In 2022, Skylight emerged as a prominent player in the U.S. residential solar market, experiencing rapid growth due to increasing demand for its lending products. As the company’s portfolio expanded, it became evident to Skylight’s leaders that they needed a reliable loan servicing partner to support their growth. After evaluating options, Skylight decided to partner with Concord, a well-respected leader in the solar and home improvement industries.
Thomas Dungan, Chief Executive Officer of Skylight Lending, highlighted Concord’s contribution to their operations, stating, “Concord has really helped us to incorporate automation and gain efficiencies. As a result, time has become a valuable commodity that we now have reclaimed. We can now focus on improving our origination process and finding new bank buying partners that align with our long-term growth.”
The partnership between Skylight and Concord resulted in the completion of the full onboarding and implementation process in just six weeks, showcasing the efficiency and reliability of Concord’s services. Dungan emphasized the importance of a scalable partner and expressed satisfaction with Concord’s ability to meet their initial implementation timeline.
Beyond operational synergies, both Skylight and Concord share a strong commitment to advancing America’s clean energy future. Their collaboration aims to facilitate easier and more accessible solar investments for homeowners across the country.
Shaun O’Neill, President of Concord Servicing, expressed excitement about Skylight Lending joining as their newest client in the residential solar space. He emphasized Concord’s expertise in solar financing complexities and their capacity to scale rapidly to accommodate future growth, aligning perfectly with Skylight’s long-term goals as a lender in the clean energy and home improvement sectors.
Concord Servicing is a full-scope loan servicer that provides compliant, flexible, and scalable portfolio servicing solutions for loan originators and capital providers across various asset classes. With over three decades of experience, Concord has been delivering award-winning financial technology and support for unparalleled efficiency, accuracy, and flexibility.
Meanwhile, Skylight Lending offers consumer financing for solar, battery, and home improvement products nationwide. Their mission is to provide streamlined solutions that cater to a wide range of financing needs in a fast, reliable, and affordable manner. They are known for their exceptional customer service and commitment to delivering tailored, integrated support that exceeds their customers’ expectations.
Both companies operate with a shared dedication to supporting America’s clean energy future and are committed to making solar investments more accessible and affordable for homeowners. With Concord’s expertise in servicing complex loan portfolios and Skylight’s mission to provide efficient and affordable financing solutions, this partnership is poised to make a significant impact in the residential solar and home improvement sectors. For more information on how Skylight Lending can assist with efficient and affordable financing solutions, visit their website at http://www.SkylightLending.com.
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