Home equity opportunities are expected to increase in 2025, but HELOCs are legally not considered transferable – or able to be sold to investors – in states where Uniform Commercial Code (UCC) Article 12 has not yet been enacted.
As we begin 2023, it's important for financial institutions to look ahead and consider how to enhance their digital capabilities in innovative ways to address changing customer needs, values, and economic conditions. According to Gartner's top 10 strategic technology trends for 2023, one of the key themes is "Scale," with an emphasis on Industry Cloud Platforms as the building blocks for organizations to create new and differentiated digital initiatives and experiences.
