Oro provides customizable housing benefits designed to alleviate employee financial stress related to rising housing costs. This program offers meaningful relief to the workforce while helping employers control payroll expenses and improve overall productivity. By offering housing stability, the company aims to boost employee satisfaction, retention, and overall well-being.
Funding
Funding not disclosed
Founders
Product
Problem
Many employees struggle to afford down payments on homes, hindering their ability to build wealth through homeownership and increasing financial stress. This lack of access to homeownership contributes to higher employee attrition rates, as employees seek opportunities that improve their financial well-being.
Solution
ORO Impact offers a B2B software platform that enables companies to provide customized loan programs to facilitate employee homeownership. The platform allows employers to offer down payment assistance as a benefit, helping employees overcome the initial financial hurdle of buying a home. ORO Impact handles loan origination, documentation, and servicing, providing a turnkey solution for employers. The platform also includes an employer portal to manage programs, track participation, and provide insights and analytics. By improving access to housing resources, ORO Impact aims to enhance employee financial wellness, reduce financial stress, and improve talent retention.
Target Audience
ORO Impact targets companies looking to improve employee retention and enhance financial wellness benefits, as well as employees seeking to achieve homeownership.
Features
- Customized loan programs tailored to specific company needs and employee demographics
- Employee registration and enrollment tools for easy program access
- Loan origination, documentation, and servicing managed by ORO Impact
- Employer portal for program management, participation tracking, and analytics
- Integration with financial wellness service providers
- Interactive learning modules to educate employees on the home buying process
- Tools and calculators to answer employee homeownership questions
- Vetted resources for credit help, real estate agents, and lenders