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Vivint and New American Funding Partner to Help Borrowers Protect Their Dream Homes
Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags
partnership
Rhea-AI Summary
Vivint Smart Home (NYSE: VVNT) and New American Funding have announced a strategic partnership aimed at enhancing connectivity and security for homeowners. New American Funding's clients will gain access to exclusive offers from Vivint for smart home automation and security services, including a complimentary Vivint Doorbell Camera Pro valued at up to $450 with system purchases. This collaboration seeks to simplify the transition into homeownership by assisting with the setup of essential services like internet and TV.
Positive
Strategic partnership with New American Funding enhances service offerings to homeowners.
Exclusive offers include a free Vivint Doorbell Camera Pro (up to $450 value) with system purchases.
Partnership aims to streamline customer experience during home transition.
Negative
None.
Companies to Offer Connectivity and Security Services That Benefit Homeowners
PROVO, Utah--(BUSINESS WIRE)--
Vivint Smart Home, Inc. (NYSE: VVNT), a leading smart home company, and New American Funding, one of the nation’s largest independent mortgage companies, are proud to announce a strategic partnership that will help homeowners and homebuyers protect their dream homes.
Through the partnership, New American Funding customers will be eligible to receive unique and exciting offers from Vivint to protect and automate their homes. Additionally, Vivint will assist the new homeowner to quickly set up home services such as internet, TV, phone service, and more. Customers will also be eligible to receive a free Vivint Doorbell Camera Pro with installation – up to a $450 value – with the purchase of a Vivint smart home system. Vivint’s system was recently named ‘Best Professionally Installed Home Security System of 2021’ by US News & World Report.
“New American Funding and Vivint are similarly focused on helping customers feel secure in their home – which makes this an ideal partnership,” New American Funding Co-Founder and CEO Rick Arvielo said. “Supporting our clients is the most important part of what we do as a company. Vivint is the best partner in the business, and we believe this partnership is incredibly advantageous to our borrowers.”
“We’re so glad to partner with New American Funding to help more homeowners protect their most valuable asset,” said David Bywater, CEO of Vivint. “The first step many homeowners take after completing their home financing is making sure it’s connected and secure, so joining forces with New American Funding to make that process easier for their customers makes this a natural and exciting fit.”
About New American Funding
New American Funding is an independent mortgage lender with a servicing portfolio of over 221,000 loans for approximately $58.1 billion, 167 nationwide locations, and about 4,500 employees. The company is a 2021 Mortgage Professional America 5-Star Retail Lender and has made Inc. 5000's list of Fastest-Growing Companies in America seven times. It offers state-of-the-art career training and provides its branch Loan Officers with innovative technologies to streamline the mortgage process.
About Vivint Smart Home
Vivint is a leading smart home company in North America. Vivint delivers an integrated smart home system with in-home consultation, professional installation and support delivered by its Smart Home Pros, as well as 24-7 customer care and monitoring. Dedicated to redefining the home experience with intelligent products and services, Vivint serves over 1.8 million customers. For more information, visit https://www.vivint.com.
Note on Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995, including but not limited to statements concerning the potential benefits to customers of the strategic partnership between Vivint Smart Home and New American Funding. Generally, statements that are not historical facts, including statements concerning the Company’s possible or assumed future actions, business strategies, events or results of operations, are forward-looking statements. These statements may be preceded by, followed by or include the words “believes,” “estimates,” “expects,” “projects,” “forecasts,” “may,” “will,” “should,” “seeks,” “plans,” “scheduled,” “anticipates” or “intends” or similar expressions. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Forward-looking statements should not be read as a guarantee of future performance or results, and they will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved, if at all. These statements are based on current expectations and assumptions regarding future events and business performance as of the date of this press release, and they are subject to risks and uncertainties, including those discussed in Part I, Item 1A. “Risk Factors” in Vivint Smart Home’s Amendment No. 1 to its Annual Report on Form 10-K/A for the year ended December 31, 2020, filed with the Securities and Exchange Commission (the “SEC”) on May 12, 2021 (the “Form 10-K/A”), as such factors may be updated from time to time in Vivint Smart Home’s periodic filings with the SEC, that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Although Vivint Smart Home believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee that the future results, levels of activity, performance or events and circumstances reflected in those statements will be achieved or will occur, and actual results could differ materially from those anticipated or implied in the forward-looking statements. Except as required by law, Vivint Smart Home does not undertake and expressly disclaims any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise. You should read the documents Vivint Smart Home has filed with the SEC, including the Form 10-K/A and Vivint Smart Home’s other periodic filings, for more complete information about the Vivint Smart Home. These documents are available on both the EDGAR section of the SEC's website at www.sec.gov and the Investor Relations section of Vivint Smart Home’s website at www.vivint.com.
