"Ted comes to Mosaic with deep knowledge of the residential solar lending space and has worked in both leasing and lending models. The fact that he left Admirals to join Mosaic shows we are taking steps in the right direction, both on the technology and people sides of the business," Billy Parish, CEO of Mosaic said in an email Tuesday.
Fawcett previously led nationwide sales and strategy for Admirals Bank's solar loan product, helping with product design, strategic partnerships, regional and channel relationships. Ted has also held management level positions at Clean Power Finance and Sungevity where he led teams to scale residential solar origination volume.
The hire results from the rapid expansion of Mosaic into the residential solar lending space as homeowners become increasingly educated about solar ownership. Solar originators and installers use Mosaic's platform to provide financing to consumers.
"To be competitive in the residential solar finance industry it requires the best loan products and a proven technology platform. Mosaic is an innovator in this space and is well positioned to create a superior partner and consumer experience," said Fawcett.
