A Look At Home Equity

There’s no doubt that the resurgence in home equity is continuing, but there are opportunities for lenders to make improvements as the digital channel becomes even more important. That’s especially the case as new entrants introduce seven-day cycle times, full-funding draw requirements and other features. At the same time, lenders will need to proceed with caution amid a notable shift in the demand for credit from higher-risk borrowers. Furthermore, HELOC usage rates remain a challenge for most originators.

Here is a snapshot of industry trends and poll results from a recent Curinos webinar, “Home Equity Lending: An Assessment of Today’s Market Landscape and Cash-Out Opportunities.”

Source: Curinos LendersBenchmark Analyzer (through Jan 2023)

Home equity re-emerged in 2022 with big growth rates….

….and a change in the credit scores of applicants.

Application volume distribution by credit score segment

Digital adoption is growing, but cycle times are still close to two months!

Those long cycle times mean that home equity faces competition from unsecured installment loans, which are funded more quickly.

Lenders are getting aggressive in line size growth, but struggle in balance activation.

Latest Insights

According To The Data, Insights

Successful De Novo Branching Calls for the Right Ingredients

In search of core customer growth, many banks have announced investments...

Curinos Perspectives, Insights

Where Should Enrollment Sit in Onboarding?

Many fintechs have adopted enrollment-first onboarding to create a platf...

According To The Data, Insights

Among Wealth Clients, CDs Have Their Limits

At their peak last summer, retail CDs accounted for nearly 30% of all we...

Want to go further?

Contact us to learn more about how Curinos can help you navigate today and prepare for tomorrow.

Need to contact a specific team?

Sales Inquiries:
Sales@curinos.com

Accounts Payable Inquiries:
CurinosAP@curinos.com

Media Inquiries:
Curinos@5WPR.com

Need to contact a specific team?

Sales Inquiries:
Sales@curinos.com

Accounts Payable Inquiries:
CurinosAP@curinos.com

Media Inquiries:
Curinos@5WPR.com

Need to contact a specific team?

Sales Inquiries:
Sales@curinos.com

Accounts Payable Inquiries:
CurinosAP@curinos.com

Media Inquiries:
Curinos@5WPR.com

Need to contact a specific team?

Sales Inquiries:
Sales@curinos.com

Accounts Payable Inquiries:
CurinosAP@curinos.com

Media Inquiries:
Curinos@5WPR.com

Need to contact a specific team?

Sales Inquiries:
Sales@curinos.com

Accounts Payable Inquiries:
CurinosAP@curinos.com

Media Inquiries:
Curinos@5WPR.com

Let's start a conversation...

Maximize your small business
lending performance.

Privacy Overview

We use cookies to help provide you with the best possible online experience. Please read our Privacy Policy and Terms & Conditions for information about which cookies we use and what information we collect on our site. By continuing to use this site, you agree that we may store and access cookies on your device.