Tagged: HELOC

California credit union adds HELOC and fixed-rate second-mortgage options as lenders compete for homeowners unwilling to refinance low-rate first mortgages

Former CEO targets zero monthly cash burn through higher mortgage volume, AI-driven operating changes, and $2 million in monthly savings

The next competitive advantage in lending is home equity. Sustainable growth requires tools purpose-built specifically for home equity

The integration reflects lenders’ growing push to originate second liens within mortgage divisions rather than separate consumer-lending operations

Angel Oak panel points to past clients, trapped equity, and harder-to-finance properties as overlooked sources of production

Median reported equity ranged from $130,000 to $425,000, giving loan originators a state-level view of borrowers’ potential second-lien capacity

Consumer loan marketplace volume reached $4.3 billion as Figure Connect drove more production off the company’s balance sheet and helped lift adjusted margins to a record 55%

The company expects to begin purchasing fixed-rate HELOCs from correspondent lenders during the third quarter

Home equity and purchase lending lifted production economics, while management characterized its relaunched wholesale channel as a supporting business rather than a major growth engine

Portfolio Intelligence tracks changes in borrowers’ liabilities after closing, helping lenders identify potential home equity and debt-consolidation business