Foundation Finance has joined Versatile’s platform to provide current and future customers with powerful tools to build a comprehensive, customized financing program.
Mechanicsburg, Pa. – April 5, 2021 – Versatile Credit Inc. (Versatile) recently announced the addition of Foundation Finance to its Omnichannel financing platform as a prime and near-prime lending option for clients in the home improvement market. The addition of Foundation bolsters Versatile’s network of over 25 prime, near prime and no-credit-needed lending providers as the company looks to continue the expansion of lending choice in the home improvement vertical.
“We are excited to work with Foundation Finance to expand our home improvement offerings. Foundation is a great option to help consumers secure financing for their home improvement projects with great promotional programs in this booming market.” said Vicki Turjan, President and COO of Versatile Credit, “Versatile’s platform can provide an immense amount of value to contractors and home improvement organizations looking for the tools to build a comprehensive, inclusive financing program for customers across the FICO spectrum.”
“Foundation is excited to be a part of the Versatile platform,” said Andrea McCullion, Chief Business Development Officer at Foundation Finance Company, “Being a part of the Versatile ecosystem is a competitive advantage, both for Foundation and contractors. The technology is especially helpful for contractors looking for help to close in-home sales with a quick, frictionless financing process, while remaining accessible to consumers at all levels.”
With Versatile’s platform contractors and other home improvement organizations will be able to leverage an array of self-service technologies, including tablets, consumer mobile devices, assisted applications and e-Commerce, to safely apply for financing while providing options to choose the application methods that are right for their organization, processes and customers — wherever, whenever and however their buying decision is made, whether that’s online, over the phone or in-home. Once applicants enter their information into the finance application they receive a financing decision. Upon a decline applicants are seamlessly transitioned to secondary and tertiary providers, helping to ensure they are maximizing potential financing opportunities regardless of their credit score. This process can reduce overall denials by up to 40%.
Organizations can also use Versatile’s console and analytics tools to gain actionable insights to benchmark their financing program’s performance while also streamlining processes from order and job management to authentication and settlement. Versatile’s platform can integrate with existing CRM, ERP and other backend systems to provide even deeper functionality by leveraging and augmenting an organization’s existing technologies and processes.
About Versatile Credit Privately held, Versatile Credit offers a technology platform that enables retailers to build a financing program with leading lending providers, innovative financing solutions and engaging customer experiences — leading to more finance applications, more approvals and more sales. For more information about Versatile Credit, visit versatilecredit.com.
About Foundation Finance Company Foundation was founded in 2012 through the partnership of an experienced management team and Garrison Investment Group. Foundation specializes in point-of-sale home improvement financing programs across the credit spectrum, including revolving lines of credit, installment loans and promotional financing. Foundation operates in all 50 states and serves more than 8,000 home improvement contractors and hundreds of thousands of homeowners nationwide. For more information, visit foundationfinance.com
