in loans funded via 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.
“As the impacts of climate change continue to grow, it’s inspiring to witness more and more people joining the transition to clean energy and lowering the carbon footprint of their homes,” stated Billy Parish, Founder and CEO, Mosaic. “The opportunity and challenge ahead of us is enormous: we need to upgrade the entire global housing stock to both address climate change and to adapt to the changes that are already with us.”
Mosaic additionally welcomed a brand new member to its Board of Directors. 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 completely different firms within the final 10 years.
Most lately, Mathoda served as CEO of Xome, a $1 billion portfolio of actual property knowledge and know-how companies she is credited with remodeling culturally and strategically whereas bettering annual earnings by $80 million in lower than two years.
“As Mosaic continues to experience rapid growth, we are excited to have Ray join our Board of Directors,” stated Parish. “With a track record for driving strategic, operational and financial success, we believe she will play a key role in our company’s continued growth.”
Mosaic makes financing solar, solar plus energy storage techniques and different sustainable home enhancements accessible and reasonably priced for householders by offering a quick and simple method to apply for financing choices. Customers are referred by authorized solar installers and home enchancment contractors, in addition to different ecosystem companions, and may get a credit score determination in minutes for no cash down loans with mounted rates of interest and a number of time period choices. Financing utilized for and processed via the Mosaic platform is originated by Solar Mosaic, LLC or one among its lending/financing companions. For our community of 1000’s of solar installers and home 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 home enhancements with its financing merchandise.