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Housing prices and home equity have climbed steadily since 2012, allowing homeowners to take advantage of the windfall. A recent study from TransUnion forecasted that approximately 10 million people are expected to open a Home Equity Line of Credit (HELOC) through 2022.
This new trend has created a unique opportunity for lenders to take advantage of these loan-types, especially as refinances continue to fall due to increasing rates.
Successful home equity lending, however, strongly depends on a lender’s ability to close these loans as quickly and efficiently as possible – which starts with accurate and timely valuations.
Fill out the form to discover how to improve your HELOC Valuation Process that comes with a valutation platform checklist.
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