Unlock Technologies

Making homeowners aware of what home equity agreements are and how they work is still one of the biggest challenges facing home equity investment (HEI) providers. Advertising on digital channels like social media is helping HEI companies break through, reports Home Equity Lending News.

Unlock Technologies CMO Michael Micheletti talked to Andrea Riquier of USA TODAY about when to refinance now that mortgage rates are falling. Refinancing might be worthwhile for homeowners wanting to trade down from higher rates or those exploring cash-out refinances to pay off?high-interest debt. But for that group of homeowners, Michael notes that a no-loan, home equity agreement (HEA) could also be worth considering.

We’re excited to announce the close of our third rated home equity agreement (HEA) securitization with partner Saluda Grade. The $198 million transaction, backed by our home equity agreements (HEA), attracted 18 unique investors, including seven first-time participants. The number of investors participating in the deal is considered the highest in the industry to date and demonstrates strong investor confidence in HEAs as an asset class.

We’re thrilled to welcome Rachel Hall as Unlock’s Managing Counsel for Compliance. A seasoned attorney, Rachel has more than two decades of experience in legal, compliance, risk, and operations at global and medium sized banks. Before joining Unlock, Rachel served as regulatory and licensing counsel for Credit Karma. She has also worked in critical compliance roles at USAA, TIAA and Bank of America. She earned her law degree at the University of North Carolina at Chapel Hill and her bachelor’s degree from Davidson College.

U.S. homeowners with mortgages gained an average of $25,000 in home equity during the second quarter of 2024 – amounting to a collective increase of $1.3 trillion over the same quarter last year. Homeowners now have an average of $315,000 in home equity. https://lnkd.in/gfbnUJSu

LendEDU has named Unlock Technologies one of the best home equity sharing companies. The online marketplace recognized Unlock for being the only home equity agreement (HEA) provider to offer homeowners the ability to pay off our investment through partial payments any time during their agreement.

Check out the view from the NAR REACH booth at Blueprint Las Vegas, the largest gathering of real estate industry leaders and innovators. Glad to have the time with Scout, Final Offer and Prophia. #Blueprint2024

Thank you to HomeLight for producing this very thorough guide to home equity sharing agreements, featuring our resident expert, Unlock CMO Michael Micheletti. HomeLight explains how home equity sharing works, what to expect during the application process and the questions to ask before signing on the dotted line.

We are enjoying our time at the SCV Portfolio Summit in beautiful Park City, Utah this week. Thanks to Second Century Ventures and National Association of REALTORS? for providing the opportunity to connect with and learn from our fellow NAR REACH peers.

Amazing work happening at Unlock! Series B closed, Headquarters launched.... let's do this! So many people to serve, so many milestones to cross. Full Steam Ahead for Team Unlock!