Home Equity Lending

Lake Michigan Credit Union (LMCU) has implemented FirstClose’s Equity Order Management to automate settlement workflows for its home equity lending operations.

NotaryCam®, a Stewart-owned company and a provider of remote online notarization (RON) and identity verification/authentication technology for real estate and legal transactions, announced that its eClose360® platform is fully compatible with the Mortgage Industry Standards Maintenance Organization’s (MISMO) newly published SMART Doc® V3 standard for electronic home equity lines of credit (eHELOCs).

American Senior Lending, a national home equity solutions leader, has launched EquitySelect –  an innovative, nonrecourse, first lien home equity loan designed to advance the financial flexibility of Americans entering or in retirement.

Total originations of open-ended Home Equity Lines of Credit (HELOCs) and closed-end home equity loans increased in 2024 by 7.2 percent from the previous year when comparing originators that reported in both years. Total HELOC and home equity loan debt outstanding grew 10.3 percent. This is according to the Mortgage Bankers Association’s (MBA) 2025 Home Equity Lending Study.

Unison Mortgage Corporation, a Unison company, launched its Equity Sharing Home Loan in California. Unison’s Equity Sharing Home Loan delivers unmatched affordability for homeowners feeling the squeeze of today’s economic pressures.

MISMO ®, the real estate finance industry’s standards organization, today announced that it is seeking public comment on the  SMART Doc® V3 eHELOC Specification.

ATTOM released its first quarter 2025 U.S. Home Equity & Underwater Report, which shows that 46.2 percent of mortgaged residential properties in the country were considered equity-rich in the first quarter, meaning the combined estimated amount of loan balances secured by those properties was no more than half of their estimated market value.

BSI Financial Services, a national mortgage fintech platform, has launched a specialized Home Equity Line of Credit (HELOC) subservicing solution designed to address critical inefficiencies in the HELOC servicing market.

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.