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10 Innovation Excellence Awards 2021

Feeasy® continues to disrupt the real estate industry and its ancillary service sectors by increasing consumer accessibility to collateral-free financing through our national alliances with vendors.

Feeasy® continues to disrupt the real estate industry and its ancillary service sectors by increasing consumer accessibility to collateral-free financing through our national alliances with vendors.

Navigating online lending can be difficult. Borrowers are often left with many questions without much assistance from lenders. Enter Feeasy®, a vendor-driven national lending marketplace offering free one-on-one concierge service to borrowers.
On the Feeasy® website, vendors, including real estate agents, contractors and other providers of ancillary services within the real estate industry, can offer their clients hands-on guidance from a dedicated Feeasy® representative to browse and select pre-qualified offers from over 50 lenders for collateral-free loans up to $100,000 with terms up to 12 years, quickly decisioned, competitively priced and promptly funded online in as little as a day.

We interviewed Jac Credaroli and John Giannone, Co-founders of Feeasy®, to know more about the services offered. Here are a few excerpts of the interview:

Q. Why was Feeasy® created, and how has it evolved over the years?

Feeasy® was founded to provide clients of real estate agents nationwide with access to collateral-free financing for pre and post-sale improvements to increase the value of their properties and foster the agent-client relationship post-sale. Our model has since evolved to include financing solutions for services offered by stagers, contractors, tiny homes, and all other ancillary service sectors of the real estate industry.

Q. How do you serve and satisfy your vendors?

Feeasy® is a vendor-driven business serving vendors through a free, industry-first, one-on-one service called Concierge Premier™, linking borrowers to a dedicated Feeasy® representative to answer any questions, personally guide them through the credit inquiry process, facilitate matches with lenders within the marketplace, and enrich their overall experience. Additionally, the referring vendor receives real-time updates of clients’ status via our vendor portal accessible 24/7.

Q. What is the mission and vision of Feeasy®?

Our mission is to provide vendors within the real estate industry the ability to offer their clients convenient and competitive web-based financing solutions for their goods and services through a free, one-on-one concierge experience for their clients.

We envision continuing to disrupt the real estate industry and its ancillary service sectors by increasing consumer awareness and providing access to collateral-free financing through our strategic alliances with vendors nationwide. Our reach continues to grow within the real estate agent community organically, and our success in setting up vendor relationships has furthered our development.

Q. What are the benefits vendors receive for utilizing Feeasy®?

There are no fees or costs to the agent or client to use Feeasy®. They see an enhanced lead conversion rate, increased transaction speed, and improved client property values. Their clients see a greater home value, and the agent and brokerage receive a greater commission. For our other vendors, the benefits are increased transaction size and an expanded customer pool for those who may not have the cash upfront. Our vendors bear no risk or liability in offering our financing solutions. And the lenders sometimes fund in as little as a business day.

Q. How do you continue to disrupt the real estate industry?

Our ethos prioritizing personal interaction is our hallmark. Our representatives touch every deal that comes through our system regardless of size or eligibility. Further, we take the steps necessary to ensure we have assisted every borrower in facilitating a deal that works best for their needs. Our financing solutions are not collateralized by the real estate involved, terms are independent of the disposition of the home, and borrowers are free to use tradesmen of their choice.

Q. Take us through the journey and development of Concierge Premier™.

Internet lending is very unforgiving and leaves borrowers with many unanswered questions. We initially underestimated how unforgiving online lending could be and quickly noticed that the experience would significantly improve with a brief interaction between the borrower and a live representative. The Concierge Premier™ vendor portal system provides referring vendors real-time updates on their clients’ status 24/7.

Q. What are the benefits of collateral-free financing?

The collateral-free loans we facilitate are specifically based upon the borrower’s creditworthiness so there is no need for property valuations, appraisals, or filings that dramatically reduce time and increase cost. Additionally, a secured loan may take weeks to fund and be arduous for the borrower to finalize. Loans facilitated by Feeasy® can receive pre-qualified offers in seconds and can be funded in as little as one business day, all online.

About the Co-Founders

Jac Credaroli and John Giannone, the Co-founders of Feeasy®, have interesting backgrounds. They are cousins, born two days apart in the same year and hospital to twin mothers, raised in the same town. Both attended UCONN and received their B.A. in economics. They began in the industry as real estate agents in New York City in 2016 and quickly noticed the void in the market for a convenient means to access financing for renters, sellers, and buyers. After honing the business model with Stanley A. Moskowitz, Chairman, the three went on to found Feeasy®.

Our mission is to provide real estate agents and brokers, and other vendors nationwide the ability to offer their clients convenient and competitive web-based financing solutions for their goods and services.

Contact Info:

info@itsfeeasy.com

646-770-1456

itsfeeasy.com


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