Blend's Home Equity product helps our customers capture more of the rising home equity market with a digital-first experience that accelerates the HELOC and HELOAN origination process. With both Mortgage and Home Equity products, our platform allows customers to create a unified experience across their home lending portfolio.
Create a Home Equity Loan
1. Click New Loan from the pipeline screen.
2. Select Full Application or Quick Intake Form from the drop-down menu.
3. Fill in the following fields:
a. Loan Type (HELOC or Home Equity Loan)
b. Primary borrower's First and Last name
c. Email address (check the box for No email yet if there is no email for the borrower)
4. Click Create.
5. Fill in all available information for the borrower. Click Manage Borrowers to add any additional parties to the application, if needed.
6. Select one of the following options:
a. Click Save changes and Invite borrower (this will allow the borrower to review and edit information, add or connect assets, etc. before submitting the application). Follow steps 7-10.
b. Complete a full application and click Submit application (the lender will enter all of the borrower information and submit an application with no borrower involvement).
7. Select the desired application from the Send Application dropdown menu.
8. Click Send Application to invite the borrower to review and complete the application.
9. Customize the email, if desired.
10. Click Invite borrower.
DISCLAIMER: The features on this page may not be applicable to your institution. Please reach out to Blend Support for more information on what features are enabled for your use.
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