According to the latest Experian–Oliver Wyman Market Intelligence Report, HELOC originations came in at $43 billion for Q4 2015 — a 22% increase over Q4 2014. HELOC originations for all of 2015 totaled $160 billion — a 21% increase year over year.
As HELOC originations continue their growth trend, lenders can stay ahead of the competition by using advanced analytics to target the right customers and increase profitability.
Fraudsters have evolved their techniques to capitalize on homeowners and lenders by shifting their focus from home purchases to HELOC fraud.
As the market has shifted, effective cost management is a top priority. Learn the benefits of creating a multichannel mortgage marketing strategy.
Experian and Oliver Wyman have joined forces to launch Ascend CECL Forecaster to help financial institutions of all sizes forecast lifetime credit losses.