EnerBank recently launched a mobile loan app to provide more convenient and faster credit decisions for home improvement loans for both homeowners and home improvement contractors. The app is available for iOS and Android devices, and was built with a state-of-the-art credit engine—reducing credit decision times to less than a minute, while still providing access to EnerBank’s lending specialists for those who prefer to talk with a live representative.
Bryan Yurcan at American Banker recently profiled EnerBank’s decision to build its own app as opposed to licensing other technology about the launch of EnerBank’s new mobile loan app for contractors. Yurcan wrote about how banks need to respond to customer demands for more mobile solutions, and detailed how EnerBank is providing another choice for homeowners apply for their loans, giving the greatest flexibility to contractors to offer not only different payment methods to fund their home improvement projects, but also to apply for loans.
You can read the article here.