Home equity fintech LenderClose rebrands as Coviance

New name aligns with company's mission to "perfect the lending experience," says CEO

Home equity fintech LenderClose rebrands as Coviance

LenderClose, a home equity lending fintech, has rebranded to Coviance as the company steps into its next growth phase.

The new name signals the company’s “evolution” to a technology partner providing process automation powered by data-driven decisioning intelligence, a Press release from the fintech said. Founded in 2015, Coviance offers credit unions and community banks technology that enables them to close home equity lending transactions within hours instead of weeks.

“The evolution of our technology has advanced us into a new era on our mission to perfect the lending experience,” said 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.”

In 2022, Coviance processed nearly $8 billion in home equity lending volume in its platform, with more than 425 credit unions and community lenders using its technology.

“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,” Jordan said. “We’re putting valuable time back in the hands of the lender and borrower.”

Want to stay up to date with the latest mortgage tech news? Get well-curated articles in your inbox and always be the first to know by subscribing to our FREE daily newsletter.