A news release said employers can offer it as part of their benefits package.
The company delivers the new offering through a private-labeled Web site that features a suite of advisory tools, ranging from informational opportunities to professional debt analysis, for assisting employees with sound homeownership decisionmaking, the announcement said. Through the benefit program, employers will be able to align employees to a preferred lender of their choosing, which could be a preferred banking relationship, or perhaps the employer’s credit union.
“Up to 42% of individuals’ income is allocated for household expenses, so what better way for employers to support their staff than with a comprehensive turnkey suite of mortgage advisory resources,” said Rick Seehausen, president and CEO of LenderLive, in the announcement. “When employees are empowered to appropriately address their financial concerns, it boosts their morale, productivity and sustainability. The iBenefitsPlus program also strengthens the housing market by giving people the information they need to make more informed, short- and long-term decisions.”