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E
Seal Loan Program
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Offered by Dynex Financial
with Viewtech
Dynex Financial has established an E
Seal Loan Center (Loan Center) to
implement residential third-party
financing programs on behalf of leading E
Seal participating utilities nationwide.
 | Key reasons why
utilities are reluctant to develop a
private label loan program:
 | Lack of knowledge
and experience with loan processing |
| Inability to
project loan volume |
| Inability to easily
and quickly coordinate the internal
finance, operations, customer services
and marketing resources necessary to
launch a new, comprehensive program |
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The development
of a Loan Center allows us to address
these concerns by offering a streamlined
"turnkey" residential financing process to
electric utilities. Unlike most banks or
finance companies, Dynex tailors programs
to utilities - not the other way around.
This highly customized approach to
financing gives clients the ability to
develop a loan program that meets their
individual goals and objectives.
By selecting the
Loan Center, your utility can provide
homeowners with a program that is
flexible, convenient, and affordable.
Following are some of the principal
reasons to consider when choosing this
Loan Center financing program:
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Program Experience: Viewtech is
an industry leader with over two decades
of utility program implementation
experience. Viewtech is the exclusive
provider of origination and servicing
for the E Seal and H.E.L.P. 2000 loan
programs. |
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Loan Funding: The Loan Center can
deliver a turnkey loan program at
interest rates below other unsecured
lenders with no recourse (i.e. bad debt
risk) to you. Low rates combined with a
quick streamlined process are the keys
for program success. |
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Control: The Loan Center provides
your utility with a level of
personalized service that is more
flexible than a bank. We design and
implement programs that allow utilities
to offer the benefits of centralized
processing (i.e. quicker start-ups and
lower costs) but still have as much or
as little participation as you desire. |
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One Stop Shop: The Loan Center
brings together Dynex Financial's
financial resources with Viewtech's
utility marketing and implementation
experience. Your utility can easily
access software, systems and services
for all your program needs, including
data tracking, contractor certification,
dealer network development, and field
inspection services. |
We invite you to
continue reading our qualifications and
discover why the Loan Center is the
correct choice for your utility's
residential financing program.
| Loan Product
Description:
| Loan terms of 5, 7,
10 and 15 years |
| Amounts financed
from $2,500 to $25,000 |
| Interest Rate to
customer set by Dynex Financial |
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Eligible improvements include central
heating and cooling systems and
related improvements (Duct
improvements, insulation, replacement
windows and doors, programmable
thermostats, electric air cleaners,
water heaters, etc.) |
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Eligible borrowers are home owners of
one to four unit properties.
Condominiums, vacation homes and
rental properties are eligible if the
owner is the borrower. |
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Program Goals: A primary goal of
typical utility-sponsored third-party
financing programs is to provide
single-family residential customers with
a loan product that encourages the
quality installation of an
high-efficiency system replacement when
their customers' primary heating and/or
cooling system becomes inoperable.
Utilities are finding that offering
financing is more cost-effective than
offering rebates. |
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Program Benefits: These are some of the benefits
that various stake holders derive:
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Customer/
Borrower Benefits
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Increases
confidence in the quality of the
equipment, the installation and
dealer's qualifications as a result of
the utility's involvement in the loan
process |
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Receives
more efficient equipment than they
might have otherwise purchased |
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Receives a
lower interest rate than is generally
available through credit cards |
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Reduces
overall energy costs by installing
more efficient equipment |
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Improves the
comfort and energy efficiency of home |
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Perceives
progressive utility is enhancing
customer service |
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Utility
Benefits
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Couples
utility's brand identity with a valued
service that extends beyond delivery
of a commodity |
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Increases
numbers of positive customer
transactions |
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Offers
customized financing with little
effort and cost |
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Strengthens
installation contractor/dealer
alliances |
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Promotes new
technologies, such as geothermal heat
pumps and heat pump water heaters |
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Promote new
services, such as extended warranties,
home security, etc. |
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Installation
Contractor Benefits |
Closes more
sales of high-margin equipment by
offering utility financing |
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Leverages
utility and manufacturer promotion of
high-efficiency equipment |
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Perceives
closer relationship with utility |
To Profiles |
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