Equity Protection Program (EPP)
Do you want to increase home equity loan volume without increasing the risk of default? The EPP provides Lenders with a competitive, easily managed program designed to increase loan production and provide an additional source of income while minimizing risk. We work with an admitted carrier with an AM Best “A” rating and help you establish the credit underwriting criteria for the program. In the event of a default, no foreclosure is required in order to file a claim. Loan types include – Home Improvement Loans, Closed-End Seconds and HELOCs, and Purchase-Money Seconds. Other highlights include: LTV thresholds up to 100%, Balance sheet protection, and No direct cost to your entity.