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""LenderLive Network Inc."":http://www.lenderlive.com, a provider of business process outsourcing and technology to the financial industry, is unveiling a new employee mortgage benefit program Tuesday that employers can offer as part of their benefits package to provide staff members with homeowner education and mortgage counseling services.
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LenderLive says the new solution, dubbed iBenefitsPlus, can help employers reduce turnover and build loyalty among their team. The program is delivered through a private-labeled Web site that includes a suite of advisory tools, such as professional debt analysis, to support employees with sound decision making when it comes to homeownership.
""Up to 42 percent 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 the Denver-based company. ""When employees are empowered to appropriately address their financial concerns, it boosts their morale, productivity, and sustainability.""
[COLUMN_BREAK]Seehausen added that the iBenefitsPlus program also strengthens the housing market by giving people the information they need to make more informed, short- and long-term decisions.
A recent study by Hewitt Associates, a human resources consulting firm, revealed that many employers plan to be more involved in helping company individuals make good investments.
Half of the firms participating in the study provide employees with online investment guidance, with another 42 percent likely to do so in 2010. While mortgage benefit programs are not quite as common as retirement planning or healthcare, they are of great value given today's economic conditions.
LenderLive explained that its iBenefitsPlus will contribute to increased possibilities for homeownership, as well as provide options for reducing housing expenses to help raise their disposable income.
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. If the employer does not have a preferred lender, iBenefitsPlus will make a recommendation.
""iBenefits offers education and unbiased advice to enrolled employees so they can be more confident in making one of the most important financial decisions of their lives,"" Seehausen said.
