Home Equity Lending

Intercontinental Exchange, Inc., a launched a new integration between Servicing Digital, the company’s web- and mobile-native consumer engagement app, and its Validate property valuation tool. The integration gives servicers’ customers a current estimate of how much tappable equity they have in their homes, and the ability to proactively complete a self-guided valuation of their property.

Home Equity Lending News LLC (HELN) has released the Q3 Home Equity Study sponsored by Curinos. The 45-page report found that loan originations increased and capital markets strengthened during the third quarter, while the outlook is positive.

Sparrow Mortgage, a mortgage broker operating in Florida, Georgia, Massachusetts, North Carolina, and South Carolina, has partnered with Calque to provide The Trade-In Mortgage. Together, they now offer a lending option that allows borrowers to use home equity to purchase a new property before selling their current one.

Mortgage Trust, a boutique mortgage broker based in Oregon, has teamed up with Calque to introduce The Trade-In Mortgage™ to their clients around the country. This innovative loan program allows homeowners to utilize the equity in their existing property to buy a new home before selling their current one.

Total originations of open-ended Home Equity Lines of Credit (HELOCs) and closed-end home equity loans increased in 2023 by 1.5 percent compared to the previous year, while debt outstanding increased 8.3 percent. This is according to the Mortgage Bankers Association’s (MBA) 2024 Home Equity Lending Study.

Corporate Settlement Solutions (CSS), a full-suite provider of commercial and residential real estate settlement solutions, announced an integration with GridBase, the universal Application Program Interface (API) for lender and title collaboration, to improve efficiencies within home equity lending.

National affordable housing innovator Arrive Home has announced the launch of its Earned Equity Program. As part of Arrive Home’s continued mission to expand access to homeownership for underserved borrowers, the new Earned Equity program helps more consumers achieve their homeownership goals through a long-term purchase contract.

APEX Mortgage Group, an inclusive mortgage provider based in Atlanta that is committed to helping individuals from all backgrounds, has engaged Calque to launch The Trade-In Mortgage to their clients. Despite market conditions and fluctuating mortgage rates, numerous homeowners are seeking a change of location and buying a home continues to be a sound financial decision. The Trade-In Mortgage option helps homeowners optimize the home purchase process and reduce costs by using their current home equity.

ATTOM has released its third-quarter 2023 U.S. Home Equity & Underwater Report, which shows that 47.4 percent of mortgaged residential properties in the United States were considered equity-rich in the third quarter, meaning that the combined estimated amount of loan balances secured by those properties was no more than half of their estimated market values.