FirstClose has partnered with Stewart Lender Services to integrate home equity title, valuation, and closing solutions directly into its Order Management System, streamlining workflows and accelerating loan processing for lenders
Point is the leading home equity platform making homeownership more valuable and accessible. Point’s flagship product, the Home Equity Investment (HEI), empowers homeowners to unlock their equity to eliminate debt, get through periods of financial hardship, and diversify their wealth – without adding to their monthly expenses. Point has worked with more than 20,000 homeowners, unlocking more than $2 billion in home equity. Point’s HEI enables investors to access a previously untapped asset class – owner-occupied residential real estate. Founded in 2015 by Eddie Lim, Eoin Matthews, and Alex Rampell, Point is backed by top investors, including Westcap, Andreessen Horowitz, Ribbit Capital, Greylock Partners, Bloomberg Beta, Blue Owl Capital, Alpaca VC, and Prudential. The company is headquartered in Palo Alto, CA.
Home equity platform Point has secured a $2.5 billion commitment from Blue Owl Capital to expand its nationwide home equity investment program, supporting thousands of homeowners while attracting institutional investors
Refi and HELOC activity inched upward in Q3, as homeowners capitalized on modest rate improvements and tapped into equity, but affordability constraints are still keeping purchase demand subdued
The new Prime HEI offering lets licensed mortgage brokers help homeowners unlock equity with no debt, no interest, and no monthly payments
A combination of the recent easing in mortgage rates that has begun to open the refinance window for many borrowers, and homeowners with record amounts of equity, are trends driving opportunities for borrowers to leverage refis and equity products
After several years of rapid equity gains that peaked in 2022, homeowner equity levels appear to be stabilizing as slight shifts seen in recent quarters suggest the housing market may be settling into a more balanced phase
As more homeowners stay put, they are tapping into equity products to ensure stability and build financial confidence
After turning $29M profit on $191M revenue and $6B in home equity lending, Figure’s IPO underscores push to reshape non-agency markets
Analysts see stable loan performance and softening rates, while insurance costs rising and inventory stalling
