Ygrene Announces Industry-Leading Change To Protect Customers’ Credit By Eliminating Hard Credit Pulls For Home Improvement Financing | News

PETALUMA, Calif.–(BUSINESS WIRE)–Jun 2, 2022–

Ygrene, one of the nation’s leading property improvement financing companies, announced today that effective immediately, their residential property improvement financing will no longer require a “hard pull” of consumers’ credit, preventing any impact to their credit score during the application and funding process.

Ygrene is now the only residential property improvement financing company to require only a “soft pull” of consumers’ credit information which provides the company with needed underwriting information to determine applicants’ eligibility without impacting their credit score – unlike a “hard pull” that can impact consumers’ credit scores. The new policy includes all eligible projects, such as impact windows and doors, solar, roofing, heating and air conditioning, and hundreds more, in all states where Ygrene currently offers residential financing.

“Our customers come first at Ygrene. With this change, we are once again underscoring our commitment to broadening access to critical energy efficiency, renewable energy, and severe weather protection property upgrades for homeowners across the country,” said Ygrene President and CEO Jim Reinhart. “By switching to exclusively soft pulls of applicants’ credit history, consumers can rest easy knowing that they can protect and upgrade their most valuable asset – their home – without harming their financial wellbeing. It has never been more important to ensure the widest possible access to these critical property upgrades, and we are proud to take this industry-leading step toward that goal.”

Ygrene’s “soft-pull” residential financing enhancement is the first of many product innovations that will launch in 2022 and beyond to better meet the needs of homeowners. To apply, visit https://prequalification.ygrene.com/prequal.

About Ygrene

Ygrene’s award-winning property improvement financing, with built-in consumer protections, is delivering greater choice for home and business owners by providing access to affordable financing for energy efficiency, renewable energy, water conservation, storm protection, and seismic upgrades. In addition, Ygrene financing has proven to be a successful tool for supporting public policy initiatives – at no cost to local government. By providing over $2.5 billion of private capital to more than 500 local communities, Ygrene has created tens of thousands of jobs and invested millions into local economies across the U.S. Learn more at ygrene.com.

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CONTACT: Morgan Hook

301-801-6949

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: PROFESSIONAL SERVICES OTHER ENERGY UTILITIES RESIDENTIAL BUILDING & REAL ESTATE ENERGY FINANCE CONSTRUCTION & PROPERTY

SOURCE: Ygrene

Copyright Business Wire 2022.

PUB: 06/02/2022 03:02 PM/DISC: 06/02/2022 03:03 PM

http://www.businesswire.com/news/home/20220602005689/en

Copyright Business Wire 2022.