App aims to give underserved and “credit hesitant” access to its loan information center
Synergy One Lending has deployed a financial wellness application created to help increase its engagement with its mortgage customer base.
Through the mobile application called S1 FinFit, Synergy One aims to boost customer engagement and help first-time homebuyers develop their financial literacy. The San Diego-based mortgage banker said the app gives Synergy One “the opportunity to play a primary role in the consumer financial experience in mortgage and other consumer loan products.”
“We see this as just the beginning of our journey to truly differentiate the experience we can provide our clients and expand our relationship with them as a trusted source of all types of financial insights giving them the confidence and understanding they need to make good financial decisions,” said Steve Majerus, CEO of Synergy One.
S1 FinFit users can monitor their financial activity with the app, which also features tools for budgeting, credit score monitoring, goal setting, investment properties, and more.
“We view our solution as a tremendous pathway to reach the underserved and credit hesitant communities with an easy way to access our information center for loans,” Majerus said. “Ultimately, we expect to utilize consumer permissioned data access to improve the way in which we provide mortgage and other loan category solutions inside S1 FinFit.”
Synergy One currently does business in 44 states and has operational hubs in Roseville, Calif., Boise, Idaho, and Dallas, Texas. The company recently raised a $50 million corporate note financing, which it will use to accelerate the growth of its distributed retail and consumer direct channels.
