Cision PR Newswire
New American Funding and EasyKnock Partner to Improve Housing Stability for American Homeowners
News provided byNew American Funding
Jan 24, 2023, 11:41 AM ET
New American Funding and EasyKnock to offer innovative solutions to underserved communities, helping customers to stay in the neighborhoods and school systems they love and have built their lives in
TUSTIN, Calif., Jan. 24, 2023 /PRNewswire/ -- New American Funding, one of the nation's largest, independent and Latina-owned mortgage companies, and EasyKnock, the first technology-enabled residential sale-leaseback platform, today announced their partnership that will offer programs that provide flexibility to American homeowners.
Through EasyKnock's residential sale-leaseback programs, New American Funding offers new, innovative solutions that will provide equal opportunity for homeowners to access their home equity through credible and non-traditional means, helping them to stay in their communities and school systems.
Together, New American Funding and EasyKnock are committed to helping customers access the home equity that they have earned and worked hard for, allowing these homeowners to pay off debts, provide for their families and unlock their financial freedom all while staying in the homes that they know and love.
As a leading lender to minorities in the U.S., New American Funding has made its mark as a business that is committed to supporting people of all backgrounds to achieve the dream of homeownership. The company focuses on helping those in underserved communities buy a home and secure their financial future through unique programs and initiatives. These efforts have led the company to be a leader in lending to Hispanic and Black borrowers.
"We've built our business on helping people from all walks of life, and this partnership will allow us to take those efforts to the next level," said Rick Arvielo, CEO and co-founder of New American Funding. "Through this partnership, we will expand our reach of people that we can help to remain in their homes and access equity for their financial planning. Working alongside EasyKnock, we hope to set our customers up for the future and establish a foundation for their success so they can work towards their goals."
EasyKnock's residential sale-leaseback programs provide an alternative means of realizing a benefit of homeownership — accessing the accumulated wealth in the home — often denied to homeowners who can't or don't want to take on additional debt. By selling their homes to EasyKnock and staying on as renters, customers convert their equity to cash, remain in their communities, and have the flexibility and control to repurchase the homes on their own timelines.
"Around a quarter of American homeowners cannot access their own equity in their homes because of strict lending restrictions, and we have teamed up with New American Funding to service these communities," said Jarred Kessler, CEO and founder of EasyKnock. "Together, our mission is to improve housing stability for our mutual customers, providing them liquidity, flexibility and control in their finances. We're excited about our alignment in purpose and value, and look forward to seeing what we can do for American families through our conjoined efforts."
About New American Funding
New American Funding is an independent mortgage lender with a servicing portfolio of 243,000+ loans for approximately $64.2 billion and more than 150 nationwide locations. In 2022, New American Funding was ranked #1 by J.D. Power in Customer Satisfaction among Mortgage Servicers. The company was also named #18 on the Fortune 100 Best Companies to Work For® in 2022 and has made Inc. 5000's list of Fastest-Growing Companies in America eight times. The company offers state-of-the-art career training and provides its branch Loan Officers with innovative technologies to streamline the mortgage process.
EasyKnock is the first-to-market, technology-enabled residential sale-leaseback company in the U.S. Through our innovative and accessible solutions, American homeowners who sell their property to EasyKnock can remain in their homes as renters while still getting the cash they need to pursue their financial goals. Headquartered in New York City and founded in 2016, EasyKnock has more than 120 employees nationwide working to help homeowners unlock their financial freedom through non-loan programs so they can pay off debts, buy their dream home, fund a venture, and more. For more information, please visit www.easyknock.com.
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SOURCE New American Funding