LenderClose SVP of Sales Allen Jingst visited the show to share his thoughts on why 2021 is the year of home equity loan to help credit unions rebuild their portfolios. Allen discussed what it means for credit unions to tap into the home equity lending space to improve their competitive positioning.
We also talked about how LenderClose can help in this area with their new Home Equity Express (HEx) product that can help expedite the lending process for credit unions.
Here's what we asked Allen:
Why is now a good time for credit unions to consider home equity loans as a line of business?
How can a credit union quickly and easily grow their home equity business?
What can credit unions expect when they start originating these loans compared to say credit cards or auto loans?
What are some things credit unions should be aware of regarding home equity loans?
How has technology changed the way home equity loans are originated?
Check it out and let us know your thoughts.
Mike Lawson, Host
Married to a beautiful and wonderful wife, raising 5 kiddos (including twins!), enjoy helping others tell their stories, and love surfing SoCal waves. Keep it simple.