California-based Startup Splitero Funds Series A Round

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In: Home Equity News

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San Diego, California-based home equity investment (AMI) startup Splitero has raised approximately $12 million in Series A funding to expand its operations. Fiat Ventures led $11.7 million, the two parties announced on Tuesday. Gemini Ventures, Joint Effects, PBJ Capital, PermitContinue Reading

Using Customer Behavioral Data To Get Ahead Of A Unstable Market

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In: Home Equity News

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Mortgage rates continue to decline as interest rates rise. This has resulted in a highly competitive market, and lenders recognize the importance of retaining existing customers in this tough market.  But today, retaining current customers means understanding their behavior, andContinue Reading

New HELOC platform Launched By Austin Based Fintech Hitch

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In: Home Equity News

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Austin fintech startup Hitch has launched a HELOC platform to help homeowners access more than $100 billion in government grants for home improvements. Launching in early 2022, Hitch will allow qualified homeowners to purchase up to 90 percent of theContinue Reading

Open Ended HELOC Servicing Launched By Loan Care

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In: Home Equity News

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Mortgage subservicer LoanCare has announced that it is now offering a Home Open Mortgage Loan Limit (HELOC) to lenders nationwide. The Virginia Beach-based company provides loans to all 50 states and is part of Fidelity National Financial, a leading providerContinue Reading

AVMs To Have A Very Bright Future To Lend Home Equity Loans

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In: Home Equity News

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Automated Valuation Models (AVMs) are now part of the routine. With U.S. homeowners holding more than $30 trillion in home assets, many lenders are looking to the latest AVMs to improve the accuracy and efficiency of providing home equity loansContinue Reading

HELOC Applications Increased by 50 percent in the First Five Months Of 2022

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In: Home Equity News

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As mortgage payments and mortgage payments continue to fall while mortgage interest rates rise, homeowners are turning to another source of income, the Home Equity Line of Credit (HELOC). According to the August 2022 “Investments at a Glance: Monthly Chart”Continue Reading

Home Equity Making Gains In Q2 Of 2022

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In: Home Equity News

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According to the CoreLogic Q2 2022 Home Equity Report (HER), homeowners still have net worth despite the slowdown in home price growth in the second quarter. The net worth of U.S. homeowners with mortgages, which make up about 63 percentContinue Reading

Rocket Pro TPO to Increase Conventional Loan Limits And Introduce New Home Equity Programs

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In: Home Equity News

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Rocket Pro TPO continues to adapt its strategy to changing market conditions. While some of the industry’s major players are struggling to keep up and going out of business or selling out in bulk, Rocket is ahead of its gameContinue Reading

Top 3 Myths About Using AVMs For Acquiring Home Equity Loans

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In: Home Equity News

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With 2022 more than half behind, market indicators continue to predict the minimum redemption amount, but purchase volume is facing issues.  Amid inventory shortages, high write-offs, rising interest rates, and significant economic problems, difficulties in purchasing and refinancing are hamperingContinue Reading

Home Equity Levels In Country Increase In spite Of Rising Home Prices

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In: Home Equity News

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Half of all U.S. mortgages are now considered equity-rich, according to a new report from real estate data curator ATTOM. According to the US Home Equity and Underwater Q2 report, 48.1% of the nation’s mortgages were considered equity-rich in theContinue Reading