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Prosper and BBVA USA launch digital home equity line of credit platform

Wednesday 6 November 2019 11:05 CET | News

US-based online B2B marketplace Prosper and the US subsidiary of BBVA have launched Home Equity Line of Credit (HELOC).

Prosper and BBVA USA have worked closely together to build an end-to-end HELOC solution that allows customers to complete an online application in minutes and receive an instant pre-qualification. The digital platform saves customers weeks compared to the traditional application process and offers HELOC consumers access to competitive rates and no origination fees.

BBVA USA is Prosper’s exclusive bank partner in the bank’s main footprint states of Alabama, Texas, New Mexico, Colorado and Arizona, and also worked side-by-side with Prosper, lending equity product knowledge and expertise as the digital solution was developed. The bank will soon offer the digital HELOC to a selected group of its own customers via a BBVA branded version of the platform.


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Keywords: BBVAm Prosper, home equity line of credit platform, credit platform, credit line, HELOC, online banking, digital bank, digital platform, United States, US
Categories: Banking & Fintech | Online & Mobile Banking
Countries: United States
This article is part of category

Banking & Fintech