LenderClose Founder/CEO Omar Jordan joined us in the Studio Lounge to discuss highlights from his TH!NK session on "Connecting Payments with Lending to Drive Growth." With $9 trillion dollars of lendable home equity from homeowners nationwide ($130,000 from the average borrower) that's available to everybody, the opportunity in home equity lending looms very large today.
Where payments meets lending to take advantage of this opportunity, according to Omar, members can use a a credit card (from their credit union) and tie it to a home equity line of credit to use for their home upgrades. Instead of going through the cumbersome process of moving money from home equity loan, they can just have this credit card at the ready for easy access to these funds for purchasing materials.
Always an innovative conversation with Omar. 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.