New Vista Solutions and IncentiFind: Preparing to Roll Out a New Product for Mortgage Lenders — The Green Report
By Jesse Rivera, CEO at New Vista Solutions
In my last article, I referenced a new partnership between New Vista Solutions and IncentiFind, a dynamic new company that maintains the nation’s largest database of green incentives available to property owners. If you missed the original article, you can read it here: Going Green on New Construction or Energy-Efficient Renovations Can Put Money in Your Pocket — and Affordable Financing is Available.
As property owners become more aware of the potential cost savings associated with energy-efficient upgrades and the government-sponsored tax incentives available to them, there is an increasing demand for easy access to digestible information regarding green incentives. That’s why we created The Green Report.
IncentiFind’s database houses more than 8,000 green incentives available to property owners throughout the U.S. and is expected to soar to 12,000 before mid-2019. A simple survey on their website quickly identifies a list of incentives available in the project’s area. The Green Report further refines this list to only show incentives that qualify for that specific project.
As a leading provider of settlement solutions to the mortgage lending industry, New Vista is always looking for innovative products that serve the lending community. We believe we have such a product in The Green Report.
THE GREEN REPORT VALUE PROPOSITION —
The Green Report is a comprehensive list of government-backed and utility-funded incentives available to property owners when they construct, renovate or upgrade real property using energy-efficient, water-conserving and/or renewable products, materials or measures. It compiles all eligible incentives specific to each project (or building) that property owners construct, renovate or upgrade.
The Benefits to Mortgage Lenders:
We believe The Green Report will add value to any mortgage lender's suite of consumer services. Many property owners are not aware that green incentives exist. Having access to this database will position lenders as valuable sources of cost-saving information for property owners.
The information contained in The Green Report is also a powerful marketing tool for mortgage lenders when promoting loan programs that could finance commercial and residential projects involving green energy components.
Home Equity lenders will find this report especially useful when promoting home improvement loans.
Lastly, The Green Report is also available directly to property owners who are considering a green energy project and aren't yet working with a lender. New Vista Solutions will collect information from each IncentiFind order, including any interest the property owner has in obtaining financing for their project. The qualified lead's information will then be passed along to lenders within the New Vista network of lender partners that best fit the project based on loan amount, asset type and property location.
The Benefits to Property Owners:
Having this information available in a single report:
- Saves property owners time from sifting through government documents and websites for information on available incentives.
- Provides a level of confidence that the information, maintained in one database, is complete, current and accurate, thus maximizing the cost savings on each project.
- Presents the incentives in an organized format that property owners and project managers can use and understand.
The mortgage lending community — we want to offer lenders access to an information product that can be re-marketed to consumers and, at the same time, be used to promote any loan product that provides financing for construction and renovation projects involving green energy upgrades.
The Green Report is uniquely positioned to bring awareness of green incentives to the general public and to involve the lending community in a rapidly growing national initiative to improve our environment. There is no other resource available that can provide the level of detail of green incentive information as that found in The Green Report.
As we finalize our go-to-market strategy for this product, we would like to make sample Green Reports available for review, and invite feedback from the lending community.
We’ve also created a short 7-question survey to help us gather comments and suggestions from those who review the sample Green Reports.
If you would like to review the sample reports and participate in the survey, please click the link below.
You’ll be re-directed to New Vista’s website where you can provide your name and email address. Upon submitting your email address, you’ll immediately receive an email with links to the sample reports and access to the survey.
We appreciate your time and feedback.