Adds Another Potential New Revenue Stream for RELI Exchange Agents through a Referral Partnership with Commercial Mortgage Financing Provider
Reliance Global Group, which combines artificial intelligence (AI) with the personalized experience of a traditional insurance agency, announced that it has entered into a referral partnership with Eastern Union Funding, LLC, a provider of commercial real estate finance and capital market solutions. Under the agreement, RELI Exchange agency partners will now be able to refer clients to Eastern Union for commercial real estate financing, including multi-family and commercial structures.
Since its founding in 2001, Eastern Union has closed thousands of commercial loans in over 30 states across the United States.
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Ezra Beyman, CEO of Reliance Global Group, commented, “We are pleased to announce this partnership with Eastern Union, providing RELI Exchange agents with yet another potential new stream of revenue that can add to the profitability of their business. After signing our first similar partnership agreement with NRS Funding in early September, we had stated we would continue to explore opportunities to add additional streams of revenue for our agency partners. We believe this latest agreement illustrates the successful execution of our strategy. Referral partnerships such as these are a win-win for both our agents and, most importantly, our customers. These types of agreements make RELI Exchange an even more compelling value proposition and should help further accelerate the growth of the platform. We continue to receive excellent feedback from our RELI Exchange agency partners that are already exeriencing the positive effects that the platform is having on their business. The platform has grown 84.6% since we started it in May, 2022, as independent agents continue to join the network.”
Ami Eller, Senior Vice President of Eastern Union said, “We look forward to this new partnership agreement with Reliance Global Group, as both of our companies are leveraging advanced technologies to better serve our customes. At Eastern Union, we use our proprietary technologies to underwrite and analyze transactions, while Reliance Global Group has the premier business-to-business and business-to-consumer InsurTech platforms. We believe there are tremendous synergies across our respective organizations and we look forward to a long-term and successful relationship.”
Moshe Fishman, Director of Insurtech at Reliance Global Group remarked, “This referral partnership enhances the client relationships of our RELI Exchange Agency partners. Property insurance is an integral component of virtually every commercial financing deal. By thinking about the whole client, and connecting them with commercial finance experts at Eastern Union, our agency partners are strengthening their client relationships, which leads to higher retention and excellent referrals.”
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