Innovative Financing Options for Contractors - WJ Bradley Powersaver Loan
22
1. Home Improvement Financing through PowerSaver Speaker: Thorne Butler Director, Public and Private Partnerships
-
Upload
california-center-for-sustainable-energy -
Category
Economy & Finance
-
view
485 -
download
1
description
n today's economy, it's tough for homeowners to find financing for their energy efficiency and renewable energy upgrades. This free workshop introduces a wide variety of residential clean energy financing products for energy efficiency, solar PV and solar thermal installations.We will also cover current clean energy rebates that also help bring down project and financing costs, improve the customer's ROI and increase the chance for contractor sales. Don't miss this opportunity to ask questions and talk with representatives from financial institutions over a networking lunch. Breakfast will also be provided. Space is limited, so register soon!Who Should Attend? Contractors working in the clean energy industry including: Home Performance Contactors Energy Advisors HVAC Contractors Insulation Contractors BPI Certified Professionals Solar Contractors Solar Integrators
Transcript of Innovative Financing Options for Contractors - WJ Bradley Powersaver Loan
1.
Home Improvement Financing through PowerSaver
Speaker: Thorne ButlerDirector, Public and Private Partnerships
2.
Communication and Collaboration Federal Agencies — D.O.E., HUD, and FHA
State Governments — Home Performance, Upgrade California
Nonprofits — CISE, CleanTECH
Utility Companies — San Diego Gas & Electric
3.
W.J. Bradley Mortgage Capital Corp. History
Established in 2003
Operates in 22 states
More than 80 branches
Growth primarily through acquisition
4.
W.J. Bradley Mortgage Capital Corp.
5080 Shoreham PlaceSuites 100, 102, 103, 103A, 105San Diego, CA 92122Phone: 858-952-0316
12275 El Camino RealSuite #100San Diego, CA 92130Phone: 858-345-4700
16885 W. Bernardo DriveSuite 350San Diego, CA 92127Phone: 858-217-5757
11455 El Camino RealSuite 300-2San Diego, CA 92130Phone: 858-345-4380
W.J. Bradley currently represents 12 % of the San Diego County market
5.
PowerSaver Program Details
Two-year pilot program
Specifically designed for Energy related upgrades
Introduced under Title I Guidelines
90% insured by FHA
No contractor-dealers
6.
PowerSaver Program Requirements $25,000 Maximum Loan Amount
$7,500 Minimum Loan Amount
15 Year Amortization
Minimum 660 FICO Score
100% CLTV
First Disbursement 50% at Work Commencement
Second Disbursement 50% at Work Completion
7.
Company Vision To take a leadership position in the energy-related
lending business
Create synergy among the varied components that make up the renewable and efficiency business cycle
Provide the necessary information to validate expenditures
Assemble the information and present it in a simple format
Give a homeowner the tools to make a decision based on financial and comfort considerations
8.
PowerSaver — OperationsApplication through Funding process emphasizes
speed and simplicity In the testing stages of a dedicated website:
powersaver.wjbradley.com.
Website will pre-qualify/disqualify applicant
Automated call triggered at credit
Dedicated Loan Officer will walk customer through process and schedule an appraisal/audit
9.
powersaver.wjbradley.com
10.
powersaver.wjbradley.com
11.
powersaver.wjbradley.com
12.
powersaver.wjbradley.com
13.
powersaver.wjbradley.com
14.
powersaver.wjbradley.com
15.
powersaver.wjbradley.com
16.
powersaver.wjbradley.com
17.
Home Performance Appraisal (HPA)
PowerSaver requires an appraisal
WJB will conduct an audit and appraisal (HPA)
Report will be available to contractor
Audit will fulfill requirements of applicable state or federal rebate programs
18.
Home Performance Appraisal (HPA)
19.
Contractor Services
Contractors will be pre-approved
A coordinator will assist the customer
Contractor Kits will support the ‘kitchen table” close
Deal flow will be bidirectional
20.
Why WJB?
One of only a handful of lenders selected to participate
Industry-leading turn times
Cutting-edge technology to track loans
Dedicated customer service
Recommendations of approved contractors
Fast contractor approval
21.
Contractor Approval SONTI BURNETTContractor Account ServicesW.J. Bradley Mortgage Capital Corp.Email: [email protected] 801-699-2048 Direct 801-285-9427
22.
Questions?THORNE BUTLERDirector, Public & Private PartnershipsW.J. Bradley Mortgage Capital Corp.Email: [email protected]: 435-729-0348Direct: 801-590-3853
