ICE offers end-to-end technology, data and analytic solutions that allow lenders to originate and service home equity loans and lines of credit on the same systems as first mortgage loans.
For many lenders, home equity loans are serviced on a consumer lending application and first mortgages are serviced on a separate, mortgage-specific system. However, these consumer lending systems are not usually designed to handle the complexities of the compliance and reporting requirements for real estate-backed loans. Plus, managing multiple applications can be inefficient and increase IT costs.
By consolidating first liens and home equity, ICE’s integrated solutions reduce the need to update disparate platforms to support evolving regulatory requirements and mitigate risk. And with your customers’ loans together in a single lending ecosystem, our data solutions are able to provide greater visibility into home equity and refinance opportunities, helping you retain more customers.
Explore ICE’s interactive article, How to Grow a Successful Home Equity Lending Business, a strategic guide for lenders looking to capitalize on today’s expanding market. This article highlights how lenders can uncover home equity opportunities using current borrower data, streamline origination processes, enhance servicing workflows, and apply advanced analytics to monitor portfolio risk effectively.
Learn more about the latest strategies and tools to drive home equity business growth