Mosaic Surpasses $7 Billion in Loans Funded for Residential Solar and Sustainable Home Improvements

Announces Most significant Photo voltaic Loan Securitization to Date at $382.7 Million and Expands Govt Staff with Two New Hires

OAKLAND, Calif., April 21, 2022 /PRNewswire/ — Mosaic, a leading funding system for U.S. residential photo voltaic and energy-efficient home enhancements, today announced it has surpassed $7 billion in loans funded by means of the company’s platform. This milestone indicators a potent to start with quarter for the mission-pushed company, which also reached its best monthly loan volume to day in March.

“You can find a increasing worth of clear renewable energy as an economic engine, a local weather very important, and a make a difference of national stability,” explained Billy Parish, founder and CEO of Mosaic. “The urgency to produce very affordable financing choices for our companions and house owners is increasing, and Mosaic is uniquely positioned to enable guide this charge.”

The $7 billion milestone was passed in mid-March and was fueled by the company’s solid sector relationships, operational abilities and numerous cash associates. Mosaic also a short while ago completed a $382.7 million securitization. This was Mosaic’s major securitization to date and involved the addition of Fitch Rankings, ranking the senior (AA-) tranche of the transaction. Mosaic has now concluded 12 securitizations in excess of the study course of 6 yrs, which is additional than any other solar personal loan issuer in the room. Furthermore, Mosaic proceeds to build new forward circulation and direct origination partnerships with financial institutions, credit history unions, insurance policies corporations and asset professionals to even more fortify its diversified funding model.

Mosaic Expands Government Bench

As Mosaic continues to experience quick advancement, the business has added two new leaders to its workforce. Kim McNealy has joined as normal supervisor of dwelling improvement and stories to Patrick Moore, president and main operating officer. And Noura Panaritis has joined as senior vice president of organization applications and stories to Nagaraju Bandaru, main technology officer.

McNealy oversees the house advancement small business operations at Mosaic, building, deploying and retaining hugely aggressive items and providers during the residence advancement ecosystem, from OEMs, distributors and SaaS platforms, to installers and profits corporations. He has additional than two decades of experience in enterprise progress and consumer experience tactic targeted on substantial-progress, technologies-primarily based organizations.

As the SVP of enterprise purposes for Mosaic, Panaritis serves as the technological know-how enterprise associate for the sales, internet marketing, finance, functions and folks functions departments. She brings a verified keep track of record in go-to-industry, finance and operations technologies methods to Mosaic and most a short while ago labored at LightSpeed Commerce and J.D. Ability.

“We are honored to have Kim McNealy and Noura Panaritis be a part of our workforce,” stated Moore. “Their exclusive and powerful knowledge, coupled with their enthusiasm for expansion, make us incredibly thrilled for the influence they will have on advancing our mission.”

About Mosaic
Mosaic makes funding photo voltaic, photo voltaic furthermore power storage devices and other sustainable home improvements available and inexpensive for homeowners by offering a quickly and easy way to utilize for funding selections. Customers study about Mosaic by way of authorised photo voltaic installers and residence enhancement contractors, as well as other ecosystem partners, and can get a credit history determination in minutes for no dollars down financial loans with preset fascination charges and numerous time period possibilities. Financing utilized for and processed via the Mosaic system is originated by Photo voltaic Mosaic LLC or a person of its lending/funding associates. For our community of 1000’s of solar installers and household advancement contractors, Mosaic delivers a streamlined financing system to travel income expansion. Since 2012, Mosaic has helped additional than 220,000 homes switch to sustainable household improvements with its financing products and solutions.

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