HELOCs

Covius’s Joe Chappell on Title365 acquisition, home equity footprint

Covius, a financial services firm that offers insights and technology to the housing industry, says it’s poised for growth through its acquisition of Title365 from Blend Labs. Company executives believe the move will strengthen their foothold in the booming home equity market. The deal, announced in June, is pending regulatory approval, which is expected to […]

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Better launches HELOC, CES wholesale channel

Better Home & Finance is rolling out a new wholesale operation where it’ll offer home equity line-of-credit and closed-end second liens.  The lender is touting a wide credit matrix, fast originations and options including 12 and 24 month bank statement approval options for small business owners. The largely direct-to-consumer shop, with an emerging retail arm,

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Longbridge talks new tech tools at NRMLA meeting

Executives from Longbridge Financial gathered last week at the National Reverse Mortgage Lenders Association (NRMLA)’s Annual Meeting to discuss the company’s suite of technology tools and lending products aimed at helping wholesale reverse mortgage partners grow their businesses and better serve older homeowners. Wholesale and correspondent manager Bill Nolan opened the company’s session at the event by

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Finance of America partners with Better to expand into home equity lending

Finance of America (FOA) will begin offering home equity lines of credit (HELOCs) and home equity loans for homeowners ages 55 and older through the Tinman AI Platform that’s owned by Better Home & Finance Holding Co. At the same time, FOA will become Better’s partner for reverse mortgages, the companies announced Tuesday. “Our partnership

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Better, Finance of America team up on HELOANs, HELOCs

Finance of America is now offering home equity loans through a new agreement with Better Home and Finance.  The reverse mortgage giant will offer HELOAN and home equity line of credit products for the first time using Better’s proprietary Tinman AI platform, the companies announced Tuesday. Better will also integrate Finance of America’s reverse mortgage

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More home equity, more lending options for lenders

The amount of tappable home equity Americans hold continues to increase, growing annually by 5% for the second quarter, a Transunion study found. Several operators in the market, whether lenders themselves or tech providers, have launched products and platforms over the last few days to serve these equity-rich homeowners. As of June 30, the total

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Longbridge’s ‘HELOC for Seniors’ is officially on the market

Longbridge Financial has officially launched a home equity line of credit (HELOC) program that’s designed for homeowners ages 62 and older, offering approval and funding in as little as five business days.  The move marks an expansion beyond the company’s core reverse mortgage business while staying focused on older borrowers. This demographic collectively holds nearly

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Inside Homebridge’s NFTYDoor: Bringing instant approvals to the HELOC market

With homeowners seeking low-cost, flexible ways to tap their equity in today’s high-rate environment, HELOCs have become one of the most attractive loan options on the market. Homebridge Financial Services is seizing that opportunity with NFTYDoor, a fully digital HELOC platform that delivers instant decisions through real-time credit scoring, AVM valuations, automated income and title

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Hometap says it’s only ‘scratched the surface’ with home equity investments

Boston-based Hometap announced at the end of July that it has deployed more than $2 billion to 20,000-plus homeowners through its home equity investment (HEI) platform. The milestone comes less than 18 months after Hometap achieved $1 billion in home equity investments — a reflection of rising demand for alternative financing solutions. “This milestone reflects

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