Ygrene Energy Fund Partners With FNF Green LLC to Accelerate Energy Upgrade Financing
Fidelity National (NYSE:FNF)
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5 Years : From Jun 2011 to Jun 2016
SANTA ROSA, Calif., Nov. 13, 2012 /PRNewswire/ -- Ygrene Energy Fund, a leading provider of clean energy finance programs for local governments, today announced a strategic partnership with FNF Green LLC, the environmental branch of Fidelity National Financial, Inc., one the nation's largest providers of title insurance and diversified real estate services. Under the partnership, FNF Green LLC will power the Ygrene Data Report, an automated, web-based administrative platform that qualifies property owners for Ygrene's energy upgrade financing programs in seconds. As a result, the partnership will create the fastest energy upgrade financing process available and greatly expand access to energy upgrade financing.
The Ygrene Data Report instantly populates title and financial data from FNF Green LLC for every property in Ygrene's clean energy financing districts, ensuring that properties meet the program's underwriting guidelines. The report enables property owners to quickly finance loans and contractors to easily qualify projects, while Ygrene's state-of-the-art software allows government staff to monitor their energy upgrade financing programs via web, mobile device or in person at Ygrene Energy Centers. The automated system will be available nationally, quickly providing critical information necessary to pre-qualify and approve properties for Ygrene's energy upgrade loans that are repaid through property taxes.
"This exclusive partnership combines our deep property information resources with Ygrene's powerful energy upgrade financing program, marking a great step forward for energy upgrade financing," said Michele Skupic, Vice President and National Sustainability Director of FNF Green LLC. "Making all relevant information immediately available online will dramatically expand participation for property owners and contractors, and will continue to bring these groundbreaking programs to the mainstream."
By entering their address into the Ygrene Property Report, property owners can instantly see the exact amount of available financing to install energy and water efficiency upgrades, renewable energy and, in Florida, wind protection projects. Data provided by FNF Green LLC also enables contractors to quickly pre-qualify their customers, simplifying the process and accelerating clean energy adoption.
Each $100M invested in Ygrene energy upgrade financing programs creates 1,500 jobs and $250M in economic activity, while boosting property values and reducing energy costs.
"Ygrene is committed to making it as easy as possible to invest in energy efficiency upgrades," said Dennis Hunter, Ygrene Chairman. "On top of impressive energy savings and property value enhancements provided by our program, access to FNF Green LLC's extensive data offerings eliminates any wait time for property owners to get started. Strategic partnerships like this are critical to expanding access to energy upgrade financing programs—and delivering tremendous economic value to communities that need them now."
About Ygrene Energy Fund
Ygrene Energy Fund is the leading developer and administrator of clean energy finance programs throughout the US. Ygrene has unlocked $550 million of private funding for affordable, immediately accessible financing for commercial and residential energy upgrades at no upfront costs. Over the next five years, Ygrene-funded renewable energy and efficiency programs are projected to create tens of thousands local jobs, invest millions in local businesses and drive massive reductions in greenhouse gasses. Learn more at ygrene.us.
About FNF Green LLC
Fidelity National Financial, Inc. (NYSE:FNF), is a leading provider of title insurance, mortgage services and diversified services. FNF is the nation's largest title insurance company through its title insurance underwriters - Fidelity National Title, Chicago Title, Commonwealth Land Title and Alamo Title - that collectively issue more title insurance policies than any other title company in the United States.
In addition to our title insurance operations, ServiceLink, and other operations, FNF owns minority interests in Ceridian Corporation, a leading provider of global human capital management and payment solutions,Remy International, Inc., a leading designer, manufacturer, remanufacturer, marketer and distributor of aftermarket and original equipment electrical components for automobiles, light trucks, heavy-duty trucks and other vehicles and American Blue Ribbon Holdings, LLC, an owner and operator of the Village Inn, Bakers Square and Max & Erma's restaurants.
FNF Green LLC can be found at www.fnfgreen.com.
SOURCE Ygrene Energy Fund