Home Equity Line of Credit (HELOC)

BEST PRACTICES & POLICY

Engine by MoneyLion and its Partners must be prudent in rolling out HELOCs as these are mortgage products, therefore we must all ensure compliance with RESPA and other regulations. RESPA penalties are a double-edged sword; you are exposed to penalties whether you make or receive payouts in the event of a violation. The primary step towards compliance is allowing the consumer to shop without influencing their decision. Therefore, we will neither endorse nor recommend any particular lender or HELOC product.

pageRisk Factors & RequirementspageDos & Don’ts for All HELOC Supply PartnerspageDos & Don’ts for HELOC Native Partners (API)pageOur Embed/Partner Page ImplementationpageHELOC-specific disclosures