Your home for home equity.
Simplifying home equity. Perfecting the lending experience.
The platform transforming how financial institutions lend.
By harnessing Coviance’s intelligent automation, lenders boost productivity, increase loan volume, and elevate experiences across the entire lending process. Use our drag-and-drop workflows to automate processes. Keep borrowers in the loop with our automated communications. All with one sign-on and one invoice.
Clear-to-close in days, not weeks. Intelligent automation turns into lending speed, efficiency, and scale. An independent survey conducted across 110 Coviance customers by MarketWise Advisors LLC revealed strong ROI statistics:*
Automate your lending
Proactively turn real-time data into intelligent loan production, processing, underwriting, and communications. Backed by our proprietary Collateral Decisioning Engine™, Coviance turns manual processes into automated loan origination experiences.
Borrower Experience
Give borrowers a standout experience. Combine intelligent communications with data and document exchange to quickly make confident lending decisions.
Lender Experience
Instantly automate and validate loan data. Our adaptive workflows intelligently align to your unique lending policies so you make the right decision—faster.
Compliance & Operations Experience
Navigate complex regulatory environments with ease. Streamline change management, training, audit support, and business process management—all in one spot.
Speed, efficiency, and scale for home equity loans and HELOCs
Scale your home equity volume while delivering better customer experiences with Home Equity Express™. Built for faster, friction-free lending, our solution’s drag-and-drop technology turns painstaking manual processes into a single click.
We love our customers like you love yours
Don’t take it from us. Hear from our customers about the power of Coviance.
“On average, our home equity lifecycle is 11 days, with the shortest time to close being just 4 days. Which is remarkable.”
Residential Lending Operations Manager
DuPage Credit Union
“As Coviance continues to push the envelope and streamline their process, it makes us that much more efficient.”
Chief Lending Officer
WyHy Federal Credit Union
“Utilizing Coviance we went from $62 million in loan growth to $268 million in one year.”
AVP of Lending
Farmers Insurance Federal Credit Union
Events & Webinars
Explore our upcoming events & webinars and experience lending automation firsthand.
Industry insights for all things lending
Check out our library of insights and best practices—all designed to help you grow.
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Frequently Asked Questions
Can't find what you're looking for?
Yes, home equity loans can be refinanced under certain circumstances. This can be beneficial if you want to secure a lower interest rate, access a larger loan amount, or consolidate debt. However, refinancing typically involves closing costs such as loan origination fees, appraisal fees, and title search insurance fees.
Coviance's cloud-based platform offers several benefits over traditional, on-premise solutions:
- Scalability: Coviance easily scales to meet your growing loan volume without additional hardware investment.
- Accessibility: Authorized users can access the platform securely from any internet-connected device, improving flexibility and remote work capabilities.
- Reduced IT Costs: Our cloud-based deployment model eliminates the need for expensive hardware and software maintenance, minimizing IT burden.
- Automatic Updates: Coviance handles software updates automatically, ensuring you always have access to the latest features and security patches.
- Enhanced Security: We offer robust security measures to protect sensitive borrower and loan data.
By leveraging cloud technology, Coviance offers a cost-effective, scalable solution for automating your home equity lending process.
Home equity loans are a type of loan secured by a borrower's home. The borrower receives a lump sum of cash based on the appraised value of their home minus their existing mortgage balance (equity). They repay the loan with interest over a fixed term.
Home equity loans typically offer lower interest rates than credit cards or other unsecured loans, saving borrowers a significant amount of money on interest charges over the life of the pre-consolidated loans. Additionally, consolidating debt into a single monthly payment can simplify budgeting and make it easier to stay on track with repayments.
Home equity loans offer a valuable service to your customers, allowing them to access funds for important expenses like home renovations, education, or debt consolidation. By offering home equity loans, your organization can deepen relationships with existing customers, attract new customers, and generate additional non-interest income.