1. Home equity lines of credit (HELOCs) are finally showing signs of life again. Originations are expected to reach $80 billion among all U.S. lenders this year, nearly double the 2012 figure. Balance growth is also becoming more widespread as institutions slowly resolve issues with non-performing loans left over from the recession. Trends in customer composition and product usage are changing the face of the business, calling for important adaptations to serve younger and more cash management-oriented borrowers.
The situation presents a clear call to action on HELOC growth strategy. These products are typically a challenge for institutions to disclose and advertise. Allow our former, Federal, compliance regulators evaluate your HELOC compliance program to ensure your institution is in compliance with all related rules and regulations.
