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September 17th, 2021
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)
- 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!