Session Description
When it comes to successful financial services, the devil is always in the details, and those details should include the most comprehensive data possible. That’s especially true with home equity loans and lines of credit, where consumer ownership data combines with market data to create complex, but also compelling opportunities for credit unions that want to up their game when it comes to helping their members maximize their accumulated assets. First Close Equity knows this better than most and will be sharing key strategies in this edition of ACUMA’s Inside Track webinar.
The numbers are actually astounding, say home equity lending experts. It’s estimated that homeowners across the country are sitting on $30 trillion – yes, that’s trillion with a T – in accumulated equity with 87% of first mortgages carrying just a 6% interest rate. Credit unions are better positioned than most lenders to take advantage of this market and provide tailored home equity solutions for their members. And the time to begin those initiatives is now.
Join us for this one-hour virtual panel discussion moderated by FirstClose Equity’s Chief Product Officer, Ramiro Castro, who will explore the state of the market, common challenges faced with valuation solutions, and how to thrive under the current changing conditions.
In addition to Castro, the FirstCLose panel will feature Kelton Graham, Vice President of Lending with Sharonview Federal Credit Union; Jon Penniman, Associate Director of Analytics and Systems with the Mortgage Bankers Association, who will discuss the state of home equity based on MBA’s most recent study; and John Holbrook, Vice President of Digital Valuation Solutions with ICE Mortgage Technology, who will highlight distinct valuation solutions and regulatory updates. If you are looking for information on trends, lessons learned, and areas of focus to improve member services, streamline operations, and cut operating time and costs, let this webinar be your first stop as you launch into your fall lending initiatives.
Changes lay ahead, especially when it comes to home equity lending and lines of credit. Is your credit union ready when it comes to maximizing these opportunities and better serving your members’ needs? Tune in and find out.
Speakers
Kelton Graham
Vice President Lending, Sharonview Federal Credit Union
Jon Penniman
Associate Director, Analytics & Systems, Mortgage Bankers Association
John Holbrook
Vice President, Digital Valuation Solutions, ICE Mortgage Technology
Ramiro Castro
Chief Product Officer, FirstClose Equity
When it comes to borrowers being able to access their home equity, every minute matters. That’s where FirstClose Equity comes in. This award-winning platform is made up of 3 modules: a borrower-facing inquiry and application solution, a borrower portal, and settlement services order management. Modules can be used together for an end-to-end platform or a standalone module, such as ordering. Whether you use one or all modules, FirstClose Equity gets you to closings faster by empowering borrowers with vital property decisioning data. It is the only digital solution built specifically for home equity originations. FirstClose Equity is a 2024 HW Tech100 award winner and integrated with Encompass® by ICE Mortgage Technology® and MeridianLink® ONE.