HELOC Decisioning
HELOC files checked for CLTV, liens, income and Reg Z disclosures, ready for a decision in hours.
Why it matters
HELOCs need title, senior-lien statements, a value and income on a small loan; manual review costs nearly as much as a first mortgage and takes days.
How the solution handles it
Agents read the application, title and first-mortgage statement, calculate combined LTV from the value and DTI from income, and check the Reg Z home-equity disclosures and 3-day rescission. A writer drafts the memo; the HELOC underwriter approves the line.
How a HELOC moves
Six specialist agents read the file, check liens and value, calculate CLTV and DTI, check Reg Z and draft the memo; a HELOC underwriter approves the line.
What it reads, and what it hands back.
What goes in
- HELOC application
- Title or lien report
- First-mortgage statement
- AVM or appraisal
- Paystubs, W-2s or returns
What comes out
- Cited HELOC decision memo
- CLTV and DTI calculation
- Reg Z disclosure and rescission check
- Conditions list
Who uses it
The difference, in numbers.
Every figure is labelled: a target the solution is built to, an estimate, a typical published result, or a proven one.
Sources: 12 CFR 1026.40 (home-equity plans) · 12 CFR 1026.15 (rescission) · “Target” = design goal, measured in the live solution · “Estimated” = our estimate · agents = the live solution’s configuration
6 specialist agents. One person decides.
More in this division.
A full loan package classified, split, extracted and bookmarked, every field cited to its page.
Income CalculationWage, self-employed and rental income calculated to agency rules, every figure traced to its page.
Condition ClearingEvery PTD and PTF condition matched to the document that clears it, the same day it arrives.
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