Fintech mortgage lender Neat Capital is now offering a corporate home loan benefit platform to allow participating companies to offer a home-financing benefit to employees.
Neat said the platform is designed to deliver financing education, integrate with payroll, and allow customizable benefits for all employees, including executive relocations. The platform has been piloted with a large health system and registered investment advisor groups.
The company said the platform provides employers with benefits such as expedited talent acquisition, increased productivity through quick turn times, and reduced financing costs for their workforce.
"Taking the friction out of home financing helps accelerate a company's recruiting activity, even if employees are making a regional move to simply improve their commute," Neat founder and CEO Luke Johnson said. "With Neat Capital, our clients receive fast approvals upfront so that they can make a cash-like offer on a home. This means that companies under our benefit program do not lose employee productivity to weeks of failed home bids, document chasing, and stressful unnecessary distractions."
Additionally, Neat said employees of participating companies will be able to access competitive financing terms and additional discounts on financing costs through the platform.
"In traditional corporate benefit programs, employees have a right to be skeptical of the real benefit that they're supposedly receiving – how can they be sure there is no extra cost being passed through as a higher rate, for example?" Neat President Ryan Brennan said. "That's one of the major benefits of affiliating with a modern transparent lender. Employers are assured that their employees are receiving a true benefit – there are no surprises."