17 Sep Increase Your LTV for Equity & Second Mortgages without the Risk- Thanks to Protequity
Posted at 15:36h in Uncategorized
Our Protequity program, backed by Nationwide, allows Lenders to increase loan-to-value for equity and second mortgages, while being protected from loss due to borrower default.
Eligible Loans include; Closed End Equity Loans, Open End Home Equity lines of credit, Purchase Money Seconds (Piggyback Loans) and Home Improvement Loans (Secure & Unsecured).
Program Benefits Summarized:
- Ability to expand LTV threshold to 100%
- Broadens the loan eligibility spectrum, thus increasing the overall portfolio significantly.
- Expanded reach to stronger borrowers.
- Sing rate for all eligible loans types
- Defaulted loans eligible for claims payment once they are 90 days delinquent.
- Expand lending without increasing balance sheet risk
- Seamless Implementation
If you are interested in learning more about our Protequity program, please contact one of our sales professionals in your location: Contact Us