Equity alerts allow lenders to get notified once one of their customers has built enough equity in their property so they can take advantage of a HELOC (home equity line of credit), cash out refinance, and more. Total Expert calculates an estimated LTV (loan to value) based on the valuation of the property we receive from Black Knight—a third-party data and analytics company—as well as the estimated current mortgage balance.
Total Expert organizations can set an LTV threshold that determines when your Loan Officers are notified of contact's potential change in equity so engagement comes at the right time.