Buildertrend, the leading provider of cloud-based software for homebuilders, remodelers and specialty contractors, has partnered with personal loans provider Rocket Loans to simplify the home improvement financing process for residential contractors and homeowners. This is the first time Rocket Loans has collaborated with a construction project management software provider to streamline the process of applying for home improvement loans and consumer financing.
As homeownership rates across the country continue to rise, many of today’s homeowners are choosing to invest in their current properties and are seeking financing options for home improvement projects. In fact, 48% of homeowners in the United States plan to renovate their homes within the next two years and a third of which expect to spend more than $50,000 on renovations, according to the latest research from TD Bank.
To capitalize on an anticipated influx of remodeling projects, Buildertrend has integrated Rocket Loans into its platform, making it easy for contractors to recommend loan options for their customers based on project estimates, and for homeowners to explore and apply for financing, all directly through the Buildertrend platform.
“Historically, there’s been a disconnect between homeowners and contractors when it comes to financing, which is one of the most critical steps in determining the outcome of a remodeling project,” said co-founder of Buildertrend, Dan Houghton. “By partnering with Rocket Loans, we’re closing this gap and enabling Buildertrend users to play an integral role from the beginning, helping homeowners apply for the project loans they need to make their remodeling dreams a reality.”
Buildertrend’s all-in-one cloud-based construction management platform is designed to streamline every aspect of the residential construction process by eliminating paper-based processes, empowering contractors to avoid delays, reduce communication errors, and ultimately increase customer satisfaction. The Rocket Loans integration adds a new touch point between homeowners and contractors at the onset of any remodeling project, ensuring that all parties are aligned in terms of project budget and financing.
Buildertrend customers can apply to become a Rocket Loans merchant directly within the Buildertrend platform. Once approved, they will be able to seamlessly offer financing options to homeowners via Buildertrend’s Estimates or Proposals tools, or by inviting potential end-consumers to view loan product options during the pre-sale process.
To learn more about Buildertrend’s financing option with Rocket Loans, schedule a demo or visit buildertrend.com/rocket-loans.
Buildertrend is the #1 cloud-based project management software tool used by homebuilders, remodelers and specialty contractors. Trusted by nearly 1 million users across 58 countries, Buildertrend is the preferred platform for streamlining real-time collaboration throughout each stage of the construction process. To learn more about Buildertrend, visit buildertrend.com and @buildertrend.
About Rocket Loans
Rocket Loans provides online consumer loans and technology solutions that radically simplify the lending process. As part of the Rock Family of Companies, Rocket Loans brings decades of financial services experiences and the best in class client service to the unsecured consumer lending space. To learn more about Rocket Loans, visit RocketLoans.com.