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

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Credit Unions

HELOC Automation Software for Credit Unions

Family snorkeling on vacation, one of the life moments a credit union HELOC can help fund

Show members how home equity can fund the moments that matter.

Home equity can be used to fund all kinds of dreams and life events—from home renovations to college tuition, dream vacations, and debt consolidation. But many members are unfamiliar with how home equity loans and lines of credit work. With FirstClose, seamlessly guide your members through every step. Our credit union home equity software automates HELOC pre-qualification, order management, and closing, so you can reduce closing time from weeks to days.

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CREDIT UNION RESULTS

Reduce closing time from weeks to days.

15 days
Average turnaround, down from 40–45 days (65% faster)

Everwise Credit Union

9 days
Average home equity closing time

Fortera Credit Union

Up to 75%
Faster turn times, now under two weeks to clear to close

AmeriCU Credit Union

40%
Faster cycle times, from 30–35 days to 18–21

RadiFi Credit Union

HELOC AUTOMATION & MEMBER EXPERIENCE

Serve members with unrivaled speed, transparency and confidence.

FirstClose XpressEquity helps you engage members through a simple pre-approval process that provides an instant quote and personalized options to guide and accelerate decision-making. What’s more, we streamline the application and closing process with a secure portal and helpful tools to ensure they’re continually informed and up to date. Just as a member would expect. The result is faster HELOC approvals and a lending experience that keeps members coming back.

Explore XpressEquity home equity point-of-sale software

SHARONVIEW FEDERAL CREDIT UNION

Home equity lending volume
more than doubled
from roughly $20 million annually to $56 million

Read the Sharonview Case Study
AUTOMATED ORDER MANAGEMENT

Completely automate order management to close faster.

The FirstClose Order Management Services (OMS) enables you to work with all your appraisal, title, flood, and closing providers in a single system. Through automated ordering and seamless data flow to your LOS, we help credit unions eliminate inefficient processes and manual errors to get members the funds they need, faster. Every order is backed by our vetted Order Management Network.

Learn about automated order management

Once we realized how quickly we could fund these lines, we made that a centerpiece of our home equity marketing. Everyone wants speed, and now we can confidently deliver it.”

Jason Ruel, Marketing Manager at ABNB FCU

Read the ABNB FCU Case Study
LOS INTEGRATIONS & PARTNER NETWORK

Leverage our vetted partner marketplace and bring on 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 members 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

CREDIT UNION CASE STUDIES

Credit unions trust FirstClose for home equity lending.


Everwise Credit Union
Turnaround cut 65%, from 40–45 days to 15


Sharonview Federal Credit Union
Home equity volume grew from ~$20M to $56M


ABNB Federal Credit Union
HELOCs funded in as little as 4 business days


AmeriCU Credit Union
Turn times reduced by up to 75%


Fortera Credit Union
Nine-day average home equity close


RadiFi Credit Union
Valuation costs down 25%+, cycle times down 40%


Lake Michigan Credit Union
Title report turn times cut up to 50%

Top 30 U.S. Credit Union
Home equity turn times from weeks to days

View All Case Studies

Credit Union Home Equity Software FAQs

HELOC automation software is credit union lending software that digitizes the home equity process, from member pre-qualification and application through third-party ordering and closing. FirstClose combines XpressEquity, a home equity point of sale, with automated order management and LOS integrations, so credit unions can approve and close HELOCs faster with fewer manual steps.

Results vary by credit union and workflow. Everwise Credit Union cut average turnaround from 40–45 days to 15; Fortera Credit Union closes in an average of nine days, and ABNB Federal Credit Union has funded HELOCs in as little as four business days.

Look for an online application with instant pre-qualification, automated ordering of appraisal, title, flood, and closing services, direct integration with your loan origination system, and a secure portal that keeps members informed through closing.

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

Credit unions including Everwise Credit Union, Sharonview Federal Credit Union, ABNB Federal Credit Union, AmeriCU Credit Union, Fortera Credit Union, RadiFi Credit Union, and Lake Michigan Credit Union use FirstClose to automate home equity lending.

See what home equity automation could mean for your credit union.

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