7.99x average ROI on home equity. See the research.

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For Banks

Home Equity Lending Software for Banks

Bank lending operations manager reviewing home equity applications on a tablet

Accelerate home equity transactions and minimize costs.

There’s more than $11 trillion in available home equity in the U.S.—and nearly 40% of homes are debt-free. Demand is strong, but in today’s lending environment, only about half of home equity applications close, and the average turn time is 45–60 days.

Lenders must modernize their home equity operations to capture demand, minimize costs, and deliver a borrower experience that drives conversion. FirstClose makes that possible. Our home equity lending software automates valuation, decisioning, and order management in one platform, so your bank can process more volume at a lower cost per loan.

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73% of lenders
now cite improving operational efficiency as their primary motivation for adopting new technologies.

Source: Fannie Mae, 2023

AUTOMATED LENDING SOLUTIONS

Automate tasks. Streamline workflows. Close in 5–10 days.

The key to unlocking efficiency and lowering operational costs is automation—through valuation, decisioning, and order management. While typical home equity processes can take months, FirstClose enables lenders to close in 5–10 days through automated order management and consolidated workflows—minimizing costs and getting borrowers their funds as quickly as possible.

The result:

  • Fewer manual touchpoints
  • Reduced cycle times
  • Lower cost per loan
  • Satisfied borrowers

Learn more about automated order management

HOME EQUITY POINT OF SALE

Simplifying home equity lending for both borrowers and lenders.

With FirstClose XpressEquity, lenders can offer borrowers instant home equity quotes and personalized options through a quick pre-approval process—accelerating borrower decision-making and improving pull-through rates. From there, borrowers move seamlessly to application and closing in a single, secure portal. Rest assured, every workflow is designed to meet compliance, governance, and reporting requirements.

Explore XpressEquity home equity point of sale software

WHY BANKS CHOOSE FIRSTCLOSE

Built for bank scale, compliance, and liquidity.

Scale without adding staff
Automated workflows help banks increase home equity volume while minimizing manual effort and operational burden

More volume, fewer touchpoints
Automated valuation, decisioning, and order management let your team handle more applications with fewer manual steps.

Works inside your LOS
Direct integrations with leading LOS platforms, including Encompass® by ICE Mortgage Technology® and MeridianLink, keep your team working in one system.

See LOS integrations

Before FirstClose, a simple home equity loan could take weeks just waiting for title or appraisal information. Now, we get valuations back in hours and legal within days, which makes a huge difference.”

Melissa Mansfield, VP and Retail Lending Operations Manager at Mascoma Bank

Read the Mascoma Bank Case Study
LOS INTEGRATIONS & PARTNER NETWORK

Leverage our vetted partner marketplace and bring your trusted partners.

Our platform integrates with leading loan origination systems—including MeridianLink, Encompass® by ICE Mortgage Technology®, and Temenos—and order management providers. All partners are meticulously vetted and held to stringent quality, timeliness, and cost metrics to ensure you and your borrowers receive best-in-class service. What’s more, FirstClose can integrate with proprietary solutions, ensuring lenders of all sizes can utilize our platform to achieve their business goals.

Explore Our LOS Integrations

Home Equity Lending Software for Banks: FAQs

Home equity lending software automates the steps between a borrower’s first inquiry and closing: pre-qualification, application, valuation, decisioning, third-party ordering, and closing. FirstClose combines XpressEquity, a home equity point of sale, with automated order management and LOS integrations, so banks can close home equity loans in 5–10 days instead of the typical 45–60.

FirstClose automates valuation, decisioning, and order management and consolidates them into one workflow. That means fewer manual touchpoints and shorter cycle times, which lowers what it costs your bank to originate each home equity loan.

Yes. FirstClose can support your internal workflow for compliance, governance, and reporting requirements.

Yes. FirstClose integrates with leading LOS platforms, including MeridianLink, Encompass® by ICE Mortgage Technology®, and Temenos, and can also integrate with proprietary solutions.

See what home equity automation could mean for your bank.

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Calculate Your Home Equity ROI