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.”