HELOC product aims to help brokers drive new business
Symmetry Lending has expanded its product offerings with the launch of a first-lien HELOC loan program.
The HELOC product will be accessible to Symmetry’s network of approved mortgage brokers and wholesalers. Ken Zongor, president and chief financial officer of Symmetry Lending, commented on the new offering.
“I am very excited about the launch of our first lien product,” he said in a release. “This new solution presents an opportunity for mortgage brokers to extend their reach and offerings to even more of their client base, helping to drive new business and extend borrower relationships in a still-challenging market. I believe this product release will be a major win for brokers, loan officers, and borrowers alike.”
The company specializes in providing HELOCs to mortgage brokers, wholesalers, and retailers across the United States. Last month, Symmetry increased broker fee payouts on its standalone HELOCs to “provide financial flexibility to homeowners and income opportunities to mortgage professionals.”
“Increasing the payouts on Symmetry’s standalones offers a big opportunity for our clients to increase their income while the first mortgage market remains challenging,” said Kurt Wheeler, vice president of strategic partnerships at Symmetry Lending.
Headquartered in Atlanta, Symmetry also operates from its Arizona, California, Colorado, Florida, Hawaii, Minnesota, and Nevada offices.
Stay updated with the freshest mortgage news. Get exclusive interviews, breaking news, and industry events in your inbox, and always be the first to know by subscribing to our FREE daily newsletter.
