Equity Protection Program helps lenders leverage their deposits to make more loans.
May 9, 2013 (Newswire.com) - van Wagenen Financial Services announces new product offering for lenders, Equity Protection Program for home equity loans. This product helps lenders leverage their deposits to make more loans.
An Equity Protection Program for home equities assists lenders in generating additional loans while minimizing risk. This is accomplished by enabling them to approve credit worthy borrowers who require higher than typical loan to value parameters. The program covers a variety of home equity loan types (home equity lines of credit, closed-end seconds, purchase-money seconds, and home improvement loans) and protects the lender in the event of borrower default.
"The equity protection program really benefits the lenders in terms of opening up new revenue lines," says van Wagenen Vice President and General Manager, Randall Rempp. "Delivering opportunity for increased profit in addition to our core risk management offering is a natural fit."
The product is an excellent fit for lenders who are are deposit rich and loan poor. Additional information on the Equity Protection Program can be found on the New Products pages of the van Wagenen news site or by contacting the sales group toll free at 1-800-437-5171.
For more than 78 years van Wagenen has been a trusted guide to lending institutions managing risk and increasing profitability in a complex, ever changing regulatory environment. Industry leading customer service, collateral insurance tracking, RecoveryPro claims processing and lender placed insurance programs help lenders of all sizes mitigate risk, ensure compliance, and minimize charge-offs.