PHILADELPHIA–Former NCUA Chairman Debbie Matz has been named to the Board of Advisors at RenoFi, which provides a platform for financial institutions to offer borrowers renovation loans based on what it calls the home’s After Renovation Value.
Matz served on the NCUA board from 2002-05, and then returned and served as chairman of NCUA from 2009-16. In between Matz served as EVP/COO with Andrews Federal Credit Union.
RenoFi said it has been working with credit union partners to enhance their member product offerings, while generating a new, high growth channel of members.
"We are beyond excited to welcome Debbie to our board of advisors. She brings a one-of-kind combination of regulatory compliance expertise paired with a deep and passionate understanding of credit unions to uniquely help RenoFi and our credit union partners pave the way in renovation lending” said Lee Miller, co-founder and president at RenoFi.
Added Matz, “The RenoFi product is a groundbreaking advance in providing credit union members the opportunity to finally receive an affordable loan that covers all of their home renovation costs. It’s also a terrific opportunity for credit unions to gain new members with RenoFi’s extraordinary digital marketing potential. I’m so pleased to be associated with the RenoFi team which has a proven track record in meeting the needs of consumers through technology.”