How Is EnergyARM Valuable to Lenders?
By using the EnergyARM website and system, financial institutions can monitor the progress of energy audits and energy improvements in real time plus receive customized reports based upon the requirements of each lender. Since EnergyARM allows only certified HERS raters access to the REM/Rate software, the resulting reports and forms can be used for both Energy Efficient Mortgages (EEMs) and Energy Improvement Mortgages (EIMs). This nationally recognized approach to energy improvement lending allows the EnergyARM system to function long after the ARRA stimulus funding has run out. By using the time-proven HERS rater/lending process the lender can be assured that the resulting reports are developed by certified professionals who have to maintain their credentials and insurance levels in order to be allowed access to the software involved in the EnergyARM system.
