Banks and credit unions are struggling to compete with technology-focused lenders who use automation to close home equity loans faster.

HEI provider Splitero has received a $300 million investment from funds managed by Antarctica Capital.

Loan officers are increasingly offering clients buy-before-you-sell products to help them beat contingencies issues, according to HomeLight, a provider of buy-before-you-sell products.

Four rated deals have been issued in recent months. Morningstar established rating criteria for HEI securitizations late last year.

Industry attorneys said it’s unclear what the CFPB might do about auto purchases that include negative equity from a prior vehicle, given the bureau’s lack of jurisdiction over auto dealers.

Innovation and concerns are arising in the home equity lending space as home values increase.

The real estate investment trust originates non-qualified mortgage, home equity and agency loans through its NewRez unit, and funds residential transition loans through its Genesis Capital affiliate.

Angel Oak executives believe home equity products for self-employed and non-QM borrowers could be a growth area for brokers this year.

Buy-before-you-sell loan provider Calque has filed a patent for parts of its Trade-In Mortgage product.

CoreLogic expects home equity lending to increase next year following a lull in HELOC originations this year.