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Approvals in Hours.
Funding in Days.
From application to funding, Coviance gives community lenders the speed and experience to close more loans, delight borrowers, and compete directly with non-bank lenders.
The platform transforming how financial institutions lend
Coviance is a lending experience platform built specifically for home equity and HELOC lending.
Our Fast Track solution accelerates your path from application to funding — giving community lenders the speed, simplicity, and borrower experience needed to compete against rising ‘non-bank’ lenders.
Coviance customers experience measurable growth without adding complexity or a change in policy.
Grow Loan Revenue & NIM
Increase pull-through and reduce application drop-off, with 20% improvement in loan pull-through and a 10% decrease in application drop-off*.
Scale with Your Existing Team
Increase capacity and shorten closing cycle times without adding unnecessary manual work, with a 36% increase in staff productivity*.
Increase Borrower Satisfaction
Deliver the digital lending experience today’s borrowers expect, with funding available to borrowers in under a week**.
Speed at Every Stage of the Loan
Fast Track includes three applications that work together to accelerate every step of the home equity journey from first click to funded loan.
Borrower Engage
Give borrowers a simpler path from application to funding, with relevant conditional offers, clear next steps, and secure digital collaboration that keeps them informed and engaged throughout the lending journey.
Lender Intelligence
Put your lending strategy into action with tools to configure loan programs, prioritize work, and see where each loan stands, while built-in decision guidance helps your team move more loans forward with less manual work.
Quick Close
Carry the speed of Fast Track through the final steps of the loan, with connected closing documents, signing services, payments, and funding that reduce manual handoffs and help borrowers access their equity sooner.
We love our customers like you love yours
Don’t take it from us. Hear from our customers about the power of Coviance.
Events & Webinars
Explore our upcoming events & webinars and experience lending automation firsthand.
Lending Council Conference
Industry insights for all things lending
Check out our library of insights and best practices—all designed to help you grow.
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Frequently Asked Questions
Can't find what you're looking for?
Yes, home equity loans can be refinanced under certain circumstances. This can be beneficial if you want to secure a lower interest rate, access a larger loan amount, or consolidate debt. However, refinancing typically involves closing costs such as loan origination fees, appraisal fees, and title search insurance fees.
Home equity loans are a type of loan secured by a borrower's home. The borrower receives a lump sum of cash based on the appraised value of their home minus their existing mortgage balance (equity). They repay the loan with interest over a fixed term.
Coviance's cloud-based platform offers several benefits over traditional, on-premise solutions:
- Scalability: Coviance easily scales to meet your growing loan volume without additional hardware investment.
- Accessibility: Authorized users can access the platform securely from any internet-connected device, improving flexibility and remote work capabilities.
- Reduced IT Costs: Our cloud-based deployment model eliminates the need for expensive hardware and software maintenance, minimizing IT burden.
- Automatic Updates: Coviance handles software updates automatically, ensuring you always have access to the latest features and security patches.
- Enhanced Security: We offer robust security measures to protect sensitive borrower and loan data.
By leveraging cloud technology, Coviance offers a cost-effective, scalable solution for automating your home equity lending process.
Home equity loans typically offer lower interest rates than credit cards or other unsecured loans, saving borrowers a significant amount of money on interest charges over the life of the pre-consolidated loans. Additionally, consolidating debt into a single monthly payment can simplify budgeting and make it easier to stay on track with repayments.
Home equity loans offer a valuable service to your customers, allowing them to access funds for important expenses like home renovations, education, or debt consolidation. By offering home equity loans, your organization can deepen relationships with existing customers, attract new customers, and generate additional non-interest income.