NFTYDoor LLC launches its digital home equity lending platform, providing on-demand access to an $11 trillion market
MCLEAN, Va., August 22, 2022 /PRNewswire/ — NFTYDoor LLC, a digital mortgage startup, today unveiled its home equity platform to offer U.S. homeowners a modern way to access their capital with a one-minute online application and funding in as little as three days.
NFTYDoor – unlock your home equity in 1 minute
American owners are stock-rich, with more than $11 trillion of exploitable home equity. However, homeowners looking to use their capital will find that today’s higher interest rates often make the cost of a cash REFI prohibitive. At the same time, traditional home equity lenders take 30-90 days to fund due to manual underwriting. NFTYDoor provides a quick and seamless solution.
“We help owners manage and pay for life’s big events,” said Marc Schacknies, CEO and co-founder of NFTYDoor. “Homeowners should be able to easily tap into their on-demand capital to pay for a home improvement, tuition, a car, or pay off expensive personal debt.”
Homeowners can access $25,000 to $250,000 of home equity with a 25-year fixed rate term, after completing a simple online application. NFTYDoor is a proprietary end-to-end digital platform that leverages artificial intelligence to automate underwriting, closing, financing and servicing. These innovations comply with regulations and reduce origination times and costs.
NFTYDoor partners with bank and non-bank lenders so that they can offer a home equity product to their clients. Jonathan SpinettoCOO and co-founder of NFTYDoor, said, “Our platform is an out-of-the-box solution for lenders. Our eNotes are stored on the blockchain, unlocking next-level efficiency in capital markets.”
About NFTYDoor LLC
VirginiaNFTYDoor LLC, a digital mortgage lender (NMLS 2324343), provides home equity lending through banking and non-banking partners. NFTYDoor is licensed in Virginia, MarylandCC, Illinoisand Florida, with plans to expand nationwide in its first year of operation. Lenders and owners can visit NFTYDoor.com to learn more.
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