OAKLAND, Calif., Jan. 18, 2017 /PRNewswire/ -- Mosaic, the leading U.S. provider of solar loan financing solutions for homeowners, today announced that Amir Friedman has joined the company as Vice President of Bank Partnerships. In this newly created role, Friedman will oversee Mosaic's whole loan sale program with banks, insurance companies, credit unions, and other financial institutions. He will also lead partnership efforts providing banks the opportunity to leverage Mosaic's premier technology platform and cross-marketing opportunities to offer enhanced solutions to banks' retail divisions and depository customers.
"Amir brings a track record of financial services experience and trusted relationships with the U.S. banking sector to Mosaic," said Billy Parish, founder and Chief Executive Officer at Mosaic. "Amir will be a huge asset to our growing capital markets team as we enhance Mosaic's offerings to financial institutions seeking exposure to high-quality secured consumer credit, originated by the nation's top residential solar providers."
Friedman previously served as Director of Capital Markets and Head of Bank Partnerships for Prosper Marketplace, where he was responsible for arranging over $500 million in whole loan sales. During his tenure, he developed partnership strategies, ensured organizational readiness for banks and onboarded banks as both whole loan purchasers and integrated loan product partners. With over 15 years of experience in financial services, banking and payments, he also held senior business development and capital markets positions at American Express and Prospect Capital. Friedman holds a Bachelors in Business Administration from the University of San Francisco and an MBA from the University of Chicago Booth School of Business.
"I am thrilled to join Mosaic and build on the company's success as a preferred lending partner," said Friedman. "Mosaic's best-in-class origination and servicing platform and consumer-friendly loan product designs have been recognized by the industry. I look forward to expanding bank access to secured prime and super-prime consumer receivables and leveraging multiple additional synergies presented by the company's cross-marketing programs and other partnership solutions."
The new appointment comes on the heels of Mosaic's recently announced $250 million warehouse facility with Deutsche Bank which was subsequently upsized to over $375 million.
Mosaic makes financing solar energy accessible and affordable for homeowners by providing the simplest borrower experience in the industry. Customers are connected to top solar installers and can qualify instantly for no money down loans with fixed interest rates and multiple term options. For solar installers, Mosaic provides a streamlined financing platform to drive sales growth. Since 2011, Mosaic has helped tens of thousands of people go solar with a network of over 150 installers. Mosaic has been honored by Fast Company as a Top Ten Most Innovative Company in Energy for two consecutive years. For more information, visit http://joinmosaic.com.
Contact: (510) 698-2038
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