SAN FRANCISCO, May 3, 2017 /PRNewswire/ -- Unison Home Ownership Investors, the leading provider of home ownership investments, won the 'Best of Show' award during FinovateSpring 2017 at the San Jose Convention Center, April 26-27.
Co-CEO Jim Riccitelli took center stage at the conference to showcase the power of Unison's platform—its Unison HomeBuyer and Unison HomeOwner programs. As the originator and leader of the home ownership investment category, Unison connects institutional investors with consumers who need capital to buy a home or homeowners seeking liquidity from their home without borrowing. The result is a partnership—Unison provides financing to home buyers and homeowners that can be used for up to 30 years with no interest charges or monthly payments. As an investing partner, Unison shares in the change in value of the home upon sale – up or down.
At FinovateSpring 2017, over 60 financial technology companies were selected to demo their programs in under seven minutes. Unison was selected one of eight innovators honored with the 'Best of Show' award. The winners were chosen by an audience vote based on demo quality and impact potential of the innovation—only attendees unaffiliated with presenters and event organizers influenced the results.
"We're honored to receive this recognition alongside such an innovative pool of leaders in today's financial technology space," said Jim Riccitelli, co-CEO of Unison. "The Unison team will continue on its mission to make home ownership investment a mainstream way to buy and finance a home across America."
FinovateSpring is a demo-based conference for innovative startups and established companies in the fields of banking and financial technology. Held in San Jose, the event offers an insight-packed glimpse into the future of money via a fast-paced, intimate, and unique format. FinovateSpring is organized by The Finovate Group. For more information on the event or to view videos of previous demos, please visit finovate.com.
About Unison Home Ownership Investors
Unison introduced the home ownership investment category in 2007. Unison provides homeowners with long-term financing in exchange for the opportunity to share in the gain or loss in the home's value when they decide to sell – up to 30 years later. There are no interest charges or monthly payments on the investment. Over the last decade, we've become the largest home ownership investor and expanded nationwide by working with lenders, regulators and institutional investors to integrate home ownership investing into the U.S. housing finance system. What sets Unison apart is true partnership: we invest at the same home value as the homeowner and share with them the downside risk and upside potential - in Unison.
Unison HomeBuyer opens the door for people to buy the home they want with less debt and risk, typically by doubling the purchaser's down payment. This larger down payment makes it easier to qualify for a loan, increases buying power, lowers the monthly payment and/or allows a buyer to reserve cash. Unison HomeOwner provides cash now to current homeowners without the added debt or payments of a home equity loan or HELOC. Homeowners use the money to eliminate debt, remodel, pay for school, invest, or as a cash cushion for financial stability.
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SOURCE Unison Home Ownership Investors