Brandon Silvia will oversee all sales and production operations nationwide, with a mandate to scale volume, grow RenoFi's originator network and boost adoption of its artificial intelligence (AI)-enabled renovation lending platform.
On the product side, Fannie Mae is introducing HomeStyle Refresh, which will replace HomeStyle Energy and expand financing options beginning March 31, 2026. The product allows borrowers to finance purchase or cash-out refinance transactions up to 15% of the as-completed appraised value for renovation costs, following standard loan-to-value requirements. Eligible uses include cosmetic and functional upgrades, disaster repairs, resiliency improvements and environmental remediation for issues such as lead, asbestos or mold.