Home Run Financing, founded in 2014 as PACE Funding, provides homeowners with access to financing for clean energy and home improvement projects. Active across three states and 830+ communities, the company has processed nearly $1 billion in loans since launch. Alongside its PACE model, the company also offers unsecured loans. To keep pace with demand, Home Run Financing needed a digital platform that could handle credit, compliance, contracts, and contractor management at scale.
Before modernization, Home Run Financing lacked a single platform for loan origination. Processes were paper-heavy, slow, and error-prone. Contracts had to be signed in person or via email back-and-forth, contractors were onboarded through manual document exchanges, and property eligibility checks required multiple website lookups.
Fraud detection and underwriting relied heavily on manual review, increasing risk. Limited communication tools meant homeowners and contractors often faced delays and confusion. These inefficiencies created higher costs, longer loan cycles, and compliance exposure.
Closeloop developed a cloud-based loan management system with role-based dashboards and secure authentication. Loan processing was digitized across stages, from eligibility and application to funding and post-funding.
A dedicated credit portal combined API-driven auto-decisioning with human underwriter review, while contractors gained a pricing calculator to model loan terms.
DocuSign streamlined contracts, cutting out travel and paperwork.
A complaint portal improved compliance tracking, and SpringLab’s blockchain connectivity ensured duplicate loans could be detected instantly.
Extensive integrations, including Plaid, DataTree, Veros, Idology, Twilio, and SendGrid, automated verifications and communications.
AWS infrastructure provided scalability, security, and monitoring.
The new platform delivered measurable impact:
Faster lending decisions through automation and guided underwriting
Nearly 160,000 projects processed securely with $900M+ financing since 2016
A growing network of 1,000+ contractors now works within the system
eSignatures reduced contract turnaround from days to minutes
Automated notifications improved transparency for contractors and homeowners
Manual work, paper costs, and travel were eliminated, reducing operating expenses