Our goal is to ensure that each and every one of our dealer partners are equipped with the tools and resources they need to reach their full earning potential. That’s why we’re always enhancing our financial programs and improving our processes. We want to take this opportunity to ensure that you’re fully up to date on all of the enhancements we’ve made for you over the past few months.
240-Month Amortization: This unique product allows customers to spread their payments over a longer period, resulting in the lowest monthly payment options. It’s the first of its kind in the home improvement lending category and is designed to help you expand your customer base, increase your average ticket, close more deals, and boost your sales volume.
Residential New Construction Offers: For dealers who offer HVAC and water heating products, expand your business and increase your bottom line with competitive bids for new construction projects. This program equips you with customized packages and lease rates, guaranteed service for self-originated projects, access to all future service revenue for new construction opportunities, cash bonus incentives, payment directly upon installation, and more.
Bundling and Expanded Product Categories to Increase Your Average Ticket: You can now bundle multiple products and services into one loan application, which saves you time and increases the value of your transactions. What’s more, we’ve expanded the types of products and assets that you can fund through SNAP Home Finance. Expanded categories include landscaping, flooring, home renovations, hot tubs, and more.
Improved Acknowledgement of Acceptance (AOA) Process: We’ve simplified and streamlined the application process by digitizing the Acknowledgement of Acceptance, which means easy digital signing for them and less paperwork to manage for you. We’ve also made it easier and faster by allowing anyone in the home to sign the AOA form, not just the applicant.
Launch of Weblink 2.0: You can now close deals faster and more easily, plus generate more new leads for your business by having customers apply for financing directly from your own website.
Updated Proof of Employment Requirement: In order to further increase your approval ratios, you’ll be happy to hear that proof of Employment may no longer be required for loan applications under $25,000.
Improved Rate Buydown Program and Promotions: Close more deals and increase your sales by reducing the posted interest rate with lower dealer fees.
For more information on these, or any of our other programs or enhancements, please reach out to your Business Development Manager.