LenderClose, a fintech company that is making the home equity lending process simpler, faster and more scalable through its cloud-based platform, has rebranded to Coviance. The new brand reflects the company’s next phase of growth; as a technology partner providing process automation powered by data-driven decisioning intelligence. The transformative technology empowers community lenders to deliver a superior borrowing experience, efficiently scale home equity volume, and go from clear-to-close in hours versus weeks.
“The evolution of our technology has advanced us into a new era on our mission to perfect the lending experience,” says Omar Jordan, founder and CEO of Coviance. ”Our technology empowers Credit Unions and Community Banks to compete with fintechs, delivering the best borrower experience with a more humanized touch.”
Coviance has over 425 credit unions and community banks nationwide on its platform.
Alongside the rebrand, Coviance’s proprietary technology, Home Equity Express (HEx), automates the home equity loan process through configurable workflows with data-driven decisioning intelligence giving borrowers and lenders the speed and efficiency to go from clear-to-close in hours. The cloud-based platform uses real-time data, vendors with pre-built integrations, and intelligent communications that deliver a fluid, elevated experience.
“We are emerging as the category leader and are committed to advancing technology across the lending journey so that community lenders can focus on what matters most – their borrower’s experience,” says Jordan. “We’re putting valuable time back in the hands of the lender and borrower.”