RenoFi welcomes former NCUA Chairman to Board of Advisors
The next-generation home renovation financial technology company, RenoFi, announces the addition of Debbie Matz as a Strategic Advisor to support RenoFi’s mission in fixing renovation finance for homeowners across the country.
PHILADELPHIA, PA (October 1, 2020) — RenoFi, today announced the addition of Debbie Matz to the company’s Board of Advisors.
Matz, nominated by President Barack Obama and confirmed unanimously by the U.S. Senate, served as Chairman of the National Credit Union Administration from 2009-2016. She led the independent agency which insures, regulates and supervises federal credit unions.Matz oversaw the NCUA’s 1,200 employees, was responsible for protecting 6,000 federally insured credit unions and 103 million account holders and assets exceeding $1.3 trillion.
RenoFi, which provides a platform for financial institutions to safely offer borrowers renovation loans based on the home’s After Renovation Value, has been working with credit union partners to enhance their member product offerings, while generating a new, high growth channel of members. Matz will work alongside the team at RenoFi to bring RenoFi’s suite of industry-leading renovation loan products and demand generation solutions to new and existing credit union members across the country.
“We are beyond excited to welcome Debbie to our Board of Advisors. She brings a one-of-kind combination of regulatory compliance expertise paired with a deep and passionate understanding of credit unions to uniquely help RenoFi and our credit union partners pave the way in renovation lending” said Lee Miller, Co-Founder & President at RenoFi.
Debbie Matz, Strategic Advisor at RenoFi said: “The RenoFi product is a groundbreaking advance in providing credit union members the opportunity to finally receive an affordable loan that covers all of their home renovation costs. It’s also a terrific opportunity for credit unions to gain new members with RenoFi’s extraordinary digital marketing potential. I’m so pleased to be associated with the RenoFi team which has a proven track record in meeting the needs of consumers through technology.”
RenoFi makes renovations possible through purpose-built renovation loans, powered by our unique renovation underwriting platform. RenoFi Loans leverage a home’s “after renovation value,” allowing homeowners to borrow 11x more, on average, than a traditional home equity loan. RenoFi provides the only renovation underwriting platform enabling credit unions to offer a turn-key renovation lending program to new and existing members. RenoFi was founded in 2018 and is backed by the leading technology investors, including First Round Capital, Canaan Partners and Comcast Ventures. For more information, visit www.renofi.com.