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Did you know, of the lenders who don’t currently offer home equity products, approximately half are still evaluating their future path? Inform your planning with the new “The State of Home Equity Lending” research report from ICE Mortgage Technology® and STRATMOR Group.
Encompass® by ICE Mortgage Technology enables lenders to effortlessly help borrowers take advantage of their increased equity. By bringing home equity lending under a unified, single system of record, your team can process loans faster, keep borrowers happier, and drive more business.
According to a recent report published by Corelogic, homeowners gained a collective $3.8 trillion in equity since Q1 2022. That’s an average of $63,000 per household.