BayFirst National Bank: Transforming Home Equity Loans with Coviance

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BayFirst National Bank is a $1.2B asset sized bank serving the Tampa Bay, FL area. With home equity being a key corporate objective, BayFirst partnered with Coviance to enhance their home equity loan processes and overall drive deposit growth and foster stronger banking relationships with their customers.

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By leveraging Coviance's technology, BayFirst has not only improved its operational efficiency but also delivered an exceptional borrower experience, solidifying its position as a trusted financial partner in their local community:

• Speed & Efficiency: Bay First is closing HELOCs typically within 48 hours with full borrower engagement.
• Single Point of Contact: Borrowers interact with one individual from loan submission to closing.
• Exceptional Borrower Experience: Borrowers praise the process as the easiest and best loan experience they've had, enhancing Bay First's reputation and driving repeat business.

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About Coviance

Coviance is a lending experience platform built specifically for home equity. Powered by our proprietary Collateral Decisioning Engine™, Coviance’s intelligent automation and communication workflows are based on application data, property data, and loan purpose. Lenders experience boosted productivity, increased loan volume and pull-through rates and elevated experiences across the entire lending process for borrowers and lenders alike. Contact us today to explore how you can achieve similar success.