Home Equity Line of Credit (HELOC)
Home equity lending made easy
Does your business have the right technology in place to quickly meet the demand for home equity lending? Encompass® by ICE Mortgage Technology® enables lenders to seamlessly originate, process, and close more home equity loans in less time. By bringing home equity lending under your single system of record, you’re able to close loans faster, keep borrowers happier, and create customers for life.
The rise in home equity
Home values in the U.S. have increased by over 32% year over year, providing a huge opportunity for lenders and investors.
$28 trillion
Total open equity across U.S.
$63,000
Average equity gains per borrower
$3.8 trillion
Collective equity gains since Q4 2021
Statistics taken from CoreLogic
Featured resource
Home equity lending grew 37% in 2022. What’s next?
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 delivers a unified, end-to-end solution for home equity lending
Everything you need to increase productivity from a single system of record.
Engage
Agile and responsive
Encompass gives you the tools your business needs to engage more borrowers, drive more applications, and nimbly react to market demands.
ENGAGE
Agile and responsive
ORIGINATE
Quick and seamless
Originate
Quick and seamless
Encompass provides the flexibility you need to seamlessly get your borrowers set up in a home equity program in a matter of minutes.
Process
Configurable and compliant
Encompass provides the configurability you need to offer home equity products based on the needs of your borrowers. And with HMDA reporting tools and a built-in compliance engine, you’ll have confidence in each and every loan.
PROCESS
Configurable and compliant
CLOSE
Streamlined and efficient
Close
Streamlined and efficient
With Encompass as your comprehensive home equity lending solution, you can close more loans, in less time with far less effort.
Increase HELOC Lending ROI
Target the right home equity borrowers
Enable your loan officers to deliver superior borrower experiences by targeting the right audience at the right time.
- Sync customer details from Encompass or Salesforce® into marketing and sales automation tools such as Encompass CRM™ and Velocify®
- Set up parameters to determine which of your existing customers could be interested in home equity
- Enable potential borrowers to submit home equity applications through Encompass Consumer Connect®
Manage home equity more efficiently with Encompass
Quickly originate, process, and close more home equity loans in less time, and with less effort.
- Encompass provides a comprehensive workflow for managing the flow of borrower loans with speed and ease
- Encompass delivers the flexibility you need to build and configure home equity products around the needs of your borrowers and business.
- The Encompass platform delivers the peace of mind in knowing that your home equity products are fully compliant within a unified solution.
What experts are saying
“If you’ve stuck to your knitting and know how to do purchase money loans, you’re going to have a great year… A home equity line of credit is one that everyone should have an outlet for.”
Bob Broeksmit
President and CEO
Mortgage Bankers Association (MBA)
Resources
Learn more about how ICE Mortgage Technology® is changing the industry and stay up-to-date with the latest tools and information.
Home Equity Lending with Encompass datasheet
Increase Your Home Equity Lending ROI
Home equity lending made easy in Encompass
EDUCATION
Getting Started with HELOC Automation On Demand
Work at your own pace processing steps and completing activities to improve your agility related to Home Equity Line of Credit (HELOC) loans by learning how to leverage templates and to refine your origination workflow.
EDUCATION
Workshops & packages