Provides a platform that offers employers a no-cost home purchase assistance program, combining mortgage brokerage services with commission rebates from real estate partners to deliver an average of $4,000 in savings per employee. This program improves employee retention and recruitment by making homeownership more accessible, while reducing financial barriers without direct costs to employers.
Funding
Funding not disclosed
Founders
Product
Problem
Many employees face financial challenges when trying to purchase a home, impacting their ability to relocate for new job opportunities or achieve long-term financial stability. Traditional home purchase assistance programs can be costly and complex for employers to administer.
Solution
HomeDay offers a no-cost home purchase assistance program for employers to provide their employees. The program combines mortgage brokerage services with commission rebates from real estate partners, providing an average of $4,000 in savings for employees. HomeDay also offers support throughout the home buying process, including insurance savings, credit repair assistance, and connections to real estate agents. By making homeownership more accessible, HomeDay aims to improve employee retention and recruitment without direct costs to employers.
Target Audience
HomeDay's primary customers are employers looking to enhance their employee benefits package to improve retention, recruitment, and financial wellness, as well as employees seeking assistance with the home buying process.
Features
- Mortgage rate discounts
- Negotiation of agent rebates and concessions
- Coverage of closing fees
- Homebuying concierge service
- Insurance savings through partnerships with insurance providers
- Credit repair assistance through partnerships with credit repair services
- Refinance options with zero refinance fees
- Automated employee experience with a company-branded page